The data for 2023 shows that China is the dominant player in the global export of locks for motor vehicles with a 24.51% share, followed by Mexico at 16.7% and Germany at 10.78%. Notable year-on-year increases were observed in Romania and Slovakia, with 5.55% and 4.13% growth respectively. Conversely, significant declines were seen in France and Japan, with reductions of 16.04% and 8.59% respectively. The five-year compound annual growth rate should be closely monitored for countries with substantial growth like Kazakhstan and Paraguay to understand emerging trends.
Looking forward, the industry may experience shifts due to advancements in smart lock technology and increased automotive production in emerging markets. It will be important to watch for the impact of changing trade regulations, especially between major players like the US and China, and the potential influence of technological adoption in countries like India and South Korea. These factors are likely to dictate the global distribution of production and exports.
Top countries in Export of Locks of a Kind Used for Motor Vehicles of Base Metal Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 24.51 | 2023 | +1.79% | +2.69% | View data |
| 2 | 2 Mexico | 16.7 | 2023 | -1.45% | -0.56% | View data |
| 3 | 3 Germany | 10.78 | 2023 | +1.37% | +1.92% | View data |
| 4 | 4 Czech Republic | 10 | 2023 | +1.23% | +0.81% | View data |
| 5 | 5 United States | 6.22 | 2023 | +1.47% | +1.9% | View data |
| 6 | 6 South Korea | 5.32 | 2023 | +1.82% | +2.81% | View data |
| 7 | 7 Portugal | 4.95 | 2023 | +2.6% | +2.58% | View data |
| 8 | 8 Italy | 4.24 | 2023 | +3.39% | +4.43% | View data |
| 9 | 9 Romania | 3.89 | 2023 | +4.97% | +5.55% | View data |
| 10 | 10 United Kingdom | 3.35 | 2023 | +1.91% | +3.15% | View data |
