The global export of padlocks of base metal is dominated by China, significantly leading with a value of $859.39 million. Mexico and the United States follow, with values of $133.32 million and $54.011 million, respectively. Noteworthy year-on-year growth rates include Poland at 17.55% and the Philippines at 15.79%. Conversely, Malaysia and Slovenia experienced declines of 17.68% and 21.02% respectively. Over a five-year period, China and Belgium showed consistent positive growth, whereas Singapore and Switzerland faced notable declines.
Looking ahead, trends in padlock exports may be influenced by developments in manufacturing practices, trade policies, and security requirements. Countries investing in technological advancements and diversifying product lines to meet emerging markets' demands could see substantial growth in this sector.
Top countries in Export of Padlocks of Base Metal by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 859,390,000 | 2023 | +2.62% | +2.97% | View data |
| 2 | 2 Mexico | 133,320,000 | 2023 | +0.25% | +1.16% | View data |
| 3 | 3 United States | 54,011,000 | 2023 | +1.3% | +1.46% | View data |
| 4 | 4 Germany | 48,753,000 | 2023 | +1.37% | +0.99% | View data |
| 5 | 5 France | 27,735,000 | 2023 | +1.2% | +0.54% | View data |
| 6 | 6 United Kingdom | 17,984,000 | 2023 | +2.08% | +1.02% | View data |
| 7 | 7 Finland | 16,404,000 | 2023 | +1.93% | +2.5% | View data |
| 8 | 8 Belgium | 14,503,000 | 2023 | +3.29% | +2.66% | View data |
| 9 | 9 Sweden | 11,692,000 | 2023 | +3.91% | +5.94% | View data |
| 10 | 10 Italy | 10,729,000 | 2023 | -2.25% | -2.77% | View data |
