Global Safes And Strongboxes Market Overview
In value terms, safes and strongboxes production dropped modestly to $ in estimated in export prices. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the production volume increased by % year-to-year. Over the period under review, global production hit record highs at $ in 2018; however, from 2019 to , production failed to regain the momentum.
The country with the largest volume of safes and strongboxes production was China ( tonnes), comprising approx. % of total volume. Moreover, safes and strongboxes production in China exceeded the figures recorded by the second-largest producer, India ( tonnes), fourfold. The third position in this ranking was occupied by Mexico ( tonnes), with a % share.
From 2007 to , the average annual growth rate of volume in China amounted to +%. In the other countries, the average annual rates were as follows: India (+% per year) and Mexico (+% per year).
The global safes and strongboxes market value declined to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the market value increased by % year-to-year. Global consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain the momentum.
In China, safes and strongboxes consumption remained relatively stable over the period from 2007-. The remaining consuming countries recorded the following average annual rates of consumption growth: the U.S. (+% per year) and India (+% per year).
In value terms, China ($), Japan ($) and India ($) were the countries with the highest levels of market value in , together accounting for % of the global market. These countries were followed by the U.S., Mexico, Italy, Indonesia, Russia, Germany, Democratic Republic of the Congo, South Korea and Thailand, which together accounted for a further %.
Indonesia recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while safes and strongboxes market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of safes and strongboxes per capita consumption in were South Korea ( kg per persons), the U.S. ( kg per persons) and Germany ( kg per persons).
From 2007 to , the most notable rate of growth in terms of safes and strongboxes per capita consumption, amongst the main consuming countries, was attained by the U.S., while safes and strongboxes per capita consumption for the other global leaders experienced more modest paces of growth.