Market research

Padlocks market in Hungary

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The entry of a new player, FAVI, into the Hungarian home goods market in 2018 signaled market expansion and increased competition, coinciding with a period of rising padlock imports. By 2022, the proliferation of online commerce platforms further enhanced product availability and choice, contributing to a sharp spike in imports to over 4 million US dollars.

In 2023, global disruptions in the construction machinery sector and a downturn in Hungary's residential housing activity reduced demand for related hardware, leading to a contraction in padlock imports and overall market volume.

Despite the introduction of the government's Otthon Start Program in 2024, which stimulated housing purchases and indirectly affected allied industries, the metal padlock market continued to shrink, with domestic production falling significantly and imports declining to 2.3 million US dollars by 2025.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In value
  1. 4.1.1. Production, 2021, 2023-2024
  2. 4.1.2. Imports, 2018-2025
  3. 4.1.3. Exports, 2018-2025
  4. 4.1.4. Market size, 2021, 2023-2024
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2021, 2023-2024, unit
  2. 5.1.2. In value, 2021, 2023-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production padlocks in Hungary

In value, 2018-2021, K $ US

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Exports padlocks from Hungary

Exports in kind, t

Hungary's padlock exports have grown for the third year in a row. In 2021, exports reached 60.6 t, marking an 8.7% increase from 2020. From 2018 to 2021, exports rose by 53.9%, which translates to an annualized growth rate of 15.5%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	15.7%	22.4%	8.7%	15.5%

Source: SHEV.io

Between 2018 and 2021, Slovakia, Serbia, and Romania were Hungary's key partners for padlock exports in kind. Slovakia accounted for 36.8% of exports, Serbia for 26.0%, and Romania for 17.9%. Together, these three countries represented 80.7% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Hungary's padlock exports in value terms have increased for the third consecutive year. In 2021, exports were recorded at 728 K $ US, showing a significant 26.3% year-over-year advance. Over the period from 2018 to 2021, exports grew by 59.4%, with a compound annual growth rate of 16.8%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	2.3%	23.3%	26.3%	16.8%

Source: SHEV.io

From 2018 to 2021, Serbia, Romania, and Slovakia were the main markets for Hungary's padlock exports in value terms. Serbia held a 30.0% share, Romania 28.2%, and Slovakia 25.6%. Combined, these three countries accounted for 83.9% of total export flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in value, 2018-2021

Source: SHEV.io

Imports padlocks to Hungary

Imports in kind, t

Hungary's padlock imports in kind declined for the second year in a row. In 2021, imports totaled 384.7 t, a 19.9% contraction from the previous year. Between 2018 and 2021, imports increased by 9.3%, equating to an annualized rate of 3.0%. The peak was in 2019 at 515.1 t, with the largest increase of 46.3% also occurring that year.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	46.3%	(6.7%)	(19.9%)	3.0%

Source: SHEV.io

From 2018 to 2021, China, Slovenia, and France were the key partners for Hungary's padlock imports in kind. China accounted for 62.4% of imports, Slovenia for 9.3%, and France for 5.6%. Together, these three countries represented 77.3% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

After rising for two years, Hungary's padlock imports in value terms declined. In 2021, imports registered 2 835 K $ US, which is 14.0% less than in 2020. Over the period from 2018 to 2021, imports increased by 20.7%, with a compound annual growth rate of 6.5%. The highest value was recorded in 2020 at 3 295 K $ US, and the largest increase of 34.8% occurred in 2019.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	34.8%	4.0%	(14.0%)	6.5%

Source: SHEV.io

Between 2018 and 2021, China, Hong Kong, and France were the primary suppliers of padlocks to Hungary in value terms. China accounted for 47.4% of imports, Hong Kong for 10.6%, and France for 6.9%. Collectively, these three sources made up 64.9% of total imports in value terms.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in value, 2018-2021

Source: SHEV.io