Azerbaijan: Tap And Valve Market 2024

Tap And Valve Market Size in Azerbaijan

In 2022, the Azerbaijani tap and valve market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, continues to indicate a noticeable increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Tap And Valve Production in Azerbaijan

In value terms, tap and valve production declined modestly to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Tap and valve production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Tap And Valve Exports

Exports from Azerbaijan

In 2022, the amount of taps, cocks, valves and similar appliances exported from Azerbaijan contracted notably to X tons, with a decrease of X% compared with the previous year's figure. Overall, exports showed a dramatic decline. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tap and valve exports dropped dramatically to $X in 2022. In general, exports showed a noticeable downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Georgia (X tons) was the main destination for tap and valve exports from Azerbaijan, with a X% share of total exports. Moreover, tap and valve exports to Georgia exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. Russia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Russia (X% per year).

In value terms, the UK ($X), Georgia ($X) and the United States ($X) appeared to be the largest markets for tap and valve exported from Azerbaijan worldwide, with a combined X% share of total exports. Kazakhstan, Russia, Uzbekistan, the United Arab Emirates, Turkmenistan and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tap and valve export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price showed a significant increase. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Azerbaijan

In 2022, supplies from abroad of taps, cocks, valves and similar appliances decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tap and valve imports shrank markedly to $X in 2022. Over the period under review, imports continue to indicate a slight shrinkage. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of tap and valve imports to Azerbaijan, together accounting for X% of total imports. The United States, Russia, Romania, France, South Korea and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tap and valve suppliers to Azerbaijan were the United States ($X), Turkey ($X) and China ($X), together comprising X% of total imports. Italy, the UK, Romania, France, South Korea and Russia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tap and valve import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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