Central Asia: Tap And Valve Market 2024

Tap And Valve Market Size in Central Asia

In 2023, the Central Asian tap and valve market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Tap And Valve Production in Central Asia

In value terms, tap and valve production rose remarkably to $X in 2023 estimated in export price. In general, production, however, showed a slight descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Tap And Valve Exports

Exports in Central Asia

For the third year in a row, Central Asia recorded growth in overseas shipments of taps, cocks, valves and similar appliances, which increased by X% to X tons in 2023. In general, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, tap and valve exports skyrocketed to $X in 2023. Over the period under review, exports recorded prominent growth. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan represented the major exporter of taps, cocks, valves and similar appliances in Central Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Uzbekistan (X tons), achieving a X% share of total exports.

Exports from Kazakhstan decreased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Uzbekistan increased by X percentage points.

In value terms, Kazakhstan ($X) remains the largest tap and valve supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with an X% share of total exports.

In Kazakhstan, tap and valve exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price saw strong growth. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Tap And Valve Imports

Imports in Central Asia

In 2023, supplies from abroad of taps, cocks, valves and similar appliances increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a mild increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The growth pace was the most rapid in 2022 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, tap and valve imports soared to $X in 2023. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) prevails in imports structure, together achieving X% of total imports. It was distantly followed by Turkmenistan (X tons), comprising a X% share of total imports. The following importers - Kyrgyzstan (X tons), Tajikistan (X tons) and Mongolia (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported taps, cocks, valves and similar appliances in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Turkmenistan, with a X% share.

In Kazakhstan, tap and valve imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the import price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform