EU: Tap And Valve Market 2024

Tap And Valve Market Size in the EU

The EU tap and valve market expanded significantly to $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Tap And Valve Production in the EU

In value terms, tap and valve production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight downturn. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Tap And Valve Exports

Exports in the EU

In 2022, approx. X tons of taps, cocks, valves and similar appliances were exported in the European Union; which is down by X% on the previous year. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted modestly in the following year.

In value terms, tap and valve exports reduced to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced slightly in the following year.

Exports by Country

In 2022, Italy (X tons) and Germany (X tons) were the largest exporters of taps, cocks, valves and similar appliances in the European Union, together mixing up X% of total exports. It was distantly followed by Spain (X tons), Poland (X tons), the Czech Republic (X tons) and France (X tons), together achieving a X% share of total exports. The following exporters - Denmark (X tons), the Netherlands (X tons), Belgium (X tons), Austria (X tons), Hungary (X tons), Portugal (X tons) and Romania (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The Czech Republic, Poland, Spain, the Netherlands, Denmark, Belgium, Austria, Hungary, Romania and Portugal lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Spain ($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 Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Tap And Valve Imports

Imports in the EU

In 2022, approx. X tons of taps, cocks, valves and similar appliances were imported in the European Union; leveling off at the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, tap and valve imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Italy (X tons), Spain (X tons), Poland (X tons), the Netherlands (X tons) and Belgium (X tons) represented the largest importers of taps, cocks, valves and similar appliances, together mixing up X% of total imports. The following importers - Austria (X tons), the Czech Republic (X tons), Romania (X tons), Denmark (X tons), Sweden (X tons) and Hungary (X tons) - together made up X% of total imports.

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

In value terms, Germany ($X) constitutes the largest market for imported taps, cocks, valves and similar appliances in the European Union, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

In Germany, tap and valve imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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