Europe: Tap And Valve Market 2024

Tap And Valve Market Size in Europe

The Europe tap and valve market totaled $X in 2023, picking up by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Tap And Valve Production in Europe

In value terms, tap and valve production expanded markedly to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Tap And Valve Exports

Exports in Europe

Tap and valve exports reduced to X tons in 2023, waning by X% against 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, tap and valve exports expanded markedly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Exports by Country

Italy (X tons) and Germany (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Spain (X tons) and Poland (X tons), together generating a X% share of total exports. France (X tons), Denmark (X tons), the Czech Republic (X tons), the Netherlands (X tons), the UK (X tons), Belgium (X tons), Hungary (X tons), Switzerland (X tons) and Romania (X tons) took a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main 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 the UK ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. France, the Czech Republic, Poland, Switzerland, Spain, the Netherlands, Denmark, Belgium, Hungary and Romania lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The export price in Europe stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue 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 Switzerland ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 Europe

In 2023, approx. X tons of taps, cocks, valves and similar appliances were imported in Europe; waning by X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, tap and valve imports totaled $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of tap and valve imports in 2023 were Germany (X tons), Russia (X tons), France (X tons), the UK (X tons), Italy (X tons), Spain (X tons), Poland (X tons), the Netherlands (X tons), Belgium (X tons), Denmark (X tons), the Czech Republic (X tons) and Austria (X tons), together recording X% of total import. Romania (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Italy, the Netherlands, Russia, Poland, Spain, Belgium, the Czech Republic, Austria, Denmark and Romania lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Poland, 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 2023, the import price in Europe amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform