Global Tap And Valve Market 2024

Tap And Valve Market Size

The global tap and valve market rose modestly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the global market reached the peak level in 2022 and is likely to see steady growth in the near future.

Tap And Valve Production

In value terms, tap and valve production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Tap And Valve Exports

Exports

In 2022, shipments abroad of taps, cocks, valves and similar appliances increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, tap and valve exports amounted to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the main exporter of taps, cocks, valves and similar appliances, mixing up X% of total exports. Italy (X tons) took the second position in the ranking, followed by Germany (X tons). All these countries together held approx. X% share of total exports. Mexico (X tons), Japan (X tons), Spain (X tons), the United States (X tons), India (X tons), Poland (X tons), South Korea (X tons), Turkey (X tons) and Taiwan (Chinese) (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tap and valve exports from China stood at X%. At the same time, Mexico (X%), Poland (X%), Turkey (X%), Spain (X%), India (X%), Taiwan (Chinese) (X%) and Germany (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Japan and Italy experienced a relatively flat trend pattern. By contrast, South Korea (X%) and the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Mexico increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Italy, Japan, Mexico, South Korea, Poland, Spain, Taiwan (Chinese), India and Turkey lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average tap and valve export price amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($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 United States (X%), while the other global leaders experienced more modest paces of growth.

Tap And Valve Imports

Imports

In 2022, purchases abroad of taps, cocks, valves and similar appliances decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank modestly in the following year.

In value terms, tap and valve imports expanded to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons), distantly followed by Nigeria (X tons), Germany (X tons) and Russia (X tons) represented the major importers of taps, cocks, valves and similar appliances, together generating X% of total imports. The following importers - China (X tons), France (X tons), Mexico (X tons), the UK (X tons), Saudi Arabia (X tons), Italy (X tons), Spain (X tons), Canada (X tons) and Indonesia (X tons) - together made up X% of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of taps, cocks, valves and similar appliances. At the same time, Nigeria (X%), Indonesia (X%), Germany (X%), Italy (X%), Spain (X%), France (X%), Mexico (X%) and China (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. The UK and Russia experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) and Canada (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of global imports. Canada, France, the UK, Mexico, Russia, Italy, Spain, Saudi Arabia, Indonesia and Nigeria lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Nigeria, 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 global 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, picking up by X% against the previous year. Over the last decade, 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 2022, amid the top importers, the country with the highest price was China ($X per ton), while Nigeria ($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 United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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