Netherlands: Tap And Valve Market 2024

Tap And Valve Market Size in the Netherlands

For the seventh consecutive year, the Dutch tap and valve market recorded growth in sales value, which increased by 16% to $X in 2022. Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Tap And Valve Production in the Netherlands

In value terms, tap and valve production surged to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt setback. Tap and valve production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Tap And Valve Exports

Exports from the Netherlands

Tap and valve exports from the Netherlands dropped rapidly to X tons in 2022, with a decrease of -23.1% against the year before. Over the period under review, exports recorded a slight downturn. The pace of growth appeared the most rapid in 2014 with an increase of 7.7%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, tap and valve exports dropped markedly to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 14% against the previous year. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Germany (X tons), Belgium (X tons) and the UK (X tons) were the main destinations of tap and valve exports from the Netherlands, with a combined 41% share of total exports. These countries were followed by France, the United States, Turkey, China, Poland, the United Arab Emirates, Italy, Denmark, Spain and the Czech Republic, which together accounted for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +7.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the UK ($X) constituted the largest markets for tap and valve exported from the Netherlands worldwide, together accounting for 34% of total exports. The United States, France, China, Italy, Denmark, Spain, the United Arab Emirates, Turkey, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 29%.

Denmark, with a CAGR of +12.0%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, rising by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 17% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($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 the UK (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into the Netherlands

In 2022, the amount of taps, cocks, valves and similar appliances imported into the Netherlands reached X tons, approximately equating 2021 figures. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 9.9%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, tap and valve imports declined modestly to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.7% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 12% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced modestly in the following year.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of tap and valve imports to the Netherlands, together comprising 63% of total imports. Belgium, the United States, the UK, Denmark, Poland, France, Hungary, South Korea and the Czech Republic lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +28.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of taps, cocks, valves and similar appliances to the Netherlands, comprising 33% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.1% per year) and China (+11.5% per year).

Import Prices by Country

In 2022, the average tap and valve import price amounted to $X per ton, dropping by -4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 8.5% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :