Australia and Oceania: Tap And Valve Market 2024

Tap And Valve Exports

Exports in Australia and Oceania

In 2022, tap and valve exports in Australia and Oceania declined slightly to X tons, standing approx. at the previous year. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 31% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, tap and valve exports totaled $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. The level of export peaked at $X in 2013; afterwards, it flattened through to 2022.

Exports by Country

Australia represented the major exporter of taps, cocks, valves and similar appliances in Australia and Oceania, with the volume of exports resulting at X tons, which was approx. 80% of total exports in 2022. It was distantly followed by New Zealand (X tons), creating a 17% share of total exports. Papua New Guinea (X tons) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of exports of taps, cocks, valves and similar appliances. At the same time, Papua New Guinea (+11.9%) and New Zealand (+4.6%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +11.9% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest tap and valve supplier in Australia and Oceania, comprising 81% of total exports. The second position in the ranking was held by New Zealand ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +1.5%. In the other countries, the average annual rates were as follows: New Zealand (+4.5% per year) and Papua New Guinea (+15.7% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 when the export price increased by 19%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+3.4%), while the other leaders experienced mixed trends in the export price figures.

Tap And Valve Imports

Imports in Australia and Oceania

Tap and valve imports dropped to X tons in 2022, reducing by -6.8% on the previous year. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, tap and valve imports fell to $X in 2022. The total import value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Australia (X tons) was the main importer of taps, cocks, valves and similar appliances, comprising 79% of total imports. It was distantly followed by New Zealand (X tons), committing a 13% share of total imports. The following importers - Fiji (X tons) and Papua New Guinea (X tons) - together made up 5.6% of total imports.

From 2012 to 2022, average annual rates of growth with regard to tap and valve imports into Australia stood at -1.4%. At the same time, Fiji (+21.6%) and New Zealand (+3.4%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +21.6% from 2012-2022. By contrast, Papua New Guinea (-7.8%) illustrated a downward trend over the same period. New Zealand (+4.1 p.p.) and Fiji (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea and Australia saw its share reduced by -1.9% and -6.4% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported taps, cocks, valves and similar appliances in Australia and Oceania, comprising 83% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total imports. It was followed by Papua New Guinea, with a 1.5% share.

In Australia, tap and valve imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+4.8% per year) and Papua New Guinea (-7.2% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by 6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the import price increased by 17% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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