Australia: Tap And Valve Market 2024

Tap And Valve Exports

Exports from Australia

In 2022, the amount of taps, cocks, valves and similar appliances exported from Australia fell slightly to X tons, declining by -2% against the previous year. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 30%. 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 expanded notably to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 22%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), New Zealand (X tons) and China (X tons) were the main destinations of tap and valve exports from Australia, with a combined 49% share of total exports. These countries were followed by Papua New Guinea, the UK, Indonesia, Singapore, Vietnam, New Caledonia, the Philippines, Thailand, South Africa and Hong Kong SAR, which together accounted for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Caledonia (with a CAGR of +15.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), New Zealand ($X) and China ($X) appeared to be the largest markets for tap and valve exported from Australia worldwide, together accounting for 48% of total exports. Papua New Guinea, the UK, Indonesia, Singapore, Vietnam, New Caledonia, the Philippines, South Africa, Thailand and Hong Kong SAR lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, Vietnam, with a CAGR of +20.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other 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, rising by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2018 when the average export price increased by 21%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Singapore ($X per ton) and South Africa ($X per ton), while the average price for exports to the Philippines ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Australia

Tap and valve imports into Australia dropped to X tons in 2022, which is down by -12.3% compared with the previous year. Over the period under review, imports recorded a slight downturn. The growth pace was the most rapid in 2021 with an increase of 43%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tap and valve imports dropped to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of tap and valve imports to Australia, with a combined 58% share of total imports. The UK, Italy, Singapore, Malaysia, Japan, Taiwan (Chinese), Mexico, India, France and South Korea lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +10.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tap and valve suppliers to Australia were China ($X), the United States ($X) and Germany ($X), with a combined 58% share of total imports. These countries were followed by the UK, Italy, Mexico, Malaysia, Japan, Singapore, Taiwan (Chinese), France, India and South Korea, which together accounted for a further 26%.

Among the main suppliers, Mexico, with a CAGR of +6.5%, saw the highest rates of growth with regard to 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 2022, the average tap and valve import price amounted to $X per ton, with an increase of 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per ton) and Germany ($X per ton), while the price for Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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