Austria: Tap And Valve Market 2024

Tap And Valve Market Size in Austria

The Austrian tap and valve market skyrocketed to $X in 2022, rising by 16% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +34.8% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Tap And Valve Production in Austria

In value terms, tap and valve production surged to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible curtailment. Tap and valve production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Tap And Valve Exports

Exports from Austria

In 2022, after two years of growth, there was decline in overseas shipments of taps, cocks, valves and similar appliances, when their volume decreased by -4.7% to X tons. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. As a result, the exports attained the peak of X tons, and then contracted modestly in the following year.

In value terms, tap and valve exports shrank to $X in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Germany (X tons) was the main destination for tap and valve exports from Austria, accounting for a 30% share of total exports. Moreover, tap and valve exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), sevenfold. Switzerland (X tons) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+1.3% per year) and Switzerland (-2.3% per year).

In value terms, Germany ($X) remains the key foreign market for taps, cocks, valves and similar appliances exports from Austria, comprising 28% of total exports. The second position in the ranking was held by China ($X), with a 7.6% share of total exports. It was followed by Switzerland, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.7% per year) and Switzerland (-0.2% per year).

Export Prices by Country

In 2022, the average tap and valve export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 10%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Lithuania ($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 China (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Austria

In 2022, approx. X tons of taps, cocks, valves and similar appliances were imported into Austria; surging by 7.7% against 2021 figures. Overall, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +31.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, tap and valve imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest tap and valve supplier to Austria, with a 46% share of total imports. Moreover, tap and valve imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.4% per year) and Poland (+20.9% per year).

In value terms, Germany ($X) constituted the largest supplier of taps, cocks, valves and similar appliances to Austria, comprising 60% of total imports. The second position in the ranking was held by Italy ($X), with a 9.7% share of total imports. It was followed by Switzerland, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.0% per year) and Switzerland (+4.7% per year).

Import Prices by Country

In 2022, the average tap and valve import price amounted to $X per ton, with a decrease of -9.5% against the previous year. In general, the import price saw a slight descent. The growth pace was the most rapid in 2020 an increase of 6.9% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Turkey ($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 Czech Republic (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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