Azerbaijan: Tap And Valve Market 2024

Tap And Valve Market Size in Azerbaijan

In 2022, the Azerbaijani tap and valve market decreased by -16% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, posted a moderate expansion. Tap and valve consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Tap And Valve Production in Azerbaijan

In value terms, tap and valve production shrank modestly to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 82%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tap And Valve Exports

Exports from Azerbaijan

In 2022, the amount of taps, cocks, valves and similar appliances exported from Azerbaijan contracted remarkably to X tons, waning by -67% compared with the previous year's figure. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 177% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tap and valve exports dropped remarkably to $X in 2022. Over the period under review, exports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 105% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X tons), Russia (X tons) and Uzbekistan (X tons) were the main destinations of tap and valve exports from Azerbaijan, with a combined 78% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +140.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tap and valve exported from Azerbaijan were the UK ($X), Georgia ($X) and the United States ($X), with a combined 44% share of total exports. Kazakhstan, Russia, Uzbekistan, the United Arab Emirates and Ukraine lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, Uzbekistan, with a CAGR of +140.0%, saw 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, with an increase of 106% against the previous year. Overall, the export price continues to indicate prominent growth. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Ukraine ($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 Kazakhstan (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Azerbaijan

In 2022, supplies from abroad of taps, cocks, valves and similar appliances decreased by -14% to X tons, falling for the second consecutive year after three years of growth. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.9% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by 57% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tap and valve imports reduced markedly to $X in 2022. Over the period under review, imports continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2015 with an increase of 84%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of tap and valve imports to Azerbaijan, together comprising 79% of total imports. The United States, Russia, Romania, France, South Korea and the UK lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +49.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Turkey ($X) and China ($X) were the largest tap and valve suppliers to Azerbaijan, with a combined 48% share of total imports. Italy, the UK, Romania, France, South Korea and Russia lagged somewhat behind, together comprising a further 32%.

South Korea, with a CAGR of +42.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, waning by -10.1% against the previous year. In general, the import price saw a perceptible slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 25%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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