Benelux: Tap And Valve Market 2024

Tap And Valve Market Size in Benelux

The Benelux tap and valve market reached $X in 2022, flattening at the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +81.8% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Tap And Valve Production in Benelux

In value terms, tap and valve production surged to $X in 2022 estimated in export price. Overall, production recorded a deep downturn. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Tap And Valve Exports

Exports in Benelux

In 2022, after four years of growth, there was significant decline in overseas shipments of taps, cocks, valves and similar appliances, when their volume decreased by -36.6% to X tons. Overall, exports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 20% against the previous year. The volume of export peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, tap and valve exports reduced remarkably to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined markedly in the following year.

Exports by Country

In 2022, the Netherlands (X tons) was the major exporter of taps, cocks, valves and similar appliances, committing 62% of total exports. Belgium (X tons) ranks second in terms of the total exports with a 26% share, followed by Luxembourg (12%).

Exports from the Netherlands decreased at an average annual rate of -1.2% from 2012 to 2022. Luxembourg (-1.2%) and Belgium (-6.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Luxembourg increased by +8.8 and +1.7 percentage points, respectively.

In value terms, the largest tap and valve supplying countries in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Luxembourg, with a CAGR of +4.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+5.6%), while the other leaders experienced more modest paces of growth.

Tap And Valve Imports

Imports in Benelux

In 2022, after six years of growth, there was significant decline in purchases abroad of taps, cocks, valves and similar appliances, when their volume decreased by -23.2% to X tons. Total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, tap and valve imports reduced remarkably to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted sharply in the following year.

Imports by Country

The Netherlands represented the main importer of taps, cocks, valves and similar appliances in Benelux, with the volume of imports accounting for X tons, which was near 59% of total imports in 2022. Belgium (X tons) held the second position in the ranking, distantly followed by Luxembourg (X tons). All these countries together held approx. 41% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +3.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the Netherlands ($X) constitutes the largest market for imported taps, cocks, valves and similar appliances in Benelux, comprising 65% of total imports. The second position in the ranking was held by Belgium ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to +5.0%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-2.0% per year) and Luxembourg (+4.3% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, increasing by 10% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 the Netherlands ($X per ton), while Luxembourg ($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 Netherlands (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform