Brazil: Tap And Valve Market 2024

Tap And Valve Market Size in Brazil

The Brazilian tap and valve market amounted to $X in 2022, approximately equating the previous year. Overall, consumption recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 with an increase of 6.5%. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Tap And Valve Production in Brazil

In value terms, tap and valve production declined modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of 8%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Tap And Valve Exports

Exports from Brazil

In 2022, the amount of taps, cocks, valves and similar appliances exported from Brazil was estimated at X tons, surging by 7.4% compared with the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, tap and valve exports skyrocketed to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Guyana (X tons), the United States (X tons) and Norway (X tons) were the main destinations of tap and valve exports from Brazil, with a combined 44% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +191.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tap and valve exported from Brazil were Guyana ($X), the United States ($X) and Norway ($X), with a combined 68% share of total exports.

Norway, with a CAGR of +184.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tap and valve export price stood at $X per ton in 2022, surging by 12% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 18% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to India ($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 Guyana (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Brazil

In 2022, purchases abroad of taps, cocks, valves and similar appliances increased by 4.2% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +87.7% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, tap and valve imports rose significantly to $X in 2022. Overall, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +85.3% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest tap and valve supplier to Brazil, with a 50% share of total imports. Moreover, tap and valve imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. Italy (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.5% per year) and Italy (-0.2% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the largest tap and valve suppliers to Brazil, together accounting for 54% of total imports. These countries were followed by Italy, the UK, Mexico, Japan, Argentina, Poland, India and South Korea, which together accounted for a further 29%.

Among the main suppliers, India, with a CAGR of +20.1%, recorded the highest growth rate of 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, picking up by 3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 7.2%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Mexico (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :