Central Asia: Tap And Valve Market 2024

Tap And Valve Market Size in Central Asia

The Central Asian tap and valve market shrank modestly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Tap And Valve Production in Central Asia

In value terms, tap and valve production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 31% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Tap And Valve Exports

Exports in Central Asia

In 2022, exports of taps, cocks, valves and similar appliances in Central Asia skyrocketed to X tons, growing by 25% against 2021. Over the period under review, exports, however, recorded a sharp decline. The pace of growth was the most pronounced in 2016 with an increase of 142%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tap and valve exports expanded sharply to $X in 2022. Overall, exports, however, showed a dramatic descent. The growth pace was the most rapid in 2019 when exports increased by 91% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan was the major exporter of taps, cocks, valves and similar appliances in Central Asia, with the volume of exports reaching X tons, which was approx. 54% of total exports in 2022. Kyrgyzstan (X tons) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (20%).

Exports from Kazakhstan decreased at an average annual rate of -31.5% from 2012 to 2022. At the same time, Uzbekistan (+39.3%) and Kyrgyzstan (+37.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +39.3% from 2012-2022. Kyrgyzstan (+25 p.p.) and Uzbekistan (+20 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -45.7% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest tap and valve supplier in Central Asia, comprising 61% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at -29.9%. In the other countries, the average annual rates were as follows: Uzbekistan (+49.9% per year) and Kyrgyzstan (+33.0% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, dropping by -12.3% against the previous year. In general, the export price, however, recorded slight growth. The growth pace was the most rapid in 2018 when the export price increased by 39%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+7.6%), while the other leaders experienced mixed trends in the export price figures.

Tap And Valve Imports

Imports in Central Asia

In 2022, approx. X tons of taps, cocks, valves and similar appliances were imported in Central Asia; with an increase of 2.8% on the previous year. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 25%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tap and valve imports shrank to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 31% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Kazakhstan represented the largest importer of taps, cocks, valves and similar appliances in Central Asia, with the volume of imports reaching X tons, which was near 55% of total imports in 2022. Uzbekistan (X tons) ranks second in terms of the total imports with a 32% share, followed by Turkmenistan (5.2%). Kyrgyzstan (X tons), Tajikistan (X tons) and Mongolia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +26.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported taps, cocks, valves and similar appliances in Central Asia, comprising 70% of total imports. The second position in the ranking was held by Uzbekistan ($X), with an 18% share of total imports. It was followed by Turkmenistan, with a 5.2% share.

In Kazakhstan, tap and valve imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+21.6% per year) and Turkmenistan (-12.1% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, waning by -9.3% against the previous year. In general, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2016 an increase of 8.7% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained 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 Mongolia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :