CIS: Tap And Valve Market 2024

Tap And Valve Market Size in CIS

The CIS tap and valve market reduced modestly to $X in 2022, declining by -2.8% against the previous year. Overall, consumption showed a mild contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Tap And Valve Production in CIS

In value terms, tap and valve production reached $X in 2022 estimated in export price. In general, production saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 17%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Tap And Valve Exports

Exports in CIS

In 2022, tap and valve exports in the CIS dropped remarkably to X tons, waning by -17.5% on the year before. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 48%. 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 shrank modestly to $X in 2022. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 41%. 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

Russia represented the major exporter of taps, cocks, valves and similar appliances in the CIS, with the volume of exports accounting for X tons, which was approx. 61% of total exports in 2022. It was distantly followed by Belarus (X tons) and Kazakhstan (X tons), together achieving a 35% share of total exports. The following exporters - Kyrgyzstan (X tons) and Uzbekistan (X tons) - each amounted to a 3.8% share of total exports.

Exports from Russia increased at an average annual rate of +1.8% from 2012 to 2022. At the same time, Uzbekistan (+39.3%), Kyrgyzstan (+37.7%) and Belarus (+7.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +39.3% from 2012-2022. By contrast, Kazakhstan (-31.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Belarus, Kyrgyzstan and Uzbekistan increased by +42, +25, +2.1 and +1.7 percentage points, respectively.

In value terms, Russia ($X) remains the largest tap and valve supplier in the CIS, comprising 70% of total exports. The second position in the ranking was held by Belarus ($X), with a 23% share of total exports. It was followed by Kazakhstan, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled +2.5%. In the other countries, the average annual rates were as follows: Belarus (+8.6% per year) and Kazakhstan (-29.9% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, increasing by 16% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tap and valve export price increased by +78.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 29% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 Russia ($X per ton), while Kyrgyzstan ($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 more modest paces of growth.

Tap And Valve Imports

Imports in CIS

In 2022, the amount of taps, cocks, valves and similar appliances imported in the CIS fell to X tons, waning by -3.1% compared with 2021 figures. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 19% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, tap and valve imports fell to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 16%. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Russia (X tons) represented the main importer of taps, cocks, valves and similar appliances, constituting 69% of total imports. Kazakhstan (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (7.1%) and Belarus (5.8%). Azerbaijan (X tons) took a minor share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of taps, cocks, valves and similar appliances. At the same time, Uzbekistan (+26.4%), Belarus (+3.0%) and Azerbaijan (+2.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +26.4% from 2012-2022. By contrast, Kazakhstan (-1.8%) illustrated a downward trend over the same period. While the share of Uzbekistan (+7.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-2.9 p.p.) and Russia (-7.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported taps, cocks, valves and similar appliances in the CIS, comprising 72% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 14% share of total imports. It was followed by Belarus, with a 5.3% share.

In Russia, tap and valve imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-0.5% per year) and Belarus (-1.2% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, with a decrease of -3.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 9.1% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Azerbaijan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :