Report Update Nov 1, 2024

Cuba - Taps, Cocks, Valves and Similar Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Tap And Valve Market 2024

Tap And Valve Exports

Exports from Cuba

In 2022, shipments abroad of taps, cocks, valves and similar appliances was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 213% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, tap and valve exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 222% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X kg), Switzerland (X kg) and South Africa (X kg) were the main destinations of tap and valve exports from Cuba, together comprising 8% 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 Switzerland (with a CAGR of +25.7%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) emerged as the key foreign market for taps, cocks, valves and similar appliances exports from Cuba, comprising 58% of total exports. The second position in the ranking was taken by South Africa ($X), with an 8% share of total exports. It was followed by France, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland stood at +57.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-16.3% per year) and France (+3.2% per year).

Export Prices by Country

The average tap and valve export price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 235%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Russia ($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 Switzerland (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Cuba

In 2022, the amount of taps, cocks, valves and similar appliances imported into Cuba fell dramatically to X tons, reducing by -18.2% on 2021 figures. Overall, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, tap and valve imports dropped to $X in 2022. In general, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), China (X tons) and Canada (X tons) were the main suppliers of tap and valve imports to Cuba, with a combined 52% share of total imports. These countries were followed by Mexico, Italy, Brazil and Panama, which together accounted for a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of -1.1%), while imports for the other leaders experienced a decline.

In value terms, Spain ($X), Canada ($X) and China ($X) constituted the largest tap and valve suppliers to Cuba, together accounting for 48% of total imports. Mexico, Italy, Brazil and Panama lagged somewhat behind, together comprising a further 9.2%.

Mexico, with a CAGR of -2.8%, 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 a decline.

Import Prices by Country

In 2022, the average tap and valve import price amounted to $X per ton, increasing by 6.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Panama ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for taps, cocks, valves and similar appliances in the world?

The countries with the highest volumes of in 2021 were China, the United States and Russia, with a combined 52% share of global consumption. These countries were followed by India, Italy, Mexico, Germany, South Korea, France, Thailand and the UK, which together accounted for a further 20%.

What are the largest producers of taps, cocks, valves and similar appliances in the world?

China remains the largest tap and valve producing country worldwide, accounting for 56% of total volume. Moreover, tap and valve production in China exceeded the figures recorded by the second-largest producer, the United States, sevenfold. Italy ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of taps, cocks, valves and similar appliances to Cuba?

In value terms, Spain constituted the largest supplier of tap and valve to Cuba, comprising 47% of total imports. The second position in the ranking was occupied by Canada, with a 15% share of total imports. It was followed by Mexico, with a 9.3% share.

What are the leading importers of taps, cocks, valves and similar appliances from Cuba?

In value terms, the largest markets for tap and valve exported from Cuba were Belgium, Germany and Russia, together accounting for 89% of total exports.

What is the average export price for taps, cocks, valves and similar appliances in Cuba?

In 2021, the average tap and valve export price amounted to $12 per unit, surging by 1.7% against the previous year.

What is the average import price for taps, cocks, valves and similar appliances in Cuba?

The average tap and valve import price stood at $15 per unit in 2021, falling by -8.6% against the previous year.

This report provides an in-depth analysis of the tap and valve market in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28121420 - Pneumatic filters, regulators and lubricators
Prodcom 28121450 - Valves for the control of oleohydraulic power transmission for pipes, boiler shells, tanks, vats and the like
Prodcom 28121480 - Valves for the control of pneumatic power transmission for pipes, boiler shells, tanks, vats and the like
Prodcom 28141120 - Pressure-reducing valves of cast iron or steel, for pipes, b oiler shells, tanks, vats and the like (excluding those combined with lubricators or filters)
Prodcom 28141140 - Pressure-reducing valves for pipes, boiler shells, tanks, vats and the like (excluding of cast iron or steel, those combined with filters or lubricators)
Prodcom 28141160 - Check valves for pipes, boiler shells, tanks, vats and the like
Prodcom 28141170 - Valves for pneumatic tyres and inner-tubes
Prodcom 28141180 - Safety or relief valves for pipes, boiler shells, tanks, vats and the like
Prodcom 28141233 - Mixing valves for sinks, wash basins, bidets, water cisterns etc. excluding valves for pressure-reducing or oleohydraulic/pneumatic power transmissions, check valves, s afety/relief valves
Prodcom 28141235 - Taps, cocks and valves for sinks, wash basins, bidets, water cisterns etc. excluding valves for pressurereducing/ oleohydraulic transmissions, check, safety, relief and mixing valves
Prodcom 28141253 - Central heating radiator thermostatic valves
Prodcom 28141255 - Central heating radiator valves, other
Prodcom 28141313 - Other process control valves, temperature regulators
Prodcom 28141315 - Process control valves for pipes, boiler shells, tanks etc. excluding valves for pressure-reducing or oleohydraulic/pneumatic power transmissions, check, s afety/relief valves, temp. regulators
Prodcom 28141333 - Other gate valves, of cast iron
Prodcom 28141335 - Other gate valves, of steel
Prodcom 28141337 - Other gate valves, other
Prodcom 28141353 - Globe valves, of cast iron
Prodcom 28141355 - Globe valves, of steel
Prodcom 28141357 - Other globe valves
Prodcom 28141373 - Ball and plug valves
Prodcom 28141375 - Butterfly valves
Prodcom 28141377 - Diaphragm valves
Prodcom 28141380 - Other appliances

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023