Czech Republic: Tap And Valve Market 2024

Tap And Valve Market Size in the Czech Republic

In 2022, the Czech tap and valve market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption recorded perceptible growth. Tap and valve consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Tap And Valve Production in the Czech Republic

In value terms, tap and valve production reduced slightly to $X in 2022 estimated in export price. Overall, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -37.8% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of 109% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Tap And Valve Exports

Exports from the Czech Republic

In 2022, tap and valve exports from the Czech Republic dropped slightly to X tons, therefore, remained relatively stable against the previous year. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 23% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, tap and valve exports declined to $X in 2022. The total export value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 22%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Germany (X tons) was the main destination for tap and valve exports from the Czech Republic, accounting for a 30% share of total exports. Moreover, tap and valve exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+1.1% per year) and Poland (+1.6% per year).

In value terms, Germany ($X) remains the key foreign market for taps, cocks, valves and similar appliances exports from the Czech Republic, comprising 30% of total exports. The second position in the ranking was taken by Poland ($X), with a 6.9% share of total exports. It was followed by Slovakia, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+6.3% per year) and Slovakia (+1.6% per year).

Export Prices by Country

In 2022, the average tap and valve export price amounted to $X per ton, declining by -3.9% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +33.5% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Russia ($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 Germany (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into the Czech Republic

Tap and valve imports into the Czech Republic expanded significantly to X tons in 2022, with an increase of 11% compared with the year before. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 27%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, tap and valve imports stood at $X in 2022. The total import value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 25%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of tap and valve imports to the Czech Republic, with a combined 64% share of total imports. Poland, Hungary, Austria, France, Spain, the United States, Morocco, Japan, Slovakia and Denmark lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of +171.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of taps, cocks, valves and similar appliances to the Czech Republic, comprising 29% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.7% per year) and Italy (+3.0% per year).

Import Prices by Country

The average tap and valve import price stood at $X per ton in 2022, reducing by -9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2014 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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