Denmark: Tap And Valve Market 2024

Tap And Valve Market Size in Denmark

The Danish tap and valve market reduced dramatically to $X in 2022, which is down by -40.9% against the previous year. In general, consumption, however, continues to indicate a tangible expansion. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Tap And Valve Production in Denmark

In value terms, tap and valve production contracted to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by 12% against the previous year. Tap and valve production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Tap And Valve Exports

Exports from Denmark

In 2022, overseas shipments of taps, cocks, valves and similar appliances increased by 11% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tap and valve exports stood at $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Sweden (X tons) and Italy (X tons) were the main destinations of tap and valve exports from Denmark, together accounting for 22% of total exports. These countries were followed by China, the Netherlands, France, Poland, the United States, Norway, Belgium, Spain, Romania and Finland, which together accounted for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +12.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tap and valve exported from Denmark were Germany ($X), the United States ($X) and Italy ($X), with a combined 26% share of total exports. These countries were followed by China, Sweden, France, the Netherlands, Norway, Finland, Poland, Belgium, Spain and Romania, which together accounted for a further 31%.

China, with a CAGR of +7.7%, recorded the highest growth rate of 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

In 2022, the average tap and valve export price amounted to $X per ton, increasing by 2.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 7%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Romania ($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 the United States (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Denmark

In 2022, approx. X tons of taps, cocks, valves and similar appliances were imported into Denmark; growing by 4.7% against 2021 figures. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 21%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, tap and valve imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 13%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest tap and valve supplier to Denmark, accounting for a 36% share of total imports. Moreover, tap and valve imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.2% per year) and Italy (+1.3% per year).

In value terms, Germany ($X), China ($X) and Poland ($X) constituted the largest tap and valve suppliers to Denmark, together accounting for 55% of total imports. Italy, Slovenia, Sweden, Bulgaria, France and Spain lagged somewhat behind, together comprising a further 28%.

Bulgaria, with a CAGR of +15.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tap and valve import price stood at $X per ton in 2022, rising by 3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 16%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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