Egypt: Tap And Valve Market 2024

Tap And Valve Market Size in Egypt

In 2022, after four years of decline, there was significant growth in the Egyptian tap and valve market, when its value increased by 9.7% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Tap and valve consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Tap And Valve Exports

Exports from Egypt

In 2022, after three years of growth, there was significant decline in shipments abroad of taps, cocks, valves and similar appliances, when their volume decreased by -35.9% to X tons. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 270%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, tap and valve exports declined remarkably to $X in 2022. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Iraq (X tons), Spain (X tons) and Saudi Arabia (X tons) were the main destinations of tap and valve exports from Egypt, together comprising 76% of total exports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +323.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tap and valve exported from Egypt were Iraq ($X), Spain ($X) and South Korea ($X), with a combined 71% share of total exports.

Among the main countries of destination, Iraq, with a CAGR of +375.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tap and valve export price stood at $X per ton in 2022, reducing by -3.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 181%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Saudi Arabia ($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 Algeria (+57.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Egypt

After five years of decline, overseas purchases of taps, cocks, valves and similar appliances increased by 20% to X tons in 2022. Overall, imports, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2016 when imports increased by 47% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, tap and valve imports expanded significantly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of tap and valve imports to Egypt, together accounting for 72% of total imports. Spain, the United States, Poland, the United Arab Emirates, India, the UK, Thailand and Germany lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +10.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tap and valve suppliers to Egypt were China ($X), Italy ($X) and Turkey ($X), together accounting for 59% of total imports. The United States, Spain, Germany, the United Arab Emirates, Thailand, the UK, India and Poland lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, Poland, with a CAGR of +15.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tap and valve import price amounted to $X per ton, dropping by -10.7% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 import price increased by +104.3% against 2016 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

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 Thailand (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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