Estonia: Tap And Valve Market 2020

Tap And Valve Market Size in Estonia

The revenue of the tap and valve market in Estonia amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, tap and valve consumption, however, continues to indicate a measured contraction. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Estonia tap and valve consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Tap And Valve Production in Estonia

In value terms, tap and valve production amounted to $X in 2018 estimated in export prices. In general, tap and valve production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when production volume increased by X% year-to-year. In that year, tap and valve production attained its peak level of $X. From 2014 to 2018, tap and valve production growth failed to regain its momentum.

Tap And Valve Exports

Exports from Estonia

In 2018, approx. X tons of taps, cocks, valves and similar appliances were exported from Estonia; dropping by -X% against the previous year. Overall, the total exports indicated moderate growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tap and valve exports decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, tap and valve exports reached their peak figure at X tons in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

In value terms, tap and valve exports amounted to $X in 2018. Over the period under review, tap and valve exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Estonia exports peaked at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X tons) represented the key exporter of taps, cocks, valves and similar appliances, creating X% of total exports. Italy (X tons) took the second position in the ranking, followed by Germany (X tons). All these countries together occupied approx. X% share of total exports. The U.S. (X tons), Mexico (X tons), Japan (X tons), Spain (X tons), India (X tons), the Czech Republic (X tons), France (X tons), the UK (X tons) and South Korea (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the taps, cocks, valves and similar appliances exports, with a CAGR of +X% from 2007 to 2018. At the same time, the Czech Republic (+X%), India (+X%) and Germany (+X%) displayed positive paces of growth. Mexico, Spain and Italy experienced a relatively flat trend pattern. By contrast, South Korea (-X%), France (-X%), the UK (-X%), Japan (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Japan (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the U.S. ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Italy, Japan, Mexico, the UK, France, the Czech Republic, South Korea, Spain, India and Estonia, which together accounted for a further X the main exporting countries, the Czech Republic recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The tap and valve export price in Estonia stood at $X per ton in 2018, surging by X% against the previous year. In general, the export price indicated a buoyant expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tap and valve export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2017 when the export price increased by X% year-to-year. Over the period under review, the export prices for taps, cocks, valves and similar appliances reached their maximum in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Tap And Valve Imports

Imports into Estonia

In 2018, the amount of taps, cocks, valves and similar appliances imported into Estonia stood at X tons, jumping by X% against the previous year. In general, tap and valve imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Estonia imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, tap and valve imports stood at $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, tap and valve imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), China (X tons), Mexico (X tons) and Russia (X tons) were the main importers of taps, cocks, valves and similar appliances, together generating X% of total imports. The following importers - France (X tons), the UK (X tons), Canada (X tons), Saudi Arabia (X tons), South Korea (X tons), the United Arab Emirates (X tons) and Spain (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to tap and valve imports into the U.S. stood at +X%. At the same time, Mexico (+X%), Russia (+X%), the United Arab Emirates (+X%), China (+X%), Germany (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France, Canada, Saudi Arabia, the UK and Spain experienced a relatively flat trend pattern. While the share of the U.S. (+X p.p.), Mexico (+X p.p.) and Russia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tap and valve importing markets into Estonia were the U.S. ($X), China ($X) and Germany ($X), with a combined X% share of total imports.

China experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The tap and valve import price in Estonia stood at $X per ton in 2018, increasing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 when the import price increased by X% year-to-year. Estonia import price peaked at $X per ton in 2009; however, from 2010 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform