EU: Tap And Valve Market 2024

Tap And Valve Market Size in the EU

The EU tap and valve market rose sharply to $X in 2022, growing by 11% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Tap And Valve Production in the EU

In value terms, tap and valve production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight setback. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Tap And Valve Exports

Exports in the EU

Tap and valve exports contracted modestly to X tons in 2022, waning by -4.4% on 2021 figures. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 11%. As a result, the exports reached the peak of X tons, and then dropped modestly in the following year.

In value terms, tap and valve exports fell to $X in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Italy (X tons) and Germany (X tons) represented roughly 55% of total exports in 2022. Spain (X tons) ranks next in terms of the total exports with a 7.3% share, followed by Poland (6.7%), the Czech Republic (5%) and France (4.8%). Denmark (X tons), the Netherlands (X tons), Austria (X tons), Hungary (X tons), Portugal (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of +6.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) were the countries with the highest levels of exports in 2022, with a combined 65% share of total exports. The Czech Republic, Poland, Spain, Denmark, the Netherlands, Hungary, Austria, Romania and Portugal lagged somewhat behind, together accounting for a further 27%.

Among the main exporting countries, Romania, with a CAGR of +10.4%, saw the highest rates of growth with regard to 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

In 2022, the export price in the European Union amounted to $X per ton, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 when the export price increased by 7.9%. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.4%), while the other leaders experienced more modest paces of growth.

Tap And Valve Imports

Imports in the EU

In 2022, approx. X tons of taps, cocks, valves and similar appliances were imported in the European Union; falling by -2% against 2021. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 15%. As a result, imports attained the peak of X tons, and then fell slightly in the following year.

In value terms, tap and valve imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 21%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Italy (X tons), Spain (X tons), Poland (X tons) and the Netherlands (X tons) were the largest importers of taps, cocks, valves and similar appliances, together comprising 66% of total imports. Austria (X tons), Belgium (X tons), the Czech Republic (X tons), Romania (X tons), Denmark (X tons), Sweden (X tons) and Hungary (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +8.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported taps, cocks, valves and similar appliances in the European Union, comprising 26% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by Italy, with an 8.7% share.

In Germany, tap and valve imports expanded at an average annual rate of +3.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+2.4% per year) and Italy (+3.3% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 8.8%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Spain ($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 (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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