France: Tap And Valve Market 2024

Tap And Valve Market Size in France

The French tap and valve market totaled $X in 2022, picking up by 13% against the previous year. Overall, the total consumption indicated mild 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, consumption decreased by -0.7% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; afterwards, it flattened through to 2022.

Tap And Valve Production in France

In value terms, tap and valve production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Tap And Valve Exports

Exports from France

For the third year in a row, France recorded decline in overseas shipments of taps, cocks, valves and similar appliances, which decreased by -5.6% to X tons in 2022. In general, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2014 when exports increased by 12%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, tap and valve exports declined slightly to $X in 2022. Over the period under review, exports showed a mild decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 8.5% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of tap and valve exports from France, together accounting for 27% of total exports. Italy, the UK, Morocco, China, the United States, South Korea, Algeria, the Netherlands, Turkey and Poland lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +5.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) constituted the largest markets for tap and valve exported from France worldwide, together accounting for 31% of total exports. These countries were followed by the UK, Belgium, Spain, Italy, South Korea, the Netherlands, Morocco, Poland, Turkey and Algeria, which together accounted for a further 34%.

Morocco, with a CAGR of +5.2%, saw 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

The average tap and valve export price stood at $X per ton in 2022, increasing by 2.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 an increase of 13%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Algeria ($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 UK (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into France

In 2022, imports of taps, cocks, valves and similar appliances into France contracted to X tons, shrinking by -5.5% against the previous year's figure. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, tap and valve imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.4% 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

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of tap and valve imports to France, with a combined 71% share of total imports. Spain, Belgium, Denmark, the Netherlands, the UK and the United States lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +4.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tap and valve suppliers to France were Germany ($X), Italy ($X) and China ($X), together accounting for 57% of total imports. The United States, Spain, Belgium, the UK, Denmark and the Netherlands lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Belgium, with a CAGR of +14.7%, 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, almost unchanged from the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 13%. The import price peaked at $X per ton in 2021, and then contracted 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 the UK (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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