Germany: Tap And Valve Market 2024

Tap And Valve Market Size in Germany

In 2022, the German tap and valve market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate a slight decline. Tap and valve consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Tap And Valve Production in Germany

In value terms, tap and valve production rose sharply to $X in 2022 estimated in export price. In general, production recorded a slight descent. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Tap And Valve Exports

Exports from Germany

In 2022, approx. X tons of taps, cocks, valves and similar appliances were exported from Germany; approximately mirroring the year before. The total export volume 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 in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, tap and valve exports fell modestly to $X in 2022. The total export value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

China (X tons), France (X tons) and the United States (X tons) were the main destinations of tap and valve exports from Germany, together accounting for 27% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +4.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and France ($X) were the largest markets for tap and valve exported from Germany worldwide, with a combined 29% share of total exports. These countries were followed by Italy, Austria, the Netherlands, Poland, the UK, Switzerland, Belgium, the Czech Republic, Spain and Turkey, which together accounted for a further 38%.

Among the main countries of destination, Poland, with a CAGR of +8.1%, recorded 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 average tap and valve export price amounted to $X per ton, reducing by -4.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($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 Poland (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Germany

In 2022, overseas purchases of taps, cocks, valves and similar appliances increased by 2% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, tap and valve imports reached $X in 2022. The total import value increased at an average annual rate of +3.8% over the period 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 2021 with an increase of 22%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of tap and valve imports to Germany, together comprising 47% of total imports. These countries were followed by Hungary, the Czech Republic, Portugal, Thailand, France, Switzerland, the United States, Denmark, the Netherlands and Austria, which together accounted for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +6.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tap and valve suppliers to Germany were China ($X), the United States ($X) and Italy ($X), with a combined 37% share of total imports.

China, with a CAGR of +8.0%, saw the highest growth rate of the value of imports, in terms of 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, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 12%. The import price peaked at $X per ton in 2021, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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