Kazakhstan: Tap And Valve Market 2024

Tap And Valve Market Size in Kazakhstan

The Kazakh tap and valve market fell to $X in 2022, which is down by -7.1% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Tap And Valve Production in Kazakhstan

In value terms, tap and valve production declined to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth was the most pronounced in 2018 when the production volume increased by 39%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tap And Valve Exports

Exports from Kazakhstan

In 2022, exports of taps, cocks, valves and similar appliances from Kazakhstan contracted to X tons, reducing by -12.7% on 2021. Overall, exports showed a sharp slump. The most prominent rate of growth was recorded in 2016 when exports increased by 153% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tap and valve exports reduced to $X in 2022. Over the period under review, exports saw a dramatic downturn. The pace of growth was the most pronounced in 2019 with an increase of 99% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for tap and valve exports from Kazakhstan, accounting for a 85% share of total exports. Moreover, tap and valve exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), more than tenfold. The third position in this ranking was held by Uzbekistan (X tons), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at -32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (-1.9% per year) and Uzbekistan (-12.9% per year).

In value terms, Russia ($X) remains the key foreign market for taps, cocks, valves and similar appliances exports from Kazakhstan, comprising 62% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Uzbekistan, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled -31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-29.3% per year) and Uzbekistan (-8.1% per year).

Export Prices by Country

The average tap and valve export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 41% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while the average price for exports to Kyrgyzstan ($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 United States (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Kazakhstan

In 2022, the amount of taps, cocks, valves and similar appliances imported into Kazakhstan contracted to X tons, declining by -6.9% compared with the previous year's figure. Overall, imports showed a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 26%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, tap and valve imports declined to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Russia (X tons), China (X tons) and South Korea (X tons) were the main suppliers of tap and valve imports to Kazakhstan, together accounting for 77% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +47.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest tap and valve suppliers to Kazakhstan were South Korea ($X), Italy ($X) and Russia ($X), together comprising 61% of total imports.

South Korea, with a CAGR of +56.1%, recorded the highest rates of growth with regard to the value of imports, among 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, flattening at the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 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 South Korea (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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