Latvia: Tap And Valve Market 2020

Tap And Valve Market Size in Latvia

The revenue of the tap and valve market in Latvia amounted to $X in 2018, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, tap and valve consumption continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. In that year, the tap and valve market attained its peak level of $X. From 2013 to 2018, the growth of the tap and valve market remained at a somewhat lower figure.

Tap And Valve Exports

Exports from Latvia

Tap and valve exports from Latvia totaled X tons in 2018, dropping by -X% against the previous year. Overall, tap and valve exports continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, tap and valve exports reached their maximum at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, tap and valve exports stood at $X in 2018. Overall, tap and valve exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Latvia exports peaked at $X in 2008; however, from 2009 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X tons) was the main exporter of taps, cocks, valves and similar appliances, generating X% of total exports. Italy (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%). 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) held 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. From 2007 to 2018, the share of China increased by +X% percentage points, while Japan (-X p.p.) and the U.S. (-X p.p.) saw their share reduced. 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 Latvia, which together accounted for a further X terms of the main exporting countries, the Czech Republic experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the tap and valve export price in Latvia amounted to $X per ton, going up by X% against the previous year. Overall, the export price indicated prominent growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. 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 2012 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. In that year, the export prices for taps, cocks, valves and similar appliances attained their peak level and is likely to continue 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 Latvia

Tap and valve imports into Latvia totaled X tons in 2018, waning by -X% against the previous year. Over the period under review, tap and valve imports continue to indicate a drastic reduction. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Over the period under review, tap and valve imports reached their maximum at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, tap and valve imports totaled $X in 2018. Over the period under review, tap and valve imports continue to indicate a measured decline. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Over the period under review, tap and valve imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

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 key importers of taps, cocks, valves and similar appliances, together committing X% of total imports. 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) followed a long way behind the leaders.

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. The U.S. (+X p.p.), Mexico (+X p.p.) and Russia (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tap and valve importing markets into Latvia were the U.S. ($X), China ($X) and Germany ($X), together accounting for X% of total imports.

China experienced the highest rates of growth with regard to 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 Latvia stood at $X per ton in 2018, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Latvia import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

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