Lithuania: Tap And Valve Market 2020

Tap And Valve Market Size in Lithuania

The revenue of the tap and valve market in Lithuania amounted to $X in 2018, lowering by -X% against the previous year. Over the period under review, tap and valve consumption continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, the tap and valve market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Tap And Valve Production in Lithuania

In value terms, tap and valve production totaled $X in 2018 estimated in export prices. In general, tap and valve production continues to indicate a measured downturn. The growth pace was the most rapid in 2008 when production volume increased by X% y-o-y. In that year, tap and valve production reached its peak level of $X. From 2009 to 2018, tap and valve production growth remained at a somewhat lower figure.

Tap And Valve Exports

Exports from Lithuania

In 2018, the amount of taps, cocks, valves and similar appliances exported from Lithuania totaled X tons, surging by X% against the previous year. Overall, tap and valve exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, tap and valve exports attained their peak figure at X tons in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, tap and valve exports amounted to $X in 2018. In general, the total exports indicated a resilient increase from 2007 to 2018: its value 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 exports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Lithuania exports peaked in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (X tons) represented the largest exporter of taps, cocks, valves and similar appliances, generating X% of total exports. Italy (X tons) took the second position in the ranking, followed by Germany (X tons). All these countries together occupied near X% share of total exports. 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) took a relatively small 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. While the share of China (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Japan (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tap and valve markets from Lithuania were Germany ($X), China ($X) and the U.S. ($X), together comprising X% of total exports. Italy, Japan, Mexico, the UK, France, the Czech Republic, South Korea, Spain, India and Lithuania lagged somewhat behind, together comprising a further X terms of the main exporting countries, the Czech Republic recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the tap and valve export price in Lithuania amounted to $X per ton, surging by X% against the previous year. Over the period under review, the tap and valve export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. In that year, the export prices for taps, cocks, valves and similar appliances reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for taps, cocks, valves and similar appliances failed to regain its momentum.

Prices varied noticeably by the country of origin; 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 Lithuania

Tap and valve imports into Lithuania stood at X tons in 2018, rising by X% against the previous year. Overall, the total imports indicated a moderate expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tap and valve imports decreased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, tap and valve imports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, tap and valve imports amounted to $X in 2018. Overall, tap and valve imports continue to indicate buoyant growth. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, tap and valve imports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

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) represented the main importers of taps, cocks, valves and similar appliances, together constituting 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) held a little share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. 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. While the share of the U.S. (+X p.p.), Mexico (+X p.p.) and Russia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tap and valve importing markets into Lithuania were the U.S. ($X), China ($X) and Germany ($X), with a combined X% share of total imports.

China recorded 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 Lithuania stood at $X per ton in 2018, increasing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Lithuania import price peaked in 2018 and is likely to continue its growth in the immediate term.

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