Sweden: Tap And Valve Market 2024

Tap And Valve Market Size in Sweden

In 2022, the Swedish tap and valve market increased by 8.8% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Tap and valve consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Tap And Valve Production in Sweden

In value terms, tap and valve production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt descent. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tap And Valve Exports

Exports from Sweden

Tap and valve exports from Sweden reached X tons in 2022, picking up by 2.9% on the previous year's figure. Overall, exports, however, showed a slight descent. The pace of growth appeared the most rapid in 2021 when exports increased by 5%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tap and valve exports declined to $X in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Norway (X tons), Poland (X tons) and Germany (X tons) were the main destinations of tap and valve exports from Sweden, together accounting for 34% 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 Poland (with a CAGR of +10.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tap and valve exported from Sweden were Germany ($X), Norway ($X) and the United States ($X), together comprising 31% of total exports. These countries were followed by China, Finland, Poland, Denmark, Austria, the UK, France, Spain, Switzerland and Brazil, which together accounted for a further 42%.

Austria, with a CAGR of +9.5%, 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

In 2022, the average tap and valve export price amounted to $X per ton, which is down by -3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2013 when the average export price increased by 11%. The export price peaked at $X per ton in 2021, and then dropped modestly 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 China (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Sweden

In 2022, imports of taps, cocks, valves and similar appliances into Sweden reached X tons, approximately mirroring 2021. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, tap and valve imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Germany (X tons), China (X tons) and Denmark (X tons) were the main suppliers of tap and valve imports to Sweden, with a combined 51% share of total imports. Italy, Poland, Finland, the Czech Republic, the United States, the UK, Spain, France, Austria and Norway lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +9.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of taps, cocks, valves and similar appliances to Sweden, comprising 27% of total imports. The second position in the ranking was held by Denmark ($X), with a 10% share of total imports. It was followed by Italy, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+3.1% per year) and Italy (+2.1% per year).

Import Prices by Country

In 2022, the average tap and valve import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 16%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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