Switzerland: Tap And Valve Market 2024

Tap And Valve Market Size in Switzerland

The Swiss tap and valve market declined to $X in 2022, approximately reflecting the previous year. Overall, consumption, however, continues to indicate prominent growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Tap And Valve Production in Switzerland

In value terms, tap and valve production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 116%. Tap and valve production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Tap And Valve Exports

Exports from Switzerland

After two years of growth, shipments abroad of taps, cocks, valves and similar appliances decreased by -5.5% to X tons in 2022. The total export volume increased at an average annual rate of +2.0% 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 2017 with an increase of 24%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, tap and valve exports dropped rapidly to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 24% against the previous year. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Germany (X tons) was the main destination for tap and valve exports from Switzerland, accounting for a 34% share of total exports. Moreover, tap and valve exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold. China (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.0% per year) and China (+8.1% per year).

In value terms, Germany ($X) remains the key foreign market for taps, cocks, valves and similar appliances exports from Switzerland, comprising 30% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.0% per year) and China (+9.5% per year).

Export Prices by Country

In 2022, the average tap and valve export price amounted to $X per ton, falling by -20.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 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 contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 Austria (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Switzerland

In 2022, purchases abroad of taps, cocks, valves and similar appliances increased by 1.6% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 77%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, tap and valve imports reached $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main suppliers of tap and valve imports to Switzerland, with a combined 74% share of total imports. These countries were followed by Austria, France, Spain, Poland, the Czech Republic, Denmark and Taiwan (Chinese), which together accounted for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of taps, cocks, valves and similar appliances to Switzerland, comprising 44% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by China, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.4% per year) and China (+10.4% per year).

Import Prices by Country

The average tap and valve import price stood at $X per ton in 2022, standing approx. at the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tap and valve import price decreased by -35.7% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 18%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, 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 France ($X per ton), while the price for Spain ($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 (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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