United Arab Emirates: Tap And Valve Market 2024

Tap And Valve Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of taps, cocks, valves and similar appliances increased by 0.5% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +8.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 71%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, tap and valve exports rose remarkably to $X in 2022. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 108%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), the United States (X tons) and Niger (X tons) were the main destinations of tap and valve exports from the United Arab Emirates, with a combined 41% share of total exports. These countries were followed by Rwanda, Egypt, Tanzania, Mozambique, Germany, China, the UK, Uzbekistan, Norway and the Philippines, which together accounted for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +242.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the United States ($X) and Egypt ($X) appeared to be the largest markets for tap and valve exported from the United Arab Emirates worldwide, with a combined 46% share of total exports. Niger, China, Norway, Germany, Uzbekistan, the Philippines, the UK, Mozambique, Rwanda and Tanzania lagged somewhat behind, together comprising a further 29%.

Among the main countries of destination, Norway, with a CAGR of +178.5%, saw the highest rates of growth with regard to the value of exports, 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, surging by 6.2% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 31% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Rwanda ($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 Uzbekistan (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into the United Arab Emirates

After three years of growth, overseas purchases of taps, cocks, valves and similar appliances decreased by -11.1% to X tons in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, tap and valve imports shrank to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest tap and valve supplier to the United Arab Emirates, accounting for a 53% share of total imports. Moreover, tap and valve imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. India (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.2% per year) and India (-2.5% per year).

In value terms, China ($X) constituted the largest supplier of taps, cocks, valves and similar appliances to the United Arab Emirates, comprising 26% of total imports. The second position in the ranking was taken by Italy ($X), with a 10% share of total imports. It was followed by Germany, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.6% per year) and Germany (+2.0% per year).

Import Prices by Country

The average tap and valve import price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 51% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 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 France (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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