Estonia: Tap And Valve Market 2024

Tap And Valve Market Size in Estonia

The Estonian tap and valve market stood at $X in 2023, rising by X% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2023: 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 2023 figures, consumption increased by X% against 2015 indices. Tap and valve consumption peaked in 2023 and is expected to retain growth in the near future.

Tap And Valve Production in Estonia

In value terms, tap and valve production fell to $X in 2023 estimated in export price. In general, production, however, saw buoyant growth. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2022, and then shrank in the following year.

Tap And Valve Exports

Exports from Estonia

In 2023, approx. X tons of taps, cocks, valves and similar appliances were exported from Estonia; waning by X% against the previous year's figure. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, tap and valve exports dropped sharply to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2022, and then fell dramatically in the following year.

Exports by Country

Russia (X tons), Finland (X tons) and Lithuania (X tons) were the main destinations of tap and valve exports from Estonia, together accounting for X% of total exports. Poland, Germany, Latvia, Denmark, Indonesia, Norway, Sweden, Switzerland, Ukraine and Belarus lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual rate of growth in terms of value to Finland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average tap and valve export price amounted to $X per ton, surging by X% against the previous year. In general, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Estonia

In 2023, approx. X tons of taps, cocks, valves and similar appliances were imported into Estonia; dropping by X% compared with the previous year. In general, imports saw a pronounced shrinkage. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports failed to regain momentum.

In value terms, tap and valve imports reduced to $X in 2023. Overall, total imports indicated a pronounced increase from 2012 to 2023: 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 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of tap and valve imports to Estonia, together comprising X% of total imports. Finland, Poland, Lithuania, Spain, Belgium, Hungary, Sweden, Denmark, Latvia and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Finland ($X) and Italy ($X) were the largest tap and valve suppliers to Estonia, together comprising X% of total imports. Sweden, China, Poland, Lithuania, Spain, Denmark, Latvia, Belgium, the United States and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average tap and valve import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated buoyant growth from 2012 to 2023: its price 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 2023 figures, tap and valve import price increased by X% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform