SADC: Tap And Valve Market 2024

Tap And Valve Market Size in SADC

In 2023, after three years of growth, there was decline in the SADC tap and valve market, when its value decreased by X% to $X. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Tap And Valve Production in SADC

In value terms, tap and valve production rose slightly to $X in 2023 estimated in export price. The total production indicated measured 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Tap And Valve Exports

Exports in SADC

In 2023, after two years of growth, there was decline in overseas shipments of taps, cocks, valves and similar appliances, when their volume decreased by X% to X tons. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, tap and valve exports expanded modestly to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, accounting for X tons, which was near X% of total exports in 2023. Angola (X tons) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of taps, cocks, valves and similar appliances. Angola (X%) illustrated a downward trend over the same period. South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest tap and valve supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with a X% share of total exports.

In South Africa, tap and valve exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Angola ($X per ton), while South Africa amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Tap And Valve Imports

Imports in SADC

After five years of growth, overseas purchases of taps, cocks, valves and similar appliances decreased by X% to X tons in 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then declined in the following year.

In value terms, tap and valve imports contracted slightly to $X in 2023. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the key importer of taps, cocks, valves and similar appliances in SADC, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. Angola (X tons) took the second position in the ranking, followed by Tanzania (X tons), Democratic Republic of the Congo (X tons) and Mozambique (X tons). All these countries together held near X% share of total imports. Zimbabwe (X tons), Zambia (X tons), Botswana (X tons), Namibia (X tons) and Madagascar (X tons) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of taps, cocks, valves and similar appliances. At the same time, Mozambique (X%), Zimbabwe (X%), Tanzania (X%), Democratic Republic of the Congo (X%), Botswana (X%) and Madagascar (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Namibia and Zambia experienced a relatively flat trend pattern. By contrast, Angola (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Tanzania, Mozambique, Democratic Republic of the Congo and Zimbabwe increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported taps, cocks, valves and similar appliances in SADC, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, almost unchanged from the previous year. In general, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform