Which Country Exports the Most Taps, Cocks, Valves and Similar Appliances in the World?

Fluid Power Equipment May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, the amount of tap and valve exported worldwide totaled 3.2M tonnes, stabilizing at the previous year level. In general, tap and valve exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when export increased by 43% against the previous year level. Over the period under review, global tap and valve exports attained its maximum volume of 4M tonnes in 2013; however, from 2014 to 2016, it stood at a somewhat lower level.

In value terms, tap and valve exports totaled $79B in 2016. The total export value increased at an average annual rate of +2.8% from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations in certain years. Global tap and valve export peaked of $90B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

Top Tap And Valve Exporting Countries in the World

1. China (13.4 billion USD)

2. Germany (11.2 billion USD)

3. USA (11.1 billion USD)

4. Italy (7.2 billion USD)

5. Japan (4.2 billion USD)

6. United Kingdom (3.1 billion USD)

7. France (2.6 billion USD)

8. Mexico (2.4 billion USD)

9. South Korea (2.1 billion USD)

10. Spain (1.3 billion USD)

11. Czech Republic (1.3 billion USD)

12. India (1.1 billion USD)

Tap And Valve Exports By Country

In 2016, China (793K tonnes), distantly followed by Italy (398K tonnes), the U.S. (312K tonnes), and Germany (292K tonnes) represented the largest exporters of tap and valve, together constituting 55% of total exports. The following exporters - Mexico (124K tonnes), South Korea (105K tonnes), Japan (100K tonnes), the UK (92K tonnes), India (85K tonnes), France (79K tonnes), Spain (77K tonnes), and Czech Republic (69K tonnes) together made up 23% of total exports.

From 2007 to 2016, the most notable growth rate of tap and valve exports, among the main exporting countries, was attained by the U.S. (+5.9% per year), while the other global leaders experienced more modest paces of growth.

In value terms, China ($13B), Germany ($11B) and the U.S. ($11B) were the countries with the highest levels of exports in 2016, together accounting for 45% of global exports.Italy, Japan, the UK, France, Mexico, South Korea, Spain, Czech Republic and India lagged somewhat behind, together accounting for a further 32%.

India (+9.0% per year) had the highest growth rate of tap and valve exports, among the main exporting countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Tap And Valve Export Prices By Country

The average tap and valve export price stood at $24 per kg in 2016, dropping by -4.2% against the previous year. Over the period from 2007 to 2016 it increased at an average annual rate of +1.9%.The growth pace was the most rapid in 2014, an increase of 25% y-o-y. In that year, average tap and valve export price reached its maximum level of $27 per kg. From 2015 to 2016, growth of average tap and valve export price stood at a somewhat lower level.

There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was Japan ($42 per kg), while India ($13 per kg) was among the lowest.

From 2007 to 2016, the most notable growth rate of tap and valve export prices was attained by South Korea (+6.8% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global tap and valve market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • tap and valve market share
  • tap and valve prices
  • tap and valve industry
  • tap and valve sales
  • tap and valve import
  • tap and valve export
  • tap and valve market forecast
  • tap and valve price forecast
  • key tap and valve producers

All data provided in this article covers the following product: HS Code 8481 - Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, including pressure-reducing valves and thermostatically controlled valves.

Source: World: Taps, Cocks, Valves And Similar Appliances - Market Report. Analysis and Forecast to 2025