Which Country Imports the Most Taps, Cocks, Valves and Similar Appliances in the World?
Fluid Power Equipment May 28, 2018
IndexBox has just published a new report "World: Taps, Cocks, Valves And Similar Appliances - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
In 2016, the amount of tap and valve imported worldwide stood at 6.5M tonnes, flattening at the previous year level. The total import volume increased at an average annual rate of +1.3% from 2007 to 2016- the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2011, when it surged by 8% from the previous year level. Global tap and valve import peaked of 6.8M tonnes in 2014- however, from 2015 to 2016, it stood at a somewhat lower level.
In value terms, tap and valve imports stood at $82B in 2016. The total import value increased at an average annual rate of +2.8% over the period from 2007 to 2016- the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, global tap and valve imports attained its maximum level of $94B in 2014- however, from 2015 to 2016, it failed to regain its strength.
Top Tap And Valve Importing Countries in the World
1. USA (13.8 billion USD)
2. China (7.0 billion USD)
3. Germany (5.6 billion USD)
4. United Kingdom (3.2 billion USD)
5. Mexico (3.1 billion USD)
6. Canada (3.1 billion USD)
7. France (3.0 billion USD)
8. South Korea (2.3 billion USD)
9. Japan (2.2 billion USD)
10. Italy (1.9 billion USD)
11. Saudi Arabia (1.6 billion USD)
12. Russia (1.6 billion USD)
Tap And Valve Imports By Country
China (1.6M tonnes), and the U.S. (1.2M tonnes) represented roughly 43% of total imports of tap and valve in 2016. Italy (398K tonnes) held the second position in the ranking, followed by Germany (313K tonnes). All these countries together held approx. 11% share of total imports. Mexico (168K tonnes), France (151K tonnes), the UK (147K tonnes), Russia (143K tonnes), Canada (131K tonnes), Saudi Arabia (108K tonnes), South Korea (108K tonnes), and Japan (100K tonnes) followed a long way behind this figure.
From 2007 to 2016, the most notable growth rate of tap and valve imports, among the main importing countries, was attained by Canada (+4.7% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the largest tap and valve markets worldwide were the U.S. ($14B), China ($7B) and Germany ($5.6B), with a combined 32% share of global imports.
China (+7.1% per year) had the highest rates of growth with regard to the tap and valve imports, in terms of the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.
Tap And Valve Import Prices By Country
In 2016, the average import price for tap and valve amounted to $13 per kg, reducing by -4.0% against the previous year. Over the last nine years it increased at an average annual rate of +1.5%.The pace of growth was the most pronounced in 2008, when it surged by 12% y-o-y. Over the period under review, average tap and valve import price reached its maximum level of $14 per kg in 2014- however, from 2015 to 2016, it stood at a somewhat lower level.
Import prices varied noticeably by country of destination. the country with the highest import prices was Canada ($23 per kg), while China ($4,286 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of tap and valve import prices was attained by China (+6.5% 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
