Philippines - Taps, Cocks, Valves And Similar Appliances - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTap and Valve Price in the Philippines - 2023
Contents:
- Tap and Valve Price in the Philippines (CIF) - 2022
- Tap and Valve Price in the Philippines (FOB) - 2022
- Tap and Valve Imports in the Philippines
- Tap and Valve Exports in the Philippines
Tap and Valve Price in the Philippines (CIF) - 2022
In 2022, the average tap and valve import price amounted to $30,280 per ton, surging by 20% against the previous year. Overall, the import price showed a buoyant increase. The growth pace was the most rapid in 2019 when the average import price increased by 123%. The import price peaked at $32,518 per ton in 2020; however, from 2021 to 2022, 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 Japan ($33,671 per ton), while the price for the United Arab Emirates ($11,069 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Tap and Valve Price in the Philippines (FOB) - 2022
The average tap and valve export price stood at $42,159 per ton in 2022, picking up by 5.5% against the previous year. Over the period under review, the export price posted a significant increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 304% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($69,716 per ton), while the average price for exports to Vietnam ($37,587 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 Japan (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.
Tap and Valve Imports in the Philippines
In 2022, the amount of taps, cocks, valves and similar appliances imported into the Philippines shrank to 6.9K tons, which is down by -10.9% on the previous year's figure. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 38%.
In value terms, tap and valve imports rose rapidly to $208M in 2022. In general, imports continue to indicate a perceptible slump.
| Import of Tap and Valve in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 74.0 | 51.1 | 59.6 | 68.8 | -2.4% |
| Japan | 37.9 | 31.6 | 27.8 | 27.5 | -10.1% |
| United States | 19.3 | 16.7 | 14.6 | 18.2 | -1.9% |
| Singapore | 21.3 | 15.4 | 17.6 | 13.0 | -15.2% |
| Germany | 14.7 | 12.2 | 11.1 | 9.9 | -12.3% |
| Thailand | 9.5 | 6.3 | 8.7 | 9.1 | -1.4% |
| South Korea | 11.0 | 6.4 | 5.8 | 7.0 | -14.0% |
| Italy | 4.8 | 4.5 | 4.3 | 6.7 | 11.8% |
| India | 6.7 | 4.3 | 3.0 | 5.8 | -4.7% |
| Malaysia | 5.5 | 3.0 | 5.1 | 5.6 | 0.6% |
| Taiwan (Chinese) | 4.4 | 6.1 | 5.5 | 4.9 | 3.7% |
| Netherlands | 3.5 | 2.9 | 2.0 | 4.3 | 7.1% |
| United Arab Emirates | 1.2 | 0.8 | 2.6 | 1.8 | 14.5% |
| Others | 28.0 | 20.8 | 26.6 | 25.3 | -3.3% |
| Total | 242 | 182 | 194 | 208 | -4.9% |
Top Suppliers of Tap and Valve to the Philippines in 2022:
- China (2320.8 tons)
- Japan (815.4 tons)
- United States (573.7 tons)
- Singapore (420.5 tons)
- Thailand (309.7 tons)
- Germany (304.7 tons)
- South Korea (237.7 tons)
- Italy (226.4 tons)
- India (206.5 tons)
- Malaysia (186.9 tons)
- Taiwan (Chinese) (170.2 tons)
- United Arab Emirates (159.7 tons)
- Netherlands (140.3 tons)
Tap and Valve Exports in the Philippines
In 2022, shipments abroad of taps, cocks, valves and similar appliances decreased by -27.6% to 2.3K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 45%. As a result, the exports reached the peak of 12K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, tap and valve exports reduced rapidly to $97M in 2022. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. As a result, the exports reached the peak of $425M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Tap and Valve in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 82.7 | 235 | 74.8 | 41.1 | -20.8% |
| Japan | 9.3 | 12.0 | 11.7 | 13.3 | 12.7% |
| United Kingdom | 5.3 | 3.1 | 5.2 | 11.8 | 30.6% |
| China | 89.9 | 102 | 12.0 | 9.0 | -53.6% |
| Taiwan (Chinese) | 7.7 | 18.2 | 9.5 | 6.2 | -7.0% |
| United States | 4.0 | 3.7 | 4.7 | 5.6 | 11.9% |
| Australia | 3.9 | 2.2 | 2.7 | 2.5 | -13.8% |
| South Korea | 42.0 | 20.1 | 0.5 | 1.6 | -66.4% |
| Hong Kong SAR | 28.5 | 25.1 | 0.9 | 0.5 | -74.0% |
| Others | 8.8 | 3.7 | 5.0 | 5.4 | -15.0% |
| Total | 282 | 425 | 127 | 96.9 | -30.0% |
Top Export Markets for Tap and Valve from the Philippines in 2022:
- Vietnam (1093.2 tons)
- Japan (339.3 tons)
- China (221.8 tons)
- United Kingdom (169.8 tons)
- Taiwan (Chinese) (164.8 tons)
- United States (86.3 tons)
- Australia (62.5 tons)
- South Korea (40.3 tons)
- Hong Kong SAR (13.0 tons)
This report provides an in-depth analysis of the tap and valve market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28121420 - Pneumatic filters, regulators and lubricators
- Prodcom 28121450 - Valves for the control of oleohydraulic power transmission for pipes, boiler shells, tanks, vats and the like
- Prodcom 28121480 - Valves for the control of pneumatic power transmission for pipes, boiler shells, tanks, vats and the like
- Prodcom 28141120 - Pressure-reducing valves of cast iron or steel, for pipes, b oiler shells, tanks, vats and the like (excluding those combined with lubricators or filters)
- Prodcom 28141140 - Pressure-reducing valves for pipes, boiler shells, tanks, vats and the like (excluding of cast iron or steel, those combined with filters or lubricators)
- Prodcom 28141160 - Check valves for pipes, boiler shells, tanks, vats and the like
- Prodcom 28141170 - Valves for pneumatic tyres and inner-tubes
- Prodcom 28141180 - Safety or relief valves for pipes, boiler shells, tanks, vats and the like
- Prodcom 28141233 - Mixing valves for sinks, wash basins, bidets, water cisterns etc. excluding valves for pressure-reducing or oleohydraulic/pneumatic power transmissions, check valves, s afety/relief valves
- Prodcom 28141235 - Taps, cocks and valves for sinks, wash basins, bidets, water cisterns etc. excluding valves for pressurereducing/ oleohydraulic transmissions, check, safety, relief and mixing valves
- Prodcom 28141253 - Central heating radiator thermostatic valves
- Prodcom 28141255 - Central heating radiator valves, other
- Prodcom 28141313 - Other process control valves, temperature regulators
- Prodcom 28141315 - Process control valves for pipes, boiler shells, tanks etc. excluding valves for pressure-reducing or oleohydraulic/pneumatic power transmissions, check, s afety/relief valves, temp. regulators
- Prodcom 28141333 - Other gate valves, of cast iron
- Prodcom 28141335 - Other gate valves, of steel
- Prodcom 28141337 - Other gate valves, other
- Prodcom 28141353 - Globe valves, of cast iron
- Prodcom 28141355 - Globe valves, of steel
- Prodcom 28141357 - Other globe valves
- Prodcom 28141373 - Ball and plug valves
- Prodcom 28141375 - Butterfly valves
- Prodcom 28141377 - Diaphragm valves
- Prodcom 28141380 - Other appliances
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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