Belarus: Tap And Valve Market 2024

Tap And Valve Market Size in Belarus

The Belarusian tap and valve market contracted significantly to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tap And Valve Exports

Exports from Belarus

In 2022, overseas shipments of taps, cocks, valves and similar appliances decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, tap and valve exports skyrocketed to $X in 2022. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The United Arab Emirates (X tons) was the main destination for tap and valve exports from Belarus, with a X% share of total exports. Moreover, tap and valve exports to the United Arab Emirates exceeded the volume sent to the second major destination, Russia (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Kazakhstan (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for taps, cocks, valves and similar appliances exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average tap and valve export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price enjoyed a mild expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Russia ($X 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 Kazakhstan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Tap And Valve Imports

Imports into Belarus

In 2022, supplies from abroad of taps, cocks, valves and similar appliances decreased by X% to X tons, falling for the third consecutive year after four years of growth. Overall, imports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, tap and valve imports dropped to $X in 2022. Over the period under review, imports showed a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of tap and valve to Belarus, accounting for a X% share of total imports. It was followed by China (X tons), with a X% share of total imports. Ukraine (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Ukraine (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of taps, cocks, valves and similar appliances to Belarus, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to X.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Germany (X% per year).

Import Prices by Country

The average tap and valve import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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