Eastern Europe: Tap And Valve Market 2024

Tap And Valve Market Size in Eastern Europe

In 2022, after two years of decline, there was growth in the East European tap and valve market, when its value increased by X% to $X. Over the period under review, consumption, however, continues to indicate a mild decline. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Tap And Valve Production in Eastern Europe

In value terms, tap and valve production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Tap And Valve Exports

Exports in Eastern Europe

Tap and valve exports shrank to X tons in 2022, declining by X% on 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, tap and valve exports declined to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Poland (X tons) and the Czech Republic (X tons) were the main exporters of taps, cocks, valves and similar appliances in 2022, reaching approx. X% and X% of total exports, respectively. Hungary (X tons) ranks next in terms of the total exports with a X% share, followed by Romania (X%), Russia (X%), Belarus (X%) and Bulgaria (X%).

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Hungary ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Romania, Bulgaria, Russia and Belarus lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Romania, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Tap And Valve Imports

Imports in Eastern Europe

Tap and valve imports dropped to X tons in 2022, with a decrease of X% against the previous year's figure. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, tap and valve imports reduced sharply to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of X%. The level of import peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

Russia was the major importer of taps, cocks, valves and similar appliances in Eastern Europe, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Poland (X tons) ranks second in terms of the total imports with an X% share, followed by the Czech Republic (X%), Romania (X%) and Hungary (X%). Bulgaria (X tons), Ukraine (X tons) and Slovakia (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of taps, cocks, valves and similar appliances. At the same time, Bulgaria (X%), Hungary (X%), Poland (X%), Romania (X%), the Czech Republic (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Hungary (X p.p.) and Bulgaria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ukraine (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tap and valve importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), together accounting for X% of total imports. Hungary, Romania, Slovakia, Bulgaria and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, saw a slight increase. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :