Latin America and the Caribbean: Tap And Valve Market 2024

Tap And Valve Market Size in Latin America and the Caribbean

In 2022, the Latin American tap and valve market increased by X% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Tap And Valve Production in Latin America and the Caribbean

In value terms, tap and valve production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild decrease. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Tap And Valve Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of taps, cocks, valves and similar appliances were exported in Latin America and the Caribbean; rising by X% on 2021 figures. Overall, exports saw a pronounced expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, tap and valve exports rose remarkably to $X in 2022. The total export 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Mexico prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Brazil (X tons), constituting a X% share of total exports. Argentina (X tons) took a minor share of total exports.

Mexico was also the fastest-growing in terms of the taps, cocks, valves and similar appliances exports, with a CAGR of X% from 2012 to 2022. Argentina and Brazil experienced a relatively flat trend pattern. While the share of Mexico (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) and Brazil (X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest tap and valve supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price saw a mild contraction. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the export price figures.

Tap And Valve Imports

Imports in Latin America and the Caribbean

In 2022, the amount of taps, cocks, valves and similar appliances imported in Latin America and the Caribbean rose sharply to X tons, growing by X% compared with the previous year's figure. The total import 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 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, tap and valve imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Mexico was the main importer of taps, cocks, valves and similar appliances in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Brazil (X tons) ranks second in terms of the total imports with an X% share, followed by Argentina (X%), Chile (X%), Colombia (X%) and Peru (X%). Bolivia (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tap and valve imports into Mexico stood at X%. At the same time, Bolivia (X%), Brazil (X%), Argentina (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Bolivia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

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

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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