Southern Asia: Tap And Valve Market 2024

Tap And Valve Market Size in Southern Asia

In 2022, after eight years of growth, there was decline in the South Asian tap and valve market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate buoyant growth. The level of consumption peaked at $X in 2021, and then contracted modestly in the following year.

Tap And Valve Production in Southern Asia

In value terms, tap and valve production rose to $X in 2022 estimated in export price. Overall, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tap And Valve Exports

Exports in Southern Asia

In 2022, shipments abroad of taps, cocks, valves and similar appliances increased by X% to X tons, rising for the second consecutive year after two years of decline. 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 growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, tap and valve exports expanded markedly 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 in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from India (X tons), together accounting for X% of total export.

India 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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest tap and valve supplier in Southern Asia.

In India, tap and valve exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Tap And Valve Imports

Imports in Southern Asia

Tap and valve imports rose to X tons in 2022, increasing by X% on the previous year. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, tap and valve imports expanded modestly to $X in 2022. Overall, imports saw a prominent expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) represented the key importer of taps, cocks, valves and similar appliances, committing X% of total imports. It was distantly followed by Bangladesh (X tons), mixing up a X% share of total imports. Sri Lanka (X tons), Nepal (X tons) and Pakistan (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Nepal (X%), Bangladesh (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.) and Nepal (X p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka, Pakistan and India saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported taps, cocks, valves and similar appliances in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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