U.S.: Market for Plumbing Fixture Fittings And Trims 2024

Market Size for Plumbing Fixture Fittings And Trims in the U.S.

In 2023, the U.S. market for plumbing fixture fittings and trims decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2022, and then dropped in the following year.

Production of Plumbing Fixture Fittings And Trims in the U.S.

In value terms, plumbing fixture fitting and trim production reduced modestly to $X in 2023. Over the period under review, the total production indicated a temperate increase from 2013 to 2023: 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 2023 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Plumbing fixture fitting and trim production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

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Exports of Plumbing Fixture Fittings And Trims

Exports from the U.S.

In 2023, overseas shipments of plumbing fixture fittings and trims decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, plumbing fixture fitting and trim exports reached $X in 2023. The total export value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Mexico (X tons), Canada (X tons) and Bahamas (X tons) were the main destinations of plumbing fixture fitting and trim exports from the United States, together accounting for X% of total exports. Germany, China and Barbados lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for plumbing fixture fitting and trim exported from the United States were Mexico ($X), Canada ($X) and Germany ($X), with a combined X% share of total exports.

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

Export Prices by Country

The average export price for plumbing fixture fittings and trims stood at $X per ton in 2023, increasing by X% against the previous year. In general, export price indicated buoyant growth from 2013 to 2023: its price 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 2023 figures, plumbing fixture fitting and trim export price increased by X% against 2021 indices. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Bahamas ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Barbados (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plumbing Fixture Fittings And Trims

Imports into the U.S.

In 2023, purchases abroad of plumbing fixture fittings and trims decreased by X% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, plumbing fixture fitting and trim imports dropped notably to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2013 to 2023; 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 imports increased by X%. Over the period under review, imports attained the maximum at $X in 2022, and then shrank dramatically in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of plumbing fixture fitting and trim to the United States, with a X% share of total imports. Moreover, plumbing fixture fitting and trim imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2013 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of plumbing fixture fittings and trims to the United States, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Vietnam, with an X% share.

From 2013 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average import price for plumbing fixture fittings and trims stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

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

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform