Romania: Tap And Valve Market 2024

Tap And Valve Market Size in Romania

In 2023, the Romanian tap and valve market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a slight slump. Tap and valve consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Tap And Valve Production in Romania

In value terms, tap and valve production fell to $X in 2023 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production reached the peak level at $X in 2022, and then reduced modestly in the following year.

Tap And Valve Exports

Exports from Romania

In 2023, shipments abroad of taps, cocks, valves and similar appliances increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, tap and valve exports rose markedly to $X in 2023. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons), the United States (X tons) and Saudi Arabia (X tons) were the main destinations of tap and valve exports from Romania, with a combined X% share of total exports. Italy, France, Kuwait, Turkey, Iraq, Hungary, Canada, the UK, Oman and Slovakia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tap and valve exported from Romania were Germany ($X), Saudi Arabia ($X) and the United States ($X), together accounting for X% of total exports. Italy, the UK, Turkey, France, Iraq, Hungary, Kuwait, Slovakia, Canada and Oman lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Iraq, with a CAGR of X%, recorded 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

The average tap and valve export price stood at $X per ton in 2023, standing approx. at the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Romania

After five years of growth, overseas purchases of taps, cocks, valves and similar appliances decreased by X% to X tons in 2023. In general, total imports indicated noticeable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2022, and then dropped in the following year.

In value terms, tap and valve imports rose markedly to $X in 2023. Overall, total imports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of tap and valve imports to Romania, with a combined X% share of total imports. Poland, France, Turkey, the Czech Republic, Austria, Slovenia, Spain, Belgium, Hungary and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) constituted the largest tap and valve suppliers to Romania, together accounting for X% of total imports. Poland, France, the Czech Republic, Austria, Turkey, Hungary, Belgium, Slovenia, Spain and Denmark lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the average tap and valve import price amounted to $X per ton, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform