Australia: Tap And Valve Market 2024

Tap And Valve Market Size in Australia

In 2023, the Australian tap and valve market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a relatively flat trend pattern. Tap and valve consumption peaked at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Tap And Valve Exports

Exports from Australia

Tap and valve exports from Australia reduced to X tons in 2023, declining by X% compared with 2022. Overall, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, tap and valve exports stood at $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X tons), New Zealand (X tons) and Papua New Guinea (X tons) were the main destinations of tap and valve exports from Australia, with a combined X% share of total exports. China, the UK, Singapore, Saudi Arabia, Indonesia, India, the Philippines, South Africa, New Caledonia and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), New Zealand ($X) and Papua New Guinea ($X) constituted the largest markets for tap and valve exported from Australia worldwide, together accounting for X% of total exports. China, the UK, Singapore, Saudi Arabia, Indonesia, India, the Philippines, Canada, New Caledonia and South Africa lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Saudi Arabia, 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 2023, the average tap and valve export price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Canada ($X per ton) and New Caledonia ($X per ton), while the average price for exports to the UK ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Tap And Valve Imports

Imports into Australia

In 2023, approx. X tons of taps, cocks, valves and similar appliances were imported into Australia; declining by X% on 2022 figures. Overall, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, tap and valve imports contracted to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of tap and valve imports to Australia, together comprising X% of total imports. Germany, the UK, Malaysia, Japan, France, India, Mexico, Taiwan (Chinese), Singapore and Indonesia lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest tap and valve suppliers to Australia, with a combined X% share of total imports. Italy, the UK, Malaysia, Japan, France, Mexico, India, Taiwan (Chinese), Singapore and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Mexico, with a CAGR of X%, saw 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

The average tap and valve import price stood at $X per ton in 2023, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Mexico ($X per ton), while the price for Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform