France: Tap And Valve Market 2024

Tap And Valve Market Size in France

The French tap and valve market skyrocketed to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption, however, saw a noticeable curtailment. Tap and valve consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Tap And Valve Production in France

In value terms, tap and valve production surged to $X in 2023 estimated in export price. Overall, production, however, recorded a deep reduction. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Tap And Valve Exports

Exports from France

For the fourth consecutive year, France recorded decline in overseas shipments of taps, cocks, valves and similar appliances, which decreased by X% to X tons in 2023. Over the period under review, exports showed a pronounced slump. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, tap and valve exports soared to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of tap and valve exports from France, with a combined X% share of total exports. Italy, the UK, Algeria, the United Arab Emirates, South Korea, Morocco, Saudi Arabia, the United States, China and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Saudi Arabia (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 France were Germany ($X), the United States ($X) and the UK ($X), together accounting for X% of total exports. China, Italy, Spain, Belgium, South Korea, Poland, Saudi Arabia, the United Arab Emirates, Algeria and Morocco lagged somewhat behind, together comprising a further X%.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 tap and valve export price stood at $X per ton in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Algeria ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into France

Tap and valve imports into France stood at X tons in 2023, therefore, remained relatively stable against 2022 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, tap and valve imports expanded markedly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), China (X tons) and Italy (X tons) were the main suppliers of tap and valve imports to France, together accounting for X% of total imports. Spain, Belgium, Denmark, the United States and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest tap and valve suppliers to France were Germany ($X), Italy ($X) and the United States ($X), together comprising X% of total imports. China, Belgium, Spain, the UK and Denmark lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, growing by 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 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2023, the average import prices failed to regain momentum.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform