Ireland: Tap And Valve Market 2024

Tap And Valve Market Size in Ireland

For the fourth year in a row, the Irish tap and valve market recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption showed a strong increase. Tap and valve consumption peaked in 2023 and is expected to retain growth in years to come.

Tap And Valve Exports

Exports from Ireland

Tap and valve exports from Ireland plummeted to X tons in 2023, with a decrease of X% against the year before. Over the period under review, exports recorded a deep slump. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, tap and valve exports soared to $X in 2023. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for tap and valve exports from Ireland, with a X% share of total exports. Moreover, tap and valve exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), threefold. France (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

In value terms, the UK ($X), the United States ($X) and Germany ($X) were the largest markets for tap and valve exported from Ireland worldwide, with a combined X% share of total exports. Singapore, France, the Netherlands, China, Spain, Italy, Belgium, Switzerland, South Africa and Malta lagged somewhat behind, together comprising a further X%.

Malta, with a CAGR of X%, saw 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

In 2023, the average tap and valve export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2023: its price 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, tap and valve export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Malta ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Ireland

In 2023, the amount of taps, cocks, valves and similar appliances imported into Ireland declined to X tons, waning by X% against 2022. In general, total imports indicated notable growth from 2012 to 2023: its volume 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, imports increased by X% against 2021 indices. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, tap and valve imports amounted to $X in 2023. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in years to come.

Imports by Country

The UK (X tons), China (X tons) and Germany (X tons) were the main suppliers of tap and valve imports to Ireland, with a combined X% share of total imports. Italy, France, Spain and the United States 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 Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Among the main suppliers, Spain, with a CAGR of X%, saw the highest growth rate of 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, growing by X% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2023: its price 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, tap and valve import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was 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