Luxembourg: Tap And Valve Market 2024

Tap And Valve Market Size in Luxembourg

In 2023, the Luxembourg tap and valve market decreased by X% to $X, falling for the fifth year in a row after two years of growth. Overall, consumption continues to indicate a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Tap And Valve Production in Luxembourg

In value terms, tap and valve production dropped remarkably to $X in 2023 estimated in export price. In general, production continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Tap and valve production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Tap And Valve Exports

Exports from Luxembourg

After two years of growth, overseas shipments of taps, cocks, valves and similar appliances decreased by X% to X tons in 2023. Over the period under review, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, tap and valve exports shrank to $X in 2023. Overall, total exports indicated tangible growth 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then shrank in the following year.

Exports by Country

Germany (X tons), Belgium (X tons) and Poland (X tons) were the main destinations of tap and valve exports from Luxembourg, with a combined X% share of total exports. France, Italy, the Netherlands, the United States, Spain, the UK, China, the Czech Republic, Slovakia and Turkey lagged somewhat behind, together comprising 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 Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tap and valve exported from Luxembourg were Germany ($X), China ($X) and the United States ($X), together comprising X% of total exports. France, the UK, Belgium, Italy, the Netherlands, Spain, the Czech Republic, Poland, Slovakia and Turkey lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of 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

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 under review, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2023 and is likely to see steady growth in the near future.

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 China ($X per ton), while the average price for exports to Poland ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Luxembourg

In 2023, approx. X tons of taps, cocks, valves and similar appliances were imported into Luxembourg; which is down by X% on 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, tap and valve imports contracted to $X in 2023. In general, total imports indicated a measured increase 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, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Belgium (X tons) and China (X tons) were the main suppliers of tap and valve imports to Luxembourg, with a combined X% share of total imports. France, the United States, Italy, Israel and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of taps, cocks, valves and similar appliances to Luxembourg, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average tap and valve import price amounted to $X per ton, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices hit record highs in 2023 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform