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Mar 10, 2025

Australia's Tap and Valve Market to Reach 75K Tons and $1.1B by 2035 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: Australia - Taps, Cocks, Valves And Similar Appliances -

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

IndexBox has just published a new report: Australia - Taps, Cocks, Valves And Similar Appliances - Market Analysis, Forecast, Size, Trends and Insights.

Driven by rising demand, the tap and valve market in Australia is forecasted to grow at a CAGR of +1.5% from 2024 to 2035. This growth trend is expected to continue as the market performance improves slightly, leading to increased consumption and market expansion.

Driven by rising demand for tap and valve in Australia, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.5% for the period from 2024 to 2035, which is projected to bring the market volume to 75K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.5% for the period from 2024 to 2035, which is projected to bring the market value to $1.1B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of taps, cocks, valves and similar appliances decreased by -29.2% to 63K tons, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak volume of 110K tons. From 2023 to 2024, the growth of the consumption failed to regain momentum.

The revenue of the tap and valve market in Australia shrank rapidly to $944M in 2024, dropping by -29.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $1.6B. From 2023 to 2024, the growth of the market failed to regain momentum.

In 2024, the amount of taps, cocks, valves and similar appliances produced in Australia soared to 63K tons, rising by 16% compared with the previous year's figure. In general, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 137% against the previous year. Over the period under review, production hit record highs at 72K tons in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.

In value terms, tap and valve production soared to $2.4B in 2024 estimated in export price. Overall, production showed a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 146% against the previous year. Tap and valve production peaked at $2.8B in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.

In 2024, the amount of taps, cocks, valves and similar appliances imported into Australia plummeted to 3.5K tons, which is down by -90.8% compared with 2023. In general, imports saw a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at 59K tons in 2013; however, from 2014 to 2024, imports remained at a lower figure.

In value terms, tap and valve imports surged to $2B in 2024. Overall, total imports indicated a noticeable increase from 2013 to 2024: its value increased at an average annual rate of +3.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

China (11K tons), the United States (8.4K tons) and Italy (3.2K tons) were the main suppliers of tap and valve imports to Australia, with a combined 58% share of total imports. Germany, the UK, Malaysia, Japan, France, India, Mexico, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further 25%.

From 2013 to 2023, the biggest increases were recorded for France (with a CAGR of +10.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($359M), the United States ($308M) and Germany ($114M) constituted the largest tap and valve suppliers to Australia, together comprising 58% of total imports. Italy, the UK, Malaysia, Japan, France, Mexico, India, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Mexico, with a CAGR of +6.9%, 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.

In 2024, process control, gate, globe and other valves (41K tons) was the main type of taps, cocks, valves and similar appliances supplied to Australia, with a 93% share of total imports. Moreover, process control, gate, globe and other valves exceeded the figures recorded for the second-largest type, check valves for pipes, boiler shells, tanks and vats (1.7K tons), more than tenfold. Valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (915 tons) ranked third in terms of total imports with a 2.1% share.

From 2013 to 2024, the average annual growth rate of the volume of process control, gate, globe and other valves imports totaled -2.2%. With regard to the other supplied products, the following average annual rates of growth were recorded: check valves for pipes, boiler shells, tanks and vats (-2.9% per year) and valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (-2.2% per year).

In value terms, process control, gate, globe and other valves ($1.2B) constituted the largest type of taps, cocks, valves and similar appliances supplied to Australia, comprising 62% of total imports. The second position in the ranking was held by valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like ($481M), with a 24% share of total imports. It was followed by valves; for oleohydraulic or pneumatic transmissions, with a 6.7% share.

From 2013 to 2024, the average annual growth rate of the value of process control, gate, globe and other valves imports was relatively modest. With regard to the other supplied products, the following average annual rates of growth were recorded: valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (+27.6% per year) and valves; for oleohydraulic or pneumatic transmissions (+10.5% per year).

In 2024, the average tap and valve import price amounted to $563,975 per ton, jumping by 1,504% against the previous year. Over the period under review, the import price saw a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplied products. In 2024, the product with the highest price was valves; for oleohydraulic or pneumatic transmissions ($2,613,551 per ton), while the price for process control, gate, globe and other valves ($29,871 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by valves; for oleohydraulic or pneumatic transmissions (+43.2%), while the prices for the other products experienced more modest paces of growth.

In 2023, the average tap and valve import price amounted to $35,168 per ton, with an increase of 5.8% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +4.5%. The pace of growth was the most pronounced in 2014 an increase of 13%. Over the period under review, average import prices hit record highs in 2023 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Japan ($38,615 per ton) and Mexico ($38,461 per ton), while the price for Malaysia ($30,687 per ton) and India ($33,732 per ton) were amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, the amount of taps, cocks, valves and similar appliances exported from Australia declined slightly to 3.6K tons, with a decrease of -2.5% compared with the year before. Overall, exports recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 when exports increased by 23% against the previous year. The exports peaked at 5.7K tons in 2013; however, from 2014 to 2024, the exports remained at a lower figure.

In value terms, tap and valve exports reduced to $168M in 2024. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports attained the peak figure at $177M in 2013; however, from 2014 to 2024, the exports remained at a lower figure.

The United States (780 tons), New Zealand (494 tons) and Papua New Guinea (419 tons) were the main destinations of tap and valve exports from Australia, together accounting for 46% of total exports. China, the UK, Singapore, Saudi Arabia, Indonesia, India, the Philippines, New Caledonia, Malaysia and Hong Kong SAR lagged somewhat behind, together comprising a further 30%.

From 2013 to 2023, the biggest increases were recorded for New Caledonia (with a CAGR of +7.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($36M), New Zealand ($23M) and Papua New Guinea ($19M) constituted the largest markets for tap and valve exported from Australia worldwide, with a combined 46% share of total exports.

The United States, with a CAGR of +8.8%, 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.

Process control, gate, globe and other valves (3K tons) was the largest type of taps, cocks, valves and similar appliances exported from Australia, with a 84% share of total exports. Moreover, process control, gate, globe and other valves exceeded the volume of the second product type, valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (274 tons), more than tenfold. Safety or relief valves for pipes, boiler shells, tanks and vats (178 tons) ranked third in terms of total exports with a 4.9% share.

From 2013 to 2024, the average annual rate of growth in terms of the volume of process control, gate, globe and other valves exports amounted to -4.1%. With regard to the other exported products, the following average annual rates of growth were recorded: valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (-2.0% per year) and safety or relief valves for pipes, boiler shells, tanks and vats (-3.4% per year).

In value terms, process control, gate, globe and other valves ($126M) remains the largest type of taps, cocks, valves and similar appliances exported from Australia, comprising 74% of total exports. The second position in the ranking was taken by valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like ($16M), with a 9.4% share of total exports. It was followed by safety or relief valves for pipes, boiler shells, tanks and vats, with an 8.3% share.

From 2013 to 2024, the average annual growth rate of the value of process control, gate, globe and other valves exports was relatively modest. With regard to the other exported products, the following average annual rates of growth were recorded: valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (+0.5% per year) and safety or relief valves for pipes, boiler shells, tanks and vats (-2.5% per year).

In 2024, the average tap and valve export price amounted to $47,261 per ton, growing by 2.4% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22%. The export price peaked in 2024 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major types of exported product. In 2024, the product with the highest price was check valves for pipes, boiler shells, tanks and vats ($191,523 per ton), while the average price for exports of process control, gate, globe and other valves ($41,751 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: check valve (+22.8%), while the prices for the other products experienced more modest paces of growth.

The average tap and valve export price stood at $46,148 per ton in 2023, surging by 13% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2017 an increase of 22% against the previous year. Over the period under review, the average export prices attained the peak figure in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were New Caledonia ($47,486 per ton) and Malaysia ($47,401 per ton), while the average price for exports to the UK ($42,534 per ton) and Hong Kong SAR ($42,734 per ton) were amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tap and valve market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles