News

Jun 04, 2025

China's Taps, Cocks, Valves and Similar Appliances Market to Reach 3.5M Tons and $45.3B by 2035: Forecast - 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: China - 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: China - Taps, Cocks, Valves And Similar Appliances - Market Analysis, Forecast, Size, Trends and Insights.

The demand for taps, cocks, valves, and related products in China is on the rise, leading to projections of continued growth in market consumption. By 2035, the market volume is expected to reach 3.5 million tons, with a corresponding market value of $45.3 billion. Anticipated CAGR rates of +3.7% for both volume and value demonstrate a positive outlook for the industry in the coming years.

Driven by increasing demand for taps, cocks, valves and similar appliances in China, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.7% for the period from 2024 to 2035, which is projected to bring the market volume to 3.5M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2024 to 2035, which is projected to bring the market value to $45.3B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of taps, cocks, valves and similar appliances decreased by -3.2% to 2.4M tons, falling for the second year in a row after ten years of growth. The total consumption volume increased at an average annual rate of +2.7% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of 9.1% against the previous year. As a result, consumption reached the peak volume of 2.6M tons. From 2023 to 2024, the growth of the consumption remained at a lower figure.

The size of the tap and valve market in China contracted modestly to $30.5B in 2024, shrinking by -3% 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). The market value increased at an average annual rate of +3.0% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $34.2B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

In 2024, the amount of taps, cocks, valves and similar appliances produced in China was estimated at 3.9M tons, increasing by 2% compared with 2023. In general, the total production indicated a moderate increase from 2013 to 2024: its volume increased at an average annual rate of +3.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -1.9% against 2022 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 44%. Tap and valve production peaked at 4M tons in 2022; however, from 2023 to 2024, production failed to regain momentum.

In value terms, tap and valve production expanded to $50.2B in 2024 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, production attained the peak level at $51.3B in 2022; however, from 2023 to 2024, production remained at a lower figure.

In 2024, purchases abroad of taps, cocks, valves and similar appliances decreased by -2.9% to 129K tons, falling for the third consecutive year after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 45% against the previous year. As a result, imports reached the peak of 201K tons. From 2015 to 2024, the growth of imports failed to regain momentum.

In value terms, tap and valve imports declined to $7.9B in 2024. The total import value increased at an average annual rate of +1.5% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Over the period under review, imports attained the maximum at $9B in 2021; however, from 2022 to 2024, imports stood at a somewhat lower figure.

Japan (27K tons), Germany (25K tons) and Italy (16K tons) were the main suppliers of tap and valve imports to China, with a combined 51% share of total imports. South Korea, the United States, Taiwan (Chinese), Vietnam, India, Thailand, the UK and France lagged somewhat behind, together accounting for a further 31%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($1.6B), Japan ($1.3B) and the United States ($1B) appeared to be the largest tap and valve suppliers to China, together comprising 50% of total imports. Italy, South Korea, Taiwan (Chinese), France, the UK, Vietnam, India and Thailand lagged somewhat behind, together comprising a further 29%.

Vietnam, with a CAGR of +19.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 (79K tons) constituted the largest type of taps, cocks, valves and similar appliances supplied to China, accounting for a 59% share of total imports. Moreover, process control, gate, globe and other valves exceeded the figures recorded for the second-largest type, valves; for oleohydraulic or pneumatic transmissions (33K tons), twofold. Check valves for pipes, boiler shells, tanks and vats (9K tons) ranked third in terms of total imports with a 6.8% share.

From 2013 to 2024, the average annual rate of growth in terms of the volume 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; for oleohydraulic or pneumatic transmissions (+0.8% per year) and check valves for pipes, boiler shells, tanks and vats (+0.5% per year).

In value terms, process control, gate, globe and other valves ($5.2B) constituted the largest type of taps, cocks, valves and similar appliances supplied to China, comprising 64% of total imports. The second position in the ranking was taken by valves; for oleohydraulic or pneumatic transmissions ($1.6B), with a 20% share of total imports. It was followed by valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like, with a 6% share.

From 2013 to 2024, the average annual rate of growth in terms of the value of process control, gate, globe and other valves imports stood at +1.8%. With regard to the other supplied products, the following average annual rates of growth were recorded: valves; for oleohydraulic or pneumatic transmissions (+2.0% per year) and valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (+2.1% per year).

The average tap and valve import price stood at $61,445 per ton in 2024, increasing by 2.8% against the previous year. Over the last eleven years, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2015 an increase of 45%. Over the period under review, average import prices hit record highs in 2024 and is expected to retain growth in the immediate term.

Prices varied noticeably by the product type; the product with the highest price was valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like ($75,931 per ton), while the price for valves; for oleohydraulic or pneumatic transmissions ($49,648 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (+3.7%), while the prices for the other products experienced more modest paces of growth.

In 2023, the average tap and valve import price amounted to $59,779 per ton, growing by 9.4% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 45%. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain 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 ($141,913 per ton), while the price for Thailand ($25,697 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, shipments abroad of taps, cocks, valves and similar appliances increased by 9.7% to 1.7M tons, rising for the fourth year in a row after two years of decline. Over the period under review, total exports indicated a pronounced increase from 2013 to 2024: its volume increased at an average annual rate of +3.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +31.9% against 2020 indices. The growth pace was the most rapid in 2015 when exports increased by 193% against the previous year. Over the period under review, the exports attained the maximum in 2024 and are likely to continue growth in the immediate term.

In value terms, tap and valve exports totaled $17.4B in 2024. Overall, total exports indicated measured growth from 2013 to 2024: its value increased at an average annual rate of +4.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +38.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. The exports peaked in 2024 and are likely to see gradual growth in years to come.

The United States (243K tons), Russia (139K tons) and Indonesia (52K tons) were the main destinations of tap and valve exports from China, together comprising 28% of total exports. The United Arab Emirates, Mexico, the UK, South Korea, India, Spain and Germany lagged somewhat behind, together accounting for a further 20%.

From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +7.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($2.9B) remains the key foreign market for taps, cocks, valves and similar appliances exports from China, comprising 18% of total exports. The second position in the ranking was taken by Russia ($1.3B), with a 7.6% share of total exports. It was followed by Germany, with a 3.6% share.

From 2013 to 2023, the average annual growth rate of value to the United States totaled +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+9.6% per year) and Germany (+5.3% per year).

Process control, gate, globe and other valves (1.6M tons) was the largest type of taps, cocks, valves and similar appliances exported from China, accounting for a 92% share of total exports. Moreover, process control, gate, globe and other valves exceeded the volume of the second product type, check valves for pipes, boiler shells, tanks and vats (74K tons), more than tenfold. Valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (29K tons) ranked third in terms of total exports with a 1.6% share.

From 2013 to 2024, the average annual growth rate 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: check valves for pipes, boiler shells, tanks and vats (+3.5% per year) and valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (+6.2% per year).

In value terms, process control, gate, globe and other valves ($16.2B) remains the largest type of taps, cocks, valves and similar appliances exported from China, comprising 90% of total exports. The second position in the ranking was taken by check valves for pipes, boiler shells, tanks and vats ($677M), with a 3.8% share of total exports. It was followed by valves; for oleohydraulic or pneumatic transmissions, with a 2.3% share.

From 2013 to 2024, the average annual rate of growth in terms of the value of process control, gate, globe and other valves exports totaled +4.9%. With regard to the other exported products, the following average annual rates of growth were recorded: check valves for pipes, boiler shells, tanks and vats (+5.0% per year) and valves; for oleohydraulic or pneumatic transmissions (+9.1% per year).

The average tap and valve export price stood at $10,154 per ton in 2024, falling by -3.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 214% against the previous year. As a result, the export price reached the peak level of $29,005 per ton. From 2015 to 2024, the average export prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was safety or relief valves for pipes, boiler shells, tanks and vats ($22,937 per ton), while the average price for exports of check valves for pipes, boiler shells, tanks and vats ($9,130 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: safety valve (+1.7%), while the prices for the other products experienced more modest paces of growth.

The average tap and valve export price stood at $10,528 per ton in 2023, which is down by -6% against the previous year. In general, the export price, however, continues to indicate a slight increase. The growth pace was the most rapid in 2014 when the average export price increased by 214% against the previous year. As a result, the export price reached the peak level of $29,005 per ton. From 2015 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($14,895 per ton), while the average price for exports to the United Arab Emirates ($8,675 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.7%), 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 China. 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 Export

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