Africa's Taps, Cocks, Valves and Similar Appliances Market to Reach 359K Tons in Volume and $5.9B in Value by 2035 - News and Statistics - IndexBox
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IndexBox has just published a new report: Africa - Taps, Cocks, Valves And Similar Appliances - Market Analysis, Forecast, Size, Trends and Insights.
The taps, cocks, valves, and similar appliances market in Africa is poised for significant growth over the next decade. With an anticipated CAGR of +1.0% in volume and +1.9% in value from 2024 to 2035, the market is projected to expand rapidly, driven by increasing demand for these essential products.
Driven by increasing demand for taps, cocks, valves and similar appliances in Africa, 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 +1.0% for the period from 2024 to 2035, which is projected to bring the market volume to 359K tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +1.9% for the period from 2024 to 2035, which is projected to bring the market value to $5.9B (in nominal wholesale prices) by the end of 2035.
In 2024, approx. 320K tons of taps, cocks, valves and similar appliances were consumed in Africa; waning by -19.5% compared with the year before. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak volume of 634K tons. From 2021 to 2024, the growth of the consumption remained at a somewhat lower figure.
The value of the tap and valve market in Africa contracted dramatically to $4.8B in 2024, declining by -16.6% 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). Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $8.4B. From 2021 to 2024, the growth of the market remained at a lower figure.
Kenya (104K tons) constituted the country with the largest volume of tap and valve consumption, comprising approx. 33% of total volume. Moreover, tap and valve consumption in Kenya exceeded the figures recorded by the second-largest consumer, Nigeria (37K tons), threefold. Ghana (31K tons) ranked third in terms of total consumption with a 9.8% share.
In Kenya, tap and valve consumption expanded at an average annual rate of +3.9% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Nigeria (-1.6% per year) and Ghana (+2.5% per year).
In value terms, Kenya ($1.6B) led the market, alone. The second position in the ranking was taken by Ghana ($487M). It was followed by Nigeria.
From 2013 to 2024, the average annual growth rate of value in Kenya stood at +4.2%. The remaining consuming countries recorded the following average annual rates of market growth: Ghana (+2.8% per year) and Nigeria (-1.4% per year).
The countries with the highest levels of tap and valve per capita consumption in 2024 were Kenya (1,777 kg per 1000 persons), Libya (1,003 kg per 1000 persons) and Ghana (931 kg per 1000 persons).
From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Tanzania (with a CAGR of +2.8%), while consumption for the other leaders experienced more modest paces of growth.
In 2024, the amount of taps, cocks, valves and similar appliances produced in Africa reached 153K tons, approximately mirroring the previous year. The total production indicated resilient growth from 2013 to 2024: its volume increased at an average annual rate of +5.2% 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 -1.5% against 2022 indices. The most prominent rate of growth was recorded in 2015 with an increase of 30% against the previous year. The volume of production peaked at 155K tons in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.
In value terms, tap and valve production amounted to $2.4B in 2024 estimated in export price. The total production indicated buoyant growth from 2013 to 2024: its value increased at an average annual rate of +5.6% 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 -4.9% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 32%. Over the period under review, production hit record highs at $2.5B in 2020; however, from 2021 to 2024, production failed to regain momentum.
Kenya (101K tons) remains the largest tap and valve producing country in Africa, comprising approx. 66% of total volume. Moreover, tap and valve production in Kenya exceeded the figures recorded by the second-largest producer, Ghana (25K tons), fourfold.
In Kenya, tap and valve production expanded at an average annual rate of +4.2% over the period from 2013-2024. The remaining producing countries recorded the following average annual rates of production growth: Ghana (+1.9% per year) and Angola (+1.6% per year).
Tap and valve imports dropped sharply to 181K tons in 2024, reducing by -30.5% on the year before. Overall, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of 80%. As a result, imports reached the peak of 499K tons. From 2021 to 2024, the growth of imports failed to regain momentum.
In value terms, tap and valve imports declined to $2.7B in 2024. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when imports increased by 16% against the previous year. As a result, imports attained the peak of $3.3B. From 2023 to 2024, the growth of imports remained at a lower figure.
In 2024, Nigeria (37K tons), distantly followed by South Africa (24K tons), Algeria (17K tons) and Morocco (12K tons) were the largest importers of taps, cocks, valves and similar appliances, together making up 49% of total imports. The following importers - Egypt (7.9K tons), Libya (7.2K tons), Angola (6.8K tons), Ghana (6.3K tons), Tanzania (6K tons) and Democratic Republic of the Congo (4.5K tons) - together made up 21% of total imports.
From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Democratic Republic of the Congo (with a CAGR of +7.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest tap and valve importing markets in Africa were South Africa ($398M), Egypt ($334M) and Nigeria ($314M), together accounting for 39% of total imports. Algeria, Angola, Morocco, Libya, Democratic Republic of the Congo, Ghana and Tanzania lagged somewhat behind, together comprising a further 34%.
Tanzania, with a CAGR of +7.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Process control, gate, globe and other valves represented the key imported product with an import of around 141K tons, which amounted to 69% of total imports. Valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (28K tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by valves; for oleohydraulic or pneumatic transmissions (11%). The following types - check valves for pipes, boiler shells, tanks and vats (7.4K tons) and safety or relief valves for pipes, boiler shells, tanks and vats (6.9K tons) - together made up 7% of total imports.
Imports of process control, gate, globe and other valves decreased at an average annual rate of -3.1% from 2013 to 2024. At the same time, valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (+8.7%) and valves; for oleohydraulic or pneumatic transmissions (+8.0%) displayed positive paces of growth. Moreover, valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like emerged as the fastest-growing type imported in Africa, with a CAGR of +8.7% from 2013-2024. By contrast, check valves for pipes, boiler shells, tanks and vats (-1.3%) and safety or relief valves for pipes, boiler shells, tanks and vats (-5.3%) illustrated a downward trend over the same period. From 2013 to 2024, the share of valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like and valves; for oleohydraulic or pneumatic transmissions increased by +8.9 and +6.7 percentage points, respectively. The shares of the other products remained relatively stable throughout the analyzed period.
In value terms, process control, gate, globe and other valves ($1.9B) constitutes the largest type of taps, cocks, valves and similar appliances imported in Africa, comprising 70% of total imports. The second position in the ranking was held by valves; for oleohydraulic or pneumatic transmissions ($295M), with an 11% share of total imports. It was followed by valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like, with a 7.5% 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. For the other products, the average annual rates were as follows: valves; for oleohydraulic or pneumatic transmissions (+4.2% per year) and valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (+1.8% per year).
In 2024, the import price in Africa amounted to $14,717 per ton, surging by 33% against the previous year. In general, the import price posted a pronounced increase. The pace of growth appeared the most rapid in 2021 when the import price increased by 43%. Over the period under review, import prices reached the maximum at $17,953 per ton in 2016; however, from 2017 to 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major imported products. In 2024, the product with the highest price was safety or relief valves for pipes, boiler shells, tanks and vats ($26,769 per ton), while the price for valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like ($7,414 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by safety valve (+3.1%), while the other products experienced more modest paces of growth.
In 2024, the import price in Africa amounted to $14,717 per ton, with an increase of 33% against the previous year. Over the period under review, the import price recorded a moderate expansion. The growth pace was the most rapid in 2021 when the import price increased by 43% against the previous year. Over the period under review, import prices reached the peak figure at $17,953 per ton in 2016; however, from 2017 to 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Egypt ($42,368 per ton), while Tanzania ($7,136 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Egypt (+16.7%), while the other leaders experienced more modest paces of growth.
In 2024, the amount of taps, cocks, valves and similar appliances exported in Africa expanded slightly to 13K tons, increasing by 2.5% compared with 2023 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 16K tons. From 2015 to 2024, the growth of the exports failed to regain momentum.
In value terms, tap and valve exports fell to $265M in 2024. Overall, exports, however, recorded a slight decline. The growth pace was the most rapid in 2021 when exports increased by 21%. The level of export peaked at $294M in 2013; however, from 2014 to 2024, the exports remained at a lower figure.
In 2024, South Africa (8.1K tons) represented the key exporter of taps, cocks, valves and similar appliances, constituting 61% of total exports. It was distantly followed by Tunisia (2.1K tons) and Angola (1.7K tons), together comprising a 29% share of total exports. Egypt (202 tons) took a relatively small share of total exports.
South Africa experienced a relatively flat trend pattern with regard to volume of exports of taps, cocks, valves and similar appliances. At the same time, Angola (+5.5%) and Tunisia (+3.9%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in Africa, with a CAGR of +5.5% from 2013-2024. By contrast, Egypt (-10.2%) illustrated a downward trend over the same period. Angola (+13 p.p.) and Tunisia (+5.7 p.p.) significantly strengthened its position in terms of the total exports, while Egypt and South Africa saw its share reduced by -3.3% and -4% from 2013 to 2024, respectively.
In value terms, South Africa ($150M) remains the largest tap and valve supplier in Africa, comprising 57% of total exports. The second position in the ranking was taken by Tunisia ($57M), with a 22% share of total exports. It was followed by Angola, with a 6.7% share.
From 2013 to 2024, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (+9.0% per year) and Angola (+0.4% per year).
Process control, gate, globe and other valves dominates exports structure, finishing at 9.4K tons, which was near 77% of total exports in 2024. Valves; for oleohydraulic or pneumatic transmissions (766 tons) ranks second in terms of the total exports with a 6.3% share, followed by safety or relief valves for pipes, boiler shells, tanks and vats (5.8%), check valves for pipes, boiler shells, tanks and vats (5.5%) and valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (5%).
Exports of process control, gate, globe and other valves decreased at an average annual rate of -1.3% from 2013 to 2024. At the same time, valves; for oleohydraulic or pneumatic transmissions (+13.3%) displayed positive paces of growth. Moreover, valves; for oleohydraulic or pneumatic transmissions emerged as the fastest-growing type exported in Africa, with a CAGR of +13.3% from 2013-2024. Safety or relief valves for pipes, boiler shells, tanks and vats experienced a relatively flat trend pattern. By contrast, check valves for pipes, boiler shells, tanks and vats (-3.8%) and valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (-4.5%) illustrated a downward trend over the same period. While the share of valves; for oleohydraulic or pneumatic transmissions (+4.9 p.p.) increased significantly in terms of the total exports from 2013-2024, the share of check valves for pipes, boiler shells, tanks and vats (-1.9 p.p.) and valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like (-2.3 p.p.) displayed negative dynamics. The shares of the other products remained relatively stable throughout the analyzed period.
In value terms, process control, gate, globe and other valves ($188M) remains the largest type of taps, cocks, valves and similar appliances supplied in Africa, comprising 70% of total exports. The second position in the ranking was taken by valves; for oleohydraulic or pneumatic transmissions ($36M), with a 13% share of total exports. It was followed by safety or relief valves for pipes, boiler shells, tanks and vats, with a 7.2% share.
For process control, gate, globe and other valves, exports plunged by an average annual rate of -2.2% over the period from 2013-2024. With regard to the other exported products, the following average annual rates of growth were recorded: valves; for oleohydraulic or pneumatic transmissions (+19.2% per year) and safety or relief valves for pipes, boiler shells, tanks and vats (+4.3% per year).
In 2024, the export price in Africa amounted to $19,724 per ton, falling by -6.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 17%. Over the period under review, the export prices reached the maximum at $21,450 per ton in 2013; however, from 2014 to 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the product type; the product with the highest price was valves; for oleohydraulic or pneumatic transmissions ($46,910 per ton), while the average price for exports of valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like ($17,606 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 (+5.2%), while the other products experienced more modest paces of growth.
The export price in Africa stood at $19,724 per ton in 2024, waning by -6.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 17%. The level of export peaked at $21,450 per ton in 2013; however, from 2014 to 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($42,903 per ton), while Angola ($10,273 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Egypt (+8.1%), while the other leaders 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 Africa. 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.
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A Quick Overview of Market Performance
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Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
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The Largest Producers on The Market and Their Profiles
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