United States's Tap and Valve Market to Experience Moderate Growth with +1.2% CAGR by 2035 - News and Statistics - IndexBox

Mar 31, 2025

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

The tap and valve market in the United States is set to experience a positive consumption trend over the next decade, driven by rising demand. Forecasts predict a slight increase in performance, with market volume expected to reach 1.6M tons and market value projected to hit $137.6B by 2035, showcasing a growth trajectory with a CAGR of +1.2% and +4.0% from 2024 to 2035.

Driven by rising demand for tap and valve in the United States, 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 +1.2% for the period from 2024 to 2035, which is projected to bring the market volume to 1.6M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.0% for the period from 2024 to 2035, which is projected to bring the market value to $137.6B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of taps, cocks, valves and similar appliances decreased by -21.4% to 1.4M tons, falling for the second consecutive year after three years of growth. In general, consumption continues to indicate a mild slump. Over the period under review, consumption hit record highs at 1.9M tons in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The value of the tap and valve market in the United States was estimated at $89B in 2024, increasing by 2.5% 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 remarkable increase. Tap and valve consumption peaked at $89.5B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

In 2024, approx. 947K tons of taps, cocks, valves and similar appliances were produced in the United States; flattening at 2023. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 33%. Tap and valve production peaked at 1.1M tons in 2018; however, from 2019 to 2024, production failed to regain momentum.

In value terms, tap and valve production stood at $85.4B in 2024. Over the period under review, production saw a resilient expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 152%. Over the period under review, production hit record highs at $86.3B in 2022; however, from 2023 to 2024, production remained at a lower figure.

In 2024, supplies from abroad of taps, cocks, valves and similar appliances decreased by -46.1% to 484K tons, falling for the second year in a row after three years of growth. In general, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 103% against the previous year. Over the period under review, imports attained the maximum at 1.1M tons in 2022; however, from 2023 to 2024, imports stood at a somewhat lower figure.

In value terms, tap and valve imports stood at $13.9B in 2024. The total import 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. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, imports attained the maximum in 2024 and are expected to retain growth in the near future.

China (210K tons), Japan (122K tons) and Mexico (64K tons) were the main suppliers of tap and valve imports to the United States, together accounting for 44% of total imports. South Korea, India, Taiwan (Chinese), Italy, Vietnam, Germany and Canada lagged somewhat behind, together accounting for a further 21%.

From 2013 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tap and valve suppliers to the United States were Mexico ($2.9B), China ($2.2B) and Germany ($1.2B), with a combined 48% share of total imports. Japan, Italy, Taiwan (Chinese), Canada, South Korea, Vietnam and India lagged somewhat behind, together accounting for a further 32%.

Vietnam, with a CAGR of +34.7%, recorded 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 (412K tons) constituted the largest type of taps, cocks, valves and similar appliances supplied to the United States, with a 84% 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 (30K tons), more than tenfold. The third position in this ranking was held by valves; for oleohydraulic or pneumatic transmissions (28K tons), with a 5.8% share.

From 2013 to 2024, the average annual growth rate of the volume of process control, gate, globe and other valves imports amounted to -5.0%. 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 (-1.2% per year) and valves; for oleohydraulic or pneumatic transmissions (-1.3% per year).

In value terms, process control, gate, globe and other valves ($10.4B) constituted the largest type of taps, cocks, valves and similar appliances supplied to the United States, comprising 74% of total imports. The second position in the ranking was held by valves; for oleohydraulic or pneumatic transmissions ($2B), with a 14% share of total imports. It was followed by check valves for pipes, boiler shells, tanks and vats, with a 3.9% share.

From 2013 to 2024, the average annual growth rate of the value of process control, gate, globe and other valves imports stood at +2.8%. With regard to the other supplied products, the following average annual rates of growth were recorded: valves; for oleohydraulic or pneumatic transmissions (+5.0% per year) and check valves for pipes, boiler shells, tanks and vats (+4.0% per year).

In 2024, the average tap and valve import price amounted to $28,697 per ton, surging by 96% against the previous year. In general, the import price enjoyed strong growth. The import price peaked at $31,731 per ton in 2019; however, from 2020 to 2024, import prices failed to regain momentum.

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 ($69,775 per ton), while the price for check valves for pipes, boiler shells, tanks and vats ($18,335 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 (+8.2%), while the prices for the other products experienced more modest paces of growth.

In 2023, the average tap and valve import price amounted to $14,674 per ton, jumping by 16% against the previous year. Over the period under review, the import price saw a modest increase. The most prominent rate of growth was recorded in 2019 an increase of 72%. As a result, import price reached the peak level of $31,731 per ton. From 2020 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($64,608 per ton), while the price for India ($8,540 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Germany (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Tap and valve exports from the United States declined significantly to 39K tons in 2024, which is down by -45.4% against 2023. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2017 when exports increased by 30% against the previous year. As a result, the exports attained the peak of 310K tons. From 2018 to 2024, the growth of the exports remained at a lower figure.

In value terms, tap and valve exports shrank to $10.3B in 2024. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of 11%. The exports peaked at $10.9B in 2023, and then declined slightly in the following year.

Mexico (24K tons), Canada (23K tons) and China (3.9K tons) were the main destinations of tap and valve exports from the United States, together comprising 70% of total exports.

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 -4.8%), while the other leaders experienced a decline.

In value terms, Canada ($2.4B), Mexico ($1.7B) and China ($749M) appeared to be the largest markets for tap and valve exported from the United States worldwide, with a combined 45% share of total exports. Germany, the UK, Brazil, Japan, Singapore, South Korea, Australia and the United Arab Emirates lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Germany, with a CAGR of +8.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Process control, gate, globe and other valves (25K tons) was the largest type of taps, cocks, valves and similar appliances exported from the United States, with a 61% share of total exports. Moreover, process control, gate, globe and other valves exceeded the volume of the second product type, valves; for oleohydraulic or pneumatic transmissions (7K tons), fourfold. Safety or relief valves for pipes, boiler shells, tanks and vats (4.1K tons) ranked third in terms of total exports with a 10% 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 totaled -15.1%. With regard to the other exported products, the following average annual rates of growth were recorded: valves; for oleohydraulic or pneumatic transmissions (-7.9% per year) and safety or relief valves for pipes, boiler shells, tanks and vats (-11.6% per year).

In value terms, process control, gate, globe and other valves ($7.6B) remains the largest type of taps, cocks, valves and similar appliances exported from the United States, comprising 66% of total exports. The second position in the ranking was taken by valves; for oleohydraulic or pneumatic transmissions ($1.9B), with a 16% share of total exports. It was followed by safety or relief valves for pipes, boiler shells, tanks and vats, with a 7.6% share.

From 2013 to 2024, the average annual growth rate of the value of process control, gate, globe and other valves exports stood at +1.9%. With regard to the other exported products, the following average annual rates of growth were recorded: valves; for oleohydraulic or pneumatic transmissions (+4.3% per year) and safety or relief valves for pipes, boiler shells, tanks and vats (-2.2% per year).

In 2024, the average tap and valve export price amounted to $263,367 per ton, with an increase of 74% against the previous year. Overall, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 191%. Over the period under review, the average export prices reached the maximum in 2024 and is expected to retain growth in the near future.

Average prices varied somewhat for the major types of exported product. In 2024, the highest price was recorded for prices to process control, gate, globe and other valves ($306,757 per ton) and valves; for oleohydraulic or pneumatic transmissions ($263,367 per ton), while the average price for exports of valves; pressure reducing, for pipes, boiler shells, tanks, vats or the like ($211,208 per ton) and safety or relief valves for pipes, boiler shells, tanks and vats ($213,384 per ton) were 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 (+21.0%), while the prices for the other products experienced more modest paces of growth.

In 2023, the average tap and valve export price amounted to $151,057 per ton, rising by 18% against the previous year. In general, the export price enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 191% against the previous year. The export price peaked in 2023 and is likely to see gradual 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 ($694,174 per ton), while the average price for exports to Mexico ($72,638 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 Singapore (+29.9%), 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 the U.S.. 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