Overview of the Market for Plumbing Fixture Fitting And Trim in the USA

In 2019, after two years of growth, there was significant decline in the U.S. market for plumbing fixture fittings and trims, when its value decreased by -% to $. The market value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2018 with an increase of % year-to-year. As a result, consumption reached the peak level of $, and then declined in the following year.

In value terms, plumbing fixture fitting and trim production stood at $ in 2019. The total output value increased at an average annual rate of +% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of % y-o-y. Over the period under review, production hit record highs in 2019 and is likely to see gradual growth in years to come.

After two years of growth, consumption of plumbing fixture fittings and trims decreased by -% to tonnes in 2019. Over the period under review, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of % y-o-y. As a result, consumption attained the peak volume of tonnes, and then dropped in the following year.

The value of the market for plumbing fixture fittings and trims in the U.S. dropped to $ in 2019, waning by -% 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 +% from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $, and then dropped in the following year.

Driven by increasing demand for plumbing fixture fitting and trim in the U.S., 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 +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .

In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.

The U.S. remains a net importer of plumbing fixture fitting and trim; in physical and value terms, imports consistently exceeded exports from 2013 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.