Report Update: May 1, 2024

Philippines - Check Valves For Pipes, Boiler Shells, Tanks And Vats - Market Analysis, Forecast, Size, Trends And Insights

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Check Valve Price in the Philippines - 2023

Check Valve Price in the Philippines (CIF) - 2022

The average check valve import price stood at $39,155 per ton in July 2022, approximately equating the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average import price increased by less than 0.1% against the previous month. Over the period under review, average import prices hit record highs at $41,636 per ton in July 2021; however, from August 2021 to July 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In July 2022, the highest price was recorded for prices from India ($39,155 per ton) and Japan ($39,155 per ton), while the price for Singapore ($39,155 per ton) and China ($39,155 per ton) were amongst the lowest.

From July 2021 to July 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.5%), while the prices for the other major suppliers experienced a decline.

Check Valve Price in the Philippines (FOB) - 2022

The average check valve export price stood at $63,355 per ton in 2022, increasing by 5.5% against the previous year. Overall, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 64%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($63,355 per ton) and Morocco ($63,355 per ton), while the average price for exports to Vietnam ($63,346 per ton) and China ($63,354 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports in the Philippines

In 2022, the amount of check valves for pipes, boiler shells, tanks and vats imported into the Philippines surged to 556 tons, jumping by 36% against the previous year's figure. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, check valve imports totaled $13M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 20%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Check Valve in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	2,746	3,034	4,835	4,440	17.4%
China	2,425	1,919	2,184	2,770	4.5%
United States	823	807	834	866	1.7%
Singapore	845	675	1,226	681	-6.9%
Thailand	449	359	627	663	13.9%
India	119	82.4	40.2	613	72.7%
Germany	491	1,294	427	503	0.8%
Malaysia	146	135	283	364	35.6%
South Korea	402	118	169	317	-7.6%
Taiwan (Chinese)	451	282	240	229	-20.2%
Italy	213	108	618	214	0.2%
United Kingdom	269	171	61.8	134	-20.7%
United Arab Emirates	95.3	62.7	74.2	108	4.3%
Others	2,220	1,275	740	1,048	-22.1%
Total	11,696	10,322	12,359	12,949	3.5%

Top Suppliers of Check Valve to the Philippines in 2022:

China (167.0 tons)
Japan (86.2 tons)
United States (49.8 tons)
Singapore (37.3 tons)
Thailand (36.4 tons)
India (33.8 tons)
United Arab Emirates (23.1 tons)
Malaysia (21.8 tons)
South Korea (19.7 tons)
Taiwan (Chinese) (16.0 tons)
Italy (11.8 tons)
Germany (10.2 tons)
United Kingdom (7.7 tons)

Check Valve Exports in the Philippines

In 2022, the amount of check valves for pipes, boiler shells, tanks and vats exported from the Philippines fell dramatically to 6.5 tons, shrinking by -54.2% against the previous year. Over the period under review, exports, however, saw a temperate increase. The pace of growth appeared the most rapid in 2021 when exports increased by 474%. As a result, the exports attained the peak of 14 tons, and then declined rapidly in the following year.

In value terms, check valve exports shrank significantly to $411K in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 584% against the previous year. As a result, the exports attained the peak of $851K, and then declined sharply in the following year.

Export of Check Valve in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	112	N/A	502	174	15.8%
United States	17.2	99.9	125	133	97.7%
Saudi Arabia	N/A	N/A	53.1	53.9	1.5%
Japan	3.1	N/A	0.1	17.6	78.4%
Palau	N/A	N/A	N/A	16.1	0%
Morocco	N/A	N/A	N/A	11.3	0%
Belgium	31.3	N/A	69.3	4.2	-48.8%
Turkey	N/A	N/A	34.4	0.3	-99.1%
Myanmar	28.2	N/A	10.6	N/A	-38.7%
Others	39.6	24.6	56.2	1.1	-69.7%
Total	231	124	851	411	21.2%

Top Export Markets for Check Valve from the Philippines in 2022:

Australia (2747.0 kg)
United States (2099.0 kg)
Saudi Arabia (850.0 kg)
Japan (278.0 kg)
Palau (255.0 kg)
Morocco (178.0 kg)
Belgium (66.0 kg)
Turkey (5.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the check valve market in the Philippines. 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.

Product coverage:

Prodcom 28141160 - Check valves for pipes, boiler shells, tanks, vats and the like

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023