Thailand - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPressure-Reducing Iron Valve Price in Thailand - 2023
Contents:
- Pressure-Reducing Iron Valve Price in Thailand (CIF) - 2023
- Pressure-Reducing Iron Valve Price in Thailand (FOB) - 2023
- Pressure-Reducing Iron Valve Imports in Thailand
- Pressure-Reducing Iron Valve Exports in Thailand
Pressure-Reducing Iron Valve Price in Thailand (CIF) - 2023
The average pressure-reducing iron valve import price stood at $4.6 per unit in September 2023, with a decrease of -27% against the previous month. In general, the import price recorded a slight slump. The pace of growth appeared the most rapid in July 2023 an increase of 21% m-o-m. Over the period under review, average import prices hit record highs at $6.3 per unit in August 2023, and then reduced dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($10.1 per unit), while the price for China ($2.4 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the prices for the other major suppliers experienced a decline.
Pressure-Reducing Iron Valve Price in Thailand (FOB) - 2023
In September 2023, the average pressure-reducing iron valve export price amounted to $6.4 per unit, with a decrease of -6.4% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 39% against the previous month. Over the period under review, the average export prices attained the maximum at $7.3 per unit in December 2022; however, from January 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($21.4 per unit), while the average price for exports to Lao People's Democratic Republic ($1.4 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Pressure-Reducing Iron Valve Imports in Thailand
For the fourth year in a row, Thailand recorded growth in overseas purchases of pressure-reducing, control, check and safety valves, which increased by 4.3% to 12M units in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 33%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, pressure-reducing iron valve imports totaled $65M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 10% against the previous year. As a result, imports reached the peak of $67M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Pressure-Reducing Iron Valve in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.4 | 17.2 | 22.1 | 26.5 | 11.0% |
| Japan | 12.7 | 16.2 | 15.1 | 12.6 | -0.3% |
| United States | 8.7 | 12.7 | 6.0 | 6.0 | -11.6% |
| South Korea | 1.6 | 6.6 | 2.5 | 4.5 | 41.2% |
| Italy | 2.4 | 1.8 | 1.8 | 3.9 | 17.6% |
| Germany | 1.9 | 1.9 | 1.9 | 1.9 | 0.0% |
| Taiwan (Chinese) | 0.7 | 0.5 | 0.8 | 1.4 | 26.0% |
| India | 0.7 | 0.7 | 3.9 | 1.2 | 19.7% |
| France | 7.5 | 1.5 | 0.5 | 0.4 | -62.4% |
| Others | 5.6 | 8.0 | 6.2 | 5.9 | 1.8% |
| Total | 61.0 | 67.1 | 60.8 | 64.5 | 1.9% |
Top Suppliers of Pressure-Reducing Iron Valve to Thailand in 2022:
- France (undefinedM units)
- China (8.0M units)
- Japan (1.1M units)
- Italy (0.8M units)
- South Korea (0.7M units)
- United States (0.3M units)
- Taiwan (Chinese) (0.2M units)
- India (0.2M units)
- Germany (0.2M units)
Pressure-Reducing Iron Valve Exports in Thailand
In 2022, overseas shipments of pressure-reducing, control, check and safety valves decreased by -5.7% to 4.8M units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +10.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 28%. As a result, the exports reached the peak of 5.1M units, and then shrank in the following year.
In value terms, pressure-reducing iron valve exports contracted sharply to $28M in 2022. Overall, exports recorded a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, the exports attained the peak of $35M, and then reduced rapidly in the following year.
| Export of Pressure-Reducing Iron Valve in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.7 | 13.1 | 17.9 | 12.0 | -12.2% |
| Japan | 1.8 | 4.3 | 5.0 | 3.0 | 18.6% |
| Czech Republic | 1.1 | 1.3 | 2.1 | 1.7 | 15.6% |
| Indonesia | 1.3 | 0.9 | 1.2 | 1.6 | 7.2% |
| India | 0.4 | 0.3 | 0.4 | 1.6 | 58.7% |
| United States | 1.1 | 0.8 | 1.0 | 1.3 | 5.7% |
| Vietnam | 0.6 | 0.7 | 0.7 | 1.0 | 18.6% |
| Cambodia | 0.2 | 0.2 | 0.1 | 0.7 | 51.8% |
| Malaysia | 0.6 | 0.4 | 0.4 | 0.5 | -5.9% |
| Hong Kong SAR | 0.3 | 0.4 | 0.5 | 0.5 | 18.6% |
| Lao People's Democratic Republic | 0.5 | 0.3 | 0.4 | 0.4 | -7.2% |
| Myanmar | 0.7 | 0.5 | 0.7 | 0.3 | -24.6% |
| Belgium | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Others | 4.3 | 3.4 | 4.0 | 2.7 | -14.4% |
| Total | 31.0 | 26.7 | 34.7 | 27.5 | -3.9% |
Top Export Markets for Pressure-Reducing Iron Valve from Thailand in 2022:
- China (1837.3K units)
- United States (513.4K units)
- Cambodia (289.9K units)
- Japan (272.2K units)
- Indonesia (271.4K units)
- India (255.9K units)
- Lao People's Democratic Republic (218.4K units)
- Hong Kong SAR (213.0K units)
- Vietnam (184.6K units)
- Czech Republic (97.0K units)
- Malaysia (75.4K units)
- Belgium (74.5K units)
- Myanmar (46.2K units)
This report provides an in-depth analysis of the pressure-reducing iron valve market in Thailand. 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 28141120 - Pressure-reducing valves of cast iron or steel, for pipes, b oiler shells, tanks, vats and the like (excluding those combined with lubricators or filters)
- Prodcom 28141140 - Pressure-reducing valves for pipes, boiler shells, tanks, vats and the like (excluding of cast iron or steel, those combined with filters or lubricators)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
- Find deeper insights into current market developments
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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