Turkey - 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 Turkey - 2023
Contents:
- Pressure-Reducing Iron Valve Price in Turkey (CIF) - 2023
- Pressure-Reducing Iron Valve Price in Turkey (FOB) - 2023
- Pressure-Reducing Iron Valve Imports in Turkey
- Pressure-Reducing Iron Valve Exports in Turkey
Pressure-Reducing Iron Valve Price in Turkey (CIF) - 2023
The average pressure-reducing iron valve import price stood at $8.7 per unit in September 2023, which is down by -16.9% against the previous month. Over the period under review, import price indicated a slight expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, pressure-reducing iron valve import price decreased by -17.2% against June 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 65% m-o-m. Over the period under review, average import prices hit record highs at $10.5 per unit in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($23.9 per unit), while the price for Lithuania ($1.2 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 Japan (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Pressure-Reducing Iron Valve Price in Turkey (FOB) - 2023
In September 2023, the average pressure-reducing iron valve export price amounted to $4.4 per unit, which is down by -19.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in November 2022 an increase of 31% month-to-month. Over the period under review, the average export prices hit record highs at $5.5 per unit in August 2023, and then shrank dramatically in the following month.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Iran ($7.5 per unit), while the average price for exports to Libya ($962 per thousand units) 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 Iran (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Pressure-Reducing Iron Valve Imports in Turkey
For the fourth consecutive year, Turkey recorded growth in overseas purchases of pressure-reducing, control, check and safety valves, which increased by 10% to 8.9M units in 2022. The total import volume increased at an average annual rate of +12.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 16%. 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, pressure-reducing iron valve imports totaled $67M in 2022. The total import value increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
Import of Pressure-Reducing Iron Valve in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 11.6 | 12.5 | 14.3 | 17.6 | 14.9% |
Germany | 7.2 | 7.7 | 6.9 | 7.7 | 2.3% |
China | 3.0 | 6.2 | 7.4 | 7.1 | 33.3% |
United States | 3.4 | 3.7 | 3.7 | 4.2 | 7.3% |
Czech Republic | 5.5 | 5.9 | 4.3 | 4.1 | -9.3% |
Hungary | 1.9 | 2.1 | 3.2 | 3.5 | 22.6% |
Poland | 0.7 | 0.8 | 3.0 | 3.0 | 62.4% |
Thailand | 1.8 | 1.8 | 2.8 | 2.8 | 15.9% |
Chile | 1.2 | 0.3 | 1.1 | 2.6 | 29.4% |
Japan | 2.6 | 1.5 | 2.4 | 2.3 | -4.0% |
France | 1.7 | 1.5 | 2.5 | 2.2 | 9.0% |
South Korea | 1.1 | 1.1 | 1.1 | 1.1 | 0.0% |
Switzerland | 0.6 | 0.7 | 0.5 | 0.8 | 10.1% |
Others | 5.8 | 7.9 | 8.5 | 7.8 | 10.4% |
Total | 47.9 | 53.8 | 61.8 | 67.0 | 11.8% |
Top Suppliers of Pressure-Reducing Iron Valve to Turkey in 2022:
- Italy (2690.2K units)
- China (1510.5K units)
- Thailand (843.2K units)
- Chile (635.1K units)
- Germany (441.0K units)
- Czech Republic (345.5K units)
- France (308.7K units)
- Japan (295.2K units)
- Hungary (274.3K units)
- South Korea (255.2K units)
- Switzerland (226.8K units)
- Poland (178.7K units)
- United States (164.1K units)
Pressure-Reducing Iron Valve Exports in Turkey
In 2022, the amount of pressure-reducing, control, check and safety valves exported from Turkey rose significantly to 9.6M units, increasing by 6.8% on the previous year's figure. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 9%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, pressure-reducing iron valve exports expanded markedly to $35M in 2022. Over the period under review, exports, however, saw a slight downturn. The growth pace was the most rapid in 2021 with an increase of 12%. Over the period under review, the exports reached the maximum at $36M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Pressure-Reducing Iron Valve in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 16.9 | 7.9 | 5.9 | 4.4 | -36.1% |
Russia | 0.5 | 0.4 | 0.7 | 2.8 | 77.6% |
Algeria | 1.1 | 1.6 | 1.5 | 2.6 | 33.2% |
India | 1.1 | 1.3 | 1.5 | 1.7 | 15.6% |
Iraq | 1.1 | 1.0 | 0.9 | 1.6 | 13.3% |
Senegal | N/A | N/A | 0.1 | 1.3 | 1200.0% |
Libya | 0.5 | 0.4 | 0.7 | 1.2 | 33.9% |
Azerbaijan | 0.6 | 1.6 | 1.0 | 1.1 | 22.4% |
Chile | 1.2 | 0.9 | 1.3 | 1.1 | -2.9% |
Georgia | 1.0 | 0.5 | 0.6 | 1.0 | 0.0% |
Italy | 0.6 | 0.6 | 2.8 | 0.9 | 14.5% |
Hungary | 0.6 | 0.4 | 0.6 | 0.9 | 14.5% |
Uzbekistan | 0.3 | 0.4 | 0.6 | 0.7 | 32.6% |
Others | 10.8 | 12.2 | 14.7 | 13.7 | 8.3% |
Total | 36.4 | 29.3 | 32.9 | 35.1 | -1.2% |
Top Export Markets for Pressure-Reducing Iron Valve from Turkey in 2022:
- Algeria (885.4K units)
- Libya (622.9K units)
- Germany (603.9K units)
- Russia (575.1K units)
- India (498.5K units)
- Chile (441.5K units)
- Iraq (421.9K units)
- Senegal (412.7K units)
- Uzbekistan (306.8K units)
- Georgia (289.3K units)
- Hungary (285.8K units)
- Azerbaijan (270.9K units)
- Italy (224.5K units)
This report provides an in-depth analysis of the pressure-reducing iron valve market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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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