Argentina: Pressure-Reducing Iron Valve Market 2023

Pressure-Reducing Iron Valve Market Size in Argentina

In 2021, after two years of growth, there was decline in the Argentinian pressure-reducing iron valve market, when its value decreased by -0.9% to $X. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Pressure-Reducing Iron Valve Production in Argentina

In value terms, pressure-reducing iron valve production contracted to $X in 2021 estimated in export price. Over the period under review, production recorded a slight slump. The most prominent rate of growth was recorded in 2016 with an increase of 21% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Argentina

In 2021, overseas shipments of pressure-reducing, control, check and safety valves decreased by -10.4% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2018 with an increase of 3.2%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pressure-reducing iron valve exports declined rapidly to $X in 2021. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2018 with an increase of 4.1%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X units), Brazil (X units) and Bolivia (X units) were the main destinations of pressure-reducing iron valve exports from Argentina, together accounting for 62% of total exports. These countries were followed by Chile, Peru, India and Mexico, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +10.0%), while the other leaders experienced a decline.

In value terms, Colombia ($X) remains the key foreign market for pressure-reducing iron valve exports from Argentina, comprising 38% of total exports. The second position in the ranking was held by Brazil ($X), with a 15% share of total exports. It was followed by Bolivia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Colombia amounted to -12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-13.7% per year) and Bolivia (-18.3% per year).

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2021, falling by -13.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 32%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into Argentina

In 2021, purchases abroad of pressure-reducing, control, check and safety valves was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a deep slump. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pressure-reducing iron valve imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest pressure-reducing iron valve supplier to Argentina, with a 39% share of total imports. Moreover, pressure-reducing iron valve imports from China exceeded the figures recorded by the second-largest supplier, Israel (X units), threefold. The third position in this ranking was held by Japan (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+37.4% per year) and Japan (+46.3% per year).

In value terms, the largest pressure-reducing iron valve suppliers to Argentina were China ($X), Brazil ($X) and the United States ($X), with a combined 40% share of total imports.

Among the main suppliers, China, with a CAGR of +38.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average pressure-reducing iron valve import price amounted to $X per unit, waning by -9.8% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pressure-reducing iron valve import price decreased by -22.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 89% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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