ASEAN: Check Valve Market 2024

Check Valve Market Size in ASEAN

In 2022, the ASEAN check valve market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, continues to indicate a pronounced slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Check Valve Production in ASEAN

In value terms, check valve production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, saw a mild setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Check Valve Exports

Exports in ASEAN

In 2022, shipments abroad of check valves for pipes, boiler shells, tanks and vats increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, check valve exports surged to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia was the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Thailand (X tons) and Singapore (X tons), together achieving a X% share of total exports. Malaysia (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest check valve supplying countries in ASEAN were Singapore ($X), Indonesia ($X) and Thailand ($X), with a combined X% share of total exports.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Check Valve Imports

Imports in ASEAN

In 2022, approx. X tons of check valves for pipes, boiler shells, tanks and vats were imported in ASEAN; with an increase of X% against 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, check valve imports soared to $X in 2022. Overall, imports, however, continue to indicate a slight reduction. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons), distantly followed by Indonesia (X tons), Thailand (X tons), Myanmar (X tons) and Singapore (X tons) represented the major importers of check valves for pipes, boiler shells, tanks and vats, together making up X% of total imports. The following importers - Vietnam (X tons) and the Philippines (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Indonesia, Vietnam, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in ASEAN stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price showed a slight downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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