Australia and Oceania: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Australia and Oceania

In 2022, the pressure-reducing iron valve market in Australia and Oceania was finally on the rise to reach $X after three years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Pressure-Reducing Iron Valve Production in Australia and Oceania

In value terms, pressure-reducing iron valve production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, saw a modest increase. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Pressure-Reducing Iron Valve Exports

Exports in Australia and Oceania

After two years of growth, overseas shipments of pressure-reducing, control, check and safety valves decreased by X% to X units in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked at X units in 2021, and then shrank rapidly in the following year.

In value terms, pressure-reducing iron valve exports fell to $X in 2022. In general, exports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Australia (X units) represented the largest exporter of pressure-reducing, control, check and safety valves, creating X% of total exports. It was distantly followed by New Zealand (X units), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pressure-reducing iron valve exports from Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest pressure-reducing iron valve supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Pressure-Reducing Iron Valve Imports

Imports in Australia and Oceania

In 2022, purchases abroad of pressure-reducing, control, check and safety valves increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pressure-reducing iron valve imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 when imports increased by X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X units) represented the key importer of pressure-reducing, control, check and safety valves, creating X% of total imports. It was distantly followed by New Zealand (X units), committing a X% share of total imports. Fiji (X units), Papua New Guinea (X units) and New Caledonia (X units) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of pressure-reducing, control, check and safety valves. At the same time, Fiji (X%) and New Caledonia (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand experienced a relatively flat trend pattern. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. Australia (X p.p.), New Zealand (X p.p.) and Fiji (X p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported pressure-reducing, control, check and safety valves in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In Australia, pressure-reducing iron valve imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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