Brazil: Pressure-Reducing Iron Valve Market 2023

Pressure-Reducing Iron Valve Market Size in Brazil

In 2021, the Brazilian pressure-reducing iron valve market increased by 44% to $X, rising for the fifth consecutive year after three years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +82.5% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pressure-Reducing Iron Valve Exports

Exports from Brazil

In 2021, after two years of decline, there was significant growth in overseas shipments of pressure-reducing, control, check and safety valves, when their volume increased by 20% to X units. Overall, exports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 46% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports surged to $X in 2021. Over the period under review, exports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when exports increased by 88%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Paraguay (X units), the United States (X units) and Ecuador (X units) were the main destinations of pressure-reducing iron valve exports from Brazil, with a combined 45% share of total exports. These countries were followed by Germany, Argentina, Mexico, the Netherlands, Colombia, Chile, Peru, Saint Lucia, Bolivia and the Dominican Republic, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saint Lucia (with a CAGR of +208.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for pressure-reducing iron valve exports from Brazil, comprising 28% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by Argentina, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.7% per year) and Argentina (-17.3% per year).

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2021, surging by 5.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 29%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Paraguay ($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 Saint Lucia (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into Brazil

In 2021, pressure-reducing iron valve imports into Brazil soared to X units, jumping by 36% compared with the previous year's figure. Overall, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pressure-reducing iron valve imports surged to $X in 2021. In general, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.8% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest pressure-reducing iron valve supplier to Brazil, accounting for a 31% share of total imports. Moreover, pressure-reducing iron valve imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was held by the United States (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.9% per year) and the United States (+1.5% per year).

In value terms, the United States ($X) constituted the largest supplier of pressure-reducing iron valve to Brazil, comprising 29% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Italy, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.6% per year) and Italy (+5.8% per year).

Import Prices by Country

In 2021, the average pressure-reducing iron valve import price amounted to $X per unit, surging by 3.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 24%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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