Chile: Pressure-Reducing Iron Valve Market 2023

Pressure-Reducing Iron Valve Market Size in Chile

The Chilean pressure-reducing iron valve market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Chile

In 2021, shipments abroad of pressure-reducing, control, check and safety valves decreased by -35.3% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 84% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports declined notably to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 184% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Peru (X units), Argentina (X units) and Uruguay (X units) were the main destinations of pressure-reducing iron valve exports from Chile, with a combined 87% share of total exports. Bolivia, Australia, Brazil, Ecuador and Mexico lagged somewhat behind, together accounting for a further 9.2%.

From 2012 to 2021, the biggest increases were in Ecuador (with a CAGR of +37.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) emerged as the key foreign market for pressure-reducing iron valve exports from Chile, comprising 47% of total exports. The second position in the ranking was held by Peru ($X), with a 21% share of total exports. It was followed by Bolivia, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-3.7% per year) and Bolivia (+4.1% per year).

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2021, reducing by -16.6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 54% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Brazil ($X per unit), while the average price for exports to Uruguay ($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 Bolivia (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into Chile

In 2021, supplies from abroad of pressure-reducing, control, check and safety valves was finally on the rise to reach X units after two years of decline. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 22%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible downturn. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest pressure-reducing iron valve supplier to Chile, with a 58% share of total imports. Moreover, pressure-reducing iron valve imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sevenfold. The third position in this ranking was held by Italy (X units), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+16.7% per year) and Italy (-4.1% per year).

In value terms, the largest pressure-reducing iron valve suppliers to Chile were China ($X), the United States ($X) and Italy ($X), together comprising 53% of total imports.

China, with a CAGR of +16.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, approximately reflecting the previous year. Over the period under review, the import price, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 13%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average 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 Israel ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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