CIS: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in CIS

The CIS pressure-reducing iron valve market expanded markedly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a pronounced expansion 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, consumption increased by X% against 2014 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Pressure-Reducing Iron Valve Production in CIS

In value terms, pressure-reducing iron valve production totaled $X in 2022 estimated in export price. The total production indicated a notable expansion 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports in CIS

In 2022, approx. X units of pressure-reducing, control, check and safety valves were exported in the CIS; with a decrease of X% compared with the previous year. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, pressure-reducing iron valve exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; 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 exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus (X units) and Russia (X units) dominates exports structure, together generating X% of total exports. Kazakhstan (X units) held a little 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 Kazakhstan (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Russia ($X) remains the largest pressure-reducing iron valve supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports.

In Russia, pressure-reducing iron valve exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, growing by X% against the previous year. Export price indicated slight growth from 2012 to 2022: its price 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, pressure-reducing iron valve export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Pressure-Reducing Iron Valve Imports

Imports in CIS

Pressure-reducing iron valve imports declined slightly to X units in 2022, remaining relatively unchanged against 2021 figures. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, pressure-reducing iron valve imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Russia was the largest importing country with an import of about X units, which amounted to X% of total imports. Belarus (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (X%) and Kazakhstan (X%). Azerbaijan (X units) and Armenia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pressure-reducing iron valve imports into Russia stood at X%. At the same time, Uzbekistan (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Armenia experienced a relatively flat trend pattern. By contrast, Azerbaijan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan and Belarus increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported pressure-reducing, control, check and safety valves in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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