Report Colombia - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 14, 2023

Colombia - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Pressure-Reducing Iron Valve Market 2023

Pressure-Reducing Iron Valve Market Size in Colombia

The Colombian pressure-reducing iron valve market dropped to $X in 2021, which is down by -12.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a pronounced setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports from Colombia

In 2021, exports of pressure-reducing, control, check and safety valves from Colombia skyrocketed to X units, with an increase of 83% against 2020. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked 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 surged to $X in 2021. In general, exports posted a slight expansion. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X units) was the main destination for pressure-reducing iron valve exports from Colombia, with a 77% share of total exports. Moreover, pressure-reducing iron valve exports to Peru exceeded the volume sent to the second major destination, Mexico (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Peru totaled +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-9.1% per year) and the United States (+4.2% per year).

In value terms, Peru ($X) remains the key foreign market for pressure-reducing iron valve exports from Colombia, comprising 72% of total exports. The second position in the ranking was held by Mexico ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Peru stood at +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-10.3% per year) and the United States (-5.8% per year).

Export Prices by Country

In 2021, the average pressure-reducing iron valve export price amounted to $X per unit, which is down by -4.4% against the previous year. Overall, the export price recorded a perceptible contraction. The growth pace was the most rapid in 2014 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Mexico ($X per unit), while the average price for exports to the United States ($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 Mexico (-1.3%), while the prices for the other major destinations experienced a decline.

Pressure-Reducing Iron Valve Imports

Imports into Colombia

In 2021, the amount of pressure-reducing, control, check and safety valves imported into Colombia rose sharply to X units, growing by 6.8% against the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 41%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports contracted modestly to $X in 2021. In general, imports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 55% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pressure-reducing iron valve to Colombia, with a 54% share of total imports. Moreover, pressure-reducing iron valve imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Italy (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.2% per year) and Italy (+5.8% per year).

In value terms, the United States ($X) constituted the largest supplier of pressure-reducing iron valve to Colombia, comprising 29% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Italy, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.3% per year) and Italy (+10.1% per year).

Import Prices by Country

In 2021, the average pressure-reducing iron valve import price amounted to $X per unit, declining by -9% against the previous year. Over the period under review, the import price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 12%. As a result, import price attained the peak level of $X per unit. From 2015 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 Mexico ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for pressure-reducing, control, check and safety valves in the world?
+
The countries with the highest volumes of consumption in 2021 were Nigeria, China and the United States, with a combined 55% share of global consumption.
What are the largest producers of pressure-reducing, control, check and safety valves in the world?
+
The country with the largest volume of pressure-reducing iron valve production was China, accounting for 34% of total volume. Moreover, pressure-reducing iron valve production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was held by Mexico, with a 7.5% share.
What are the leading suppliers of pressure-reducing, control, check and safety valves to Colombia?
+
In value terms, the United States constituted the largest supplier of pressure-reducing iron valve to Colombia, comprising 29% of total imports. The second position in the ranking was taken by China, with a 12% share of total imports. It was followed by Italy, with an 8.4% share.
What are the leading importers of pressure-reducing, control, check and safety valves from Colombia?
+
In value terms, Peru remains the key foreign market for pressure-reducing iron valve exports from Colombia, comprising 72% of total exports. The second position in the ranking was taken by Mexico, with a 19% share of total exports.
What is the average export price for pressure-reducing, control, check and safety valves in Colombia?
+
The average pressure-reducing iron valve export price stood at $19 per unit in 2021, shrinking by -4.4% against the previous year.
What is the average import price for pressure-reducing, control, check and safety valves in Colombia?
+
In 2021, the average pressure-reducing iron valve import price amounted to $19 per unit, waning by -9% against the previous year.

This report provides an in-depth analysis of the pressure-reducing iron valve market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 28141120 - Pressure-reducing valves of cast iron or steel, for pipes, b oiler shells, tanks, vats and the like (excluding those combined with lubricators or filters)
• Prodcom 28141140 - Pressure-reducing valves for pipes, boiler shells, tanks, vats and the like (excluding of cast iron or steel, those combined with filters or lubricators)
Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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