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

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Dominican Republic: Pressure-Reducing Iron Valve Market 2023

Pressure-Reducing Iron Valve Market Size in the Dominican Republic

The Dominican pressure-reducing iron valve market soared to $X in 2021, with an increase of 20% 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). Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.7% against 2014 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from the Dominican Republic

In 2021, pressure-reducing iron valve exports from the Dominican Republic dropped sharply to X units, which is down by -23.5% compared with the year before. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 8,200% against the previous year. The exports peaked at X units in 2020, and then fell markedly in the following year.

In value terms, pressure-reducing iron valve exports dropped rapidly to $X in 2021. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 92,800% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then fell dramatically in the following year.

Exports by Country

The United States (X units), Haiti (X units) and Panama (X units) were the main destinations of pressure-reducing iron valve exports from the Dominican Republic, together accounting for 67% of total exports.

From 2012 to 2021, the biggest increases were in Panama (with a CAGR of +54.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pressure-reducing iron valve exported from the Dominican Republic were the Netherlands ($X), the United States ($X) and Haiti ($X), with a combined 76% share of total exports. These countries were followed by the UK, Mexico, Peru, Panama, Venezuela, France, Italy, Jamaica and Saint Lucia, which together accounted for a further 17%.

Venezuela, with a CAGR of +65.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2021, falling by -19.3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 1,190%. The export price peaked at $X per unit in 2020, and then dropped notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Jamaica ($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 France (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into the Dominican Republic

In 2021, approx. X units of pressure-reducing, control, check and safety valves were imported into the Dominican Republic; jumping by 40% on the previous year's figure. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2014 with an increase of 83% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, pressure-reducing iron valve imports totaled $X in 2021. In general, imports saw moderate growth. The growth pace was the most rapid in 2014 when imports increased by 75% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and Germany (X units) were the main suppliers of pressure-reducing iron valve imports to the Dominican Republic, with a combined 86% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +34.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of pressure-reducing iron valve to the Dominican Republic, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.2% per year) and Germany (-0.0% per year).

Import Prices by Country

The average pressure-reducing iron valve import price stood at $X per unit in 2021, waning by -28% against the previous year. Over the period under review, the import price faced a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the average import price decreased by less than 0.1% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-3.8%), while the prices for the other major suppliers experienced a decline.

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?

China remains the largest pressure-reducing iron valve producing country worldwide, comprising approx. 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 taken by Mexico, with a 7.5% share.

What are the leading suppliers of pressure-reducing, control, check and safety valves to the Dominican Republic?

In value terms, the United States constituted the largest supplier of pressure-reducing iron valve to the Dominican Republic, comprising 50% of total imports. The second position in the ranking was held by China, with a 16% share of total imports. It was followed by Germany, with a 12% share.

What are the leading importers of pressure-reducing, control, check and safety valves from the Dominican Republic?

In value terms, the Netherlands, the United States and Haiti were the largest markets for pressure-reducing iron valve exported from the Dominican Republic worldwide, together comprising 76% of total exports. These countries were followed by the UK, Mexico, Peru, Panama, Venezuela, France, Italy, Jamaica and Saint Lucia, which together accounted for a further 17%.

What is the average export price for pressure-reducing, control, check and safety valves in the Dominican Republic?

The average pressure-reducing iron valve export price stood at $34 per unit in 2021, falling by -19.3% against the previous year.

What is the average import price for pressure-reducing, control, check and safety valves in the Dominican Republic?

In 2021, the average pressure-reducing iron valve import price amounted to $12 per unit, declining by -28% against the previous year.

This report provides an in-depth analysis of the pressure-reducing iron valve market in the Dominican Republic. 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:

• Dominican Republic

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in the Dominican Republic

• 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