Dominican Republic: Safety Valve Market 2024

Safety Valve Market Size in the Dominican Republic

In 2022, the Dominican safety valve market increased by X% to $X, rising for the fifth consecutive year after two years of decline. In general, the total consumption indicated a resilient increase 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 2017 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Safety Valve Production in the Dominican Republic

In value terms, safety valve production reached $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth 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 growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Safety Valve Exports

Exports from the Dominican Republic

In 2022, after two years of growth, there was significant decline in overseas shipments of safety or relief valves for pipes, boiler shells, tanks and vats, when their volume decreased by X% to X tons. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, safety valve exports rose slightly to $X in 2022. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Haiti (X tons) was the main destination for safety valve exports from the Dominican Republic, with a X% share of total exports. It was followed by the United States (X kg), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Haiti totaled X%.

In value terms, Haiti ($X) remains the key foreign market for safety or relief valves for pipes, boiler shells, tanks and vats exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti stood at X%.

Export Prices by Country

In 2022, the average safety valve export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (X%).

Safety Valve Imports

Imports into the Dominican Republic

Safety valve imports into the Dominican Republic stood at X tons in 2022, remaining constant against 2021. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, safety valve imports skyrocketed to $X in 2022. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of safety valve imports to the Dominican Republic, together accounting for X% of total imports. Italy, Colombia and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of safety or relief valves for pipes, boiler shells, tanks and vats to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average safety valve import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a deep slump. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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