Eastern Asia: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Eastern Asia

The East Asian pressure-reducing iron valve market rose markedly to $X in 2022, surging by X% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Pressure-Reducing Iron Valve Production in Eastern Asia

In value terms, pressure-reducing iron valve production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, saw slight growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Pressure-Reducing Iron Valve Exports

Exports in Eastern Asia

Pressure-reducing iron valve exports shrank to X units in 2022, which is down by X% compared with the previous year's figure. The total export volume 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 pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, pressure-reducing iron valve exports amounted to $X in 2022. Total exports indicated a remarkable 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X units) represented the largest exporter of pressure-reducing, control, check and safety valves, generating X% of total exports. South Korea (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%) and Taiwan (Chinese) (X%). Hong Kong SAR (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pressure-reducing iron valve exports from China stood at X%. At the same time, Taiwan (Chinese) (X%), Hong Kong SAR (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pressure-reducing iron valve supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports in Eastern Asia

Pressure-reducing iron valve imports dropped to X units in 2022, falling by X% compared with the previous year's figure. The total import volume 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 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports totaled $X in 2022. Total imports indicated a temperate 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

China was the largest importing country with an import of around X units, which recorded X% of total imports. Japan (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and Taiwan (Chinese) (X%). Hong Kong SAR (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of imports of pressure-reducing, control, check and safety valves. At the same time, Taiwan (Chinese) (X%), South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), Taiwan (Chinese) (X p.p.) and Japan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.) and China (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported pressure-reducing, control, check and safety valves in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Taiwan (Chinese) ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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