EU: Pressure-Reducing Iron Valve Market 2023

Pressure-Reducing Iron Valve Market Size in the EU

The EU pressure-reducing iron valve market totaled $X in 2021, growing by 4.2% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Production in the EU

In value terms, pressure-reducing iron valve production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 29%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports in the EU

In 2021, the amount of pressure-reducing, control, check and safety valves exported in the European Union stood at X units, picking up by 14% against the previous year's figure. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, pressure-reducing iron valve exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Italy (X units), distantly followed by Germany (X units), Denmark (X units), Hungary (X units) and France (X units) were the largest exporters of pressure-reducing, control, check and safety valves, together making up 76% of total exports. The Czech Republic (X units), Poland (X units), Spain (X units), Austria (X units), the Netherlands (X units), Romania (X units) and Sweden (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +8.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve supplying countries in the European Union were Germany ($X), Italy ($X) and Denmark ($X), with a combined 66% share of total exports. Hungary, France, the Czech Republic, the Netherlands, Poland, Austria, Romania, Sweden and Spain lagged somewhat behind, together comprising a further 27%.

Poland, with a CAGR of +10.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, growing by 4.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 4.7% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+9.5%), while the other leaders experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports in the EU

In 2021, supplies from abroad of pressure-reducing, control, check and safety valves increased by 8.6% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 16% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, pressure-reducing iron valve imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) and Spain (X units) represented the main importers of pressure-reducing, control, check and safety valves in the European Union, together making up 37% of total imports. Italy (X units) took a 6.3% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (6.1%), Poland (5.7%), France (5.7%) and the Netherlands (4.8%). The following importers - Romania (X units), Belgium (X units), Denmark (X units), Austria (X units), Portugal (X units) and Sweden (X units) - together made up 21% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Germany (with a CAGR of +5.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported pressure-reducing, control, check and safety valves in the European Union, comprising 27% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 8.4% share of total imports. It was followed by France, with an 8.2% share.

In Germany, pressure-reducing iron valve imports increased at an average annual rate of +4.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (+1.9% per year) and France (+3.0% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, picking up by 3.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 14% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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