EU: Pressure-Reducing Iron Valve Market 2023

Pressure-Reducing Iron Valve Market Size in the EU

In 2022, the EU pressure-reducing iron valve market decreased by -1.2% to $X, falling for the second year in a row after four years of growth. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.4% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Production in the EU

In value terms, pressure-reducing iron valve production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 36% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports in the EU

In 2022, approx. X units of pressure-reducing, control, check and safety valves were exported in the European Union; standing approx. at the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, pressure-reducing iron valve exports contracted slightly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Italy (X units), distantly followed by Germany (X units), Hungary (X units) and Denmark (X units) represented the largest exporters of pressure-reducing, control, check and safety valves, together constituting 72% of total exports. The Czech Republic (X units), France (X units), Poland (X units), Romania (X units), Spain (X units), the Netherlands (X units), Sweden (X units) and Bulgaria (X units) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +39.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Denmark ($X) were the countries with the highest levels of exports in 2022, together accounting for 66% of total exports. Hungary, France, the Czech Republic, the Netherlands, Poland, Romania, Sweden, Bulgaria and Spain lagged somewhat behind, together accounting for a further 27%.

Among the main exporting countries, Bulgaria, with a CAGR of +35.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, with a decrease of -5.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 7% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.5%), while the other leaders experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports in the EU

In 2022, overseas purchases of pressure-reducing, control, check and safety valves increased by 1.6% to X units, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, pressure-reducing iron valve imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 12%. As a result, imports reached the peak of $X, and then shrank slightly in the following year.

Imports by Country

Germany (X units) and Spain (X units) were the main importers of pressure-reducing, control, check and safety valves in 2022, accounting for approx. 21% and 16% of total imports, respectively. Italy (X units) took the next position in the ranking, followed by France (X units), Poland (X units) and the Czech Republic (X units). All these countries together held near 24% share of total imports. The following importers - Denmark (X units), Belgium (X units), the Netherlands (X units), Romania (X units), Greece (X units), Portugal (X units) and Austria (X units) - together made up 27% of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +14.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported pressure-reducing, control, check and safety valves in the European Union, comprising 27% of total imports. The second position in the ranking was held by France ($X), with an 8.6% share of total imports. It was followed by the Czech Republic, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to +4.2%. The remaining importing countries recorded the following average annual rates of imports growth: France (+3.0% per year) and the Czech Republic (+1.0% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, shrinking by -3.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the Czech Republic ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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