Greece: Safety Valve Market 2024

Safety Valve Market Size in Greece

The Greek safety valve market totaled $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the market value increased by X%. Safety valve consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Safety Valve Production in Greece

In value terms, safety valve production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Safety Valve Exports

Exports from Greece

In 2022, overseas shipments of safety or relief valves for pipes, boiler shells, tanks and vats were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, safety valve exports surged to $X in 2022. Overall, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 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 the near future.

Exports by Country

Italy (X tons) was the main destination for safety valve exports from Greece, accounting for a X% share of total exports. Moreover, safety valve exports to Italy exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Albania (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Albania (X% per year).

In value terms, Italy ($X) emerged as the key foreign market for safety or relief valves for pipes, boiler shells, tanks and vats exports from Greece, comprising X% of total exports. The second position in the ranking was taken by France ($X), with an X% share of total exports. It was followed by Albania, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Albania (X% per year).

Export Prices by Country

In 2022, the average safety valve export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Safety Valve Imports

Imports into Greece

In 2022, overseas purchases of safety or relief valves for pipes, boiler shells, tanks and vats decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, safety valve imports dropped significantly to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest safety valve supplier to Greece, with a X% share of total imports. Moreover, safety valve imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest safety valve suppliers to Greece were China ($X), Italy ($X) and Germany ($X), together accounting for X% of total imports. Belgium, Poland and South Korea lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average safety valve import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then shrank slightly in the following year.

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 Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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