Ireland: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Ireland

The Irish pressure-reducing iron valve market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption posted a remarkable increase. Pressure-reducing iron valve consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Pressure-Reducing Iron Valve Production in Ireland

In value terms, pressure-reducing iron valve production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Ireland

In 2022, shipments abroad of pressure-reducing, control, check and safety valves increased by X% to X units for the first time since 2013, thus ending a eight-year declining trend. Over the period under review, exports, however, recorded a precipitous descent. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports soared to $X in 2022. In general, exports, however, faced a sharp contraction. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units), the UK (X units) and Switzerland (X units) were the main destinations of pressure-reducing iron valve exports from Ireland, together accounting for X% of total exports. Mexico, Israel, the United States, Germany, Spain, France, Australia, Poland, Saudi Arabia and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pressure-reducing iron valve exported from Ireland were the United States ($X), Singapore ($X) and the UK ($X), with a combined X% share of total exports. Switzerland, Germany, Poland, Israel, France, Spain, Italy, Australia, Saudi Arabia and Mexico lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Israel, with a CAGR of X%, 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

The average pressure-reducing iron valve export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price recorded a pronounced slump. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit 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 the United States ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

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

Pressure-Reducing Iron Valve Imports

Imports into Ireland

In 2022, purchases abroad of pressure-reducing, control, check and safety valves increased by X% to X units, rising for the second year in a row after four years of decline. Overall, imports, however, saw a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a deep slump. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X units), Germany (X units) and China (X units) were the main suppliers of pressure-reducing iron valve imports to Ireland, together comprising X% of total imports. Denmark, Italy, the United States, France, Switzerland and Israel lagged somewhat behind, together comprising a further X%.

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

In value terms, the UK ($X), Germany ($X) and Denmark ($X) constituted the largest pressure-reducing iron valve suppliers to Ireland, together accounting for X% of total imports.

Among the main suppliers, Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pressure-reducing iron valve import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

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 Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :