Latin America and the Caribbean: Safety Valve Market 2024

Safety Valve Market Size in Latin America and the Caribbean

The Latin American safety valve market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption showed a slight decline. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Safety Valve Production in Latin America and the Caribbean

In value terms, safety valve production stood at $X in 2022 estimated in export price. The total production indicated a perceptible expansion 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Safety Valve Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of safety or relief valves for pipes, boiler shells, tanks and vats increased by X% to X tons, rising for the fourth consecutive year after three years of decline. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, safety valve exports stood at $X in 2022. The total export value 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 in certain years. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Mexico dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. Brazil (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the safety or relief valves for pipes, boiler shells, tanks and vats exports, with a CAGR of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. From 2012 to 2022, the share of Mexico increased by X percentage points.

In value terms, Mexico ($X) remains the largest safety valve supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

In Mexico, safety valve exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, which is down by X% against the previous year. In general, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Mexico amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Safety Valve Imports

Imports in Latin America and the Caribbean

In 2022, safety valve imports in Latin America and the Caribbean fell to X tons, waning by X% against 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, safety valve imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X tons) represented the largest importer of safety or relief valves for pipes, boiler shells, tanks and vats, comprising X% of total imports. Brazil (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%). The following importers - Peru (X tons), Guatemala (X tons), Costa Rica (X tons), Chile (X tons), Argentina (X tons), the Dominican Republic (X tons) and Ecuador (X tons) - together made up X% of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, the Dominican Republic (X%), Ecuador (X%), Guatemala (X%), Brazil (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Costa Rica (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico and Brazil increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest safety valve importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Colombia ($X), together accounting for X% of total imports. Chile, Costa Rica, Peru, Argentina, Guatemala, Ecuador and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

The Dominican Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price showed a slight expansion. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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