Mexico: Pressure-Reducing Iron Valve Market 2023

Pressure-Reducing Iron Valve Market Size in Mexico

The Mexican pressure-reducing iron valve market dropped to $X in 2021, waning by -5.7% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Pressure-Reducing Iron Valve Production in Mexico

In value terms, pressure-reducing iron valve production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 52% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Mexico

In 2021, approx. X units of pressure-reducing, control, check and safety valves were exported from Mexico; surging by 282% compared with the year before. Overall, exports showed prominent growth. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports reached $X in 2021. In general, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -19.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for pressure-reducing iron valve exports from Mexico, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +10.9%.

In value terms, the United States ($X) also remains the key foreign market for pressure-reducing iron valve exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +5.7%.

Export Prices by Country

In 2021, the average pressure-reducing iron valve export price amounted to $X per unit, shrinking by -71.5% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 192%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -4.7% per year.

Pressure-Reducing Iron Valve Imports

Imports into Mexico

For the sixth consecutive year, Mexico recorded growth in overseas purchases of pressure-reducing, control, check and safety valves, which increased by 93% to X units in 2021. Over the period under review, imports enjoyed a mild increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pressure-reducing iron valve imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of pressure-reducing iron valve to Mexico, with a 43% share of total imports. Moreover, pressure-reducing iron valve imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.1% per year) and Germany (+20.6% per year).

In value terms, the United States ($X) constituted the largest supplier of pressure-reducing iron valve to Mexico, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by China, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.0% per year) and China (+9.7% per year).

Import Prices by Country

In 2021, the average pressure-reducing iron valve import price amounted to $X per unit, reducing by -39.9% against the previous year. In general, the import price, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2015 an increase of 579%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($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 United States (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :