Portugal: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Portugal

For the third year in a row, the Portuguese pressure-reducing iron valve market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Pressure-reducing iron valve consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Pressure-Reducing Iron Valve Production in Portugal

In value terms, pressure-reducing iron valve production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Portugal

In 2022, approx. X units of pressure-reducing, control, check and safety valves were exported from Portugal; waning by X% against 2021 figures. The total export volume 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, pressure-reducing iron valve exports contracted slightly to $X in 2022. In general, total exports indicated a remarkable increase 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X units) was the main destination for pressure-reducing iron valve exports from Portugal, accounting for a X% share of total exports. Moreover, pressure-reducing iron valve exports to Angola exceeded the volume sent to the second major destination, Spain (X units), threefold. The third position in this ranking was taken by Cabo Verde (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Angola amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Cabo Verde (X% per year).

In value terms, the largest markets for pressure-reducing iron valve exported from Portugal were Brazil ($X), Angola ($X) and the UK ($X), with a combined X% share of total exports. Italy, Spain, France, Germany, Cabo Verde, Vietnam, Morocco, Mozambique, Sudan and Guinea-Bissau lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pressure-reducing iron valve export price amounted to $X per unit, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Guinea-Bissau ($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 Sudan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into Portugal

In 2022, purchases abroad of pressure-reducing, control, check and safety valves decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, pressure-reducing iron valve imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Spain (X units) and Germany (X units) were the main suppliers of pressure-reducing iron valve imports to Portugal, with a combined X% share of total imports. France, India, China, Turkey and Denmark 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 Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve suppliers to Portugal were Italy ($X), Spain ($X) and Germany ($X), together comprising X% of total imports. France, Denmark, India, China and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average pressure-reducing iron valve import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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