Puerto Rico: Check Valve Market 2024

Check Valve Market Size in Puerto Rico

The Puerto Rican check valve market shrank significantly to $X in 2021, waning by -19.3% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +31.5% against 2019 indices. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Check Valve Production in Puerto Rico

In value terms, check valve production shrank remarkably to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +31.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 64% against the previous year. As a result, production reached the peak level of $X, and then shrank sharply in the following year.

Check Valve Exports

Exports from Puerto Rico

In 2021, approx. less than X units of check valves for pipes, boiler shells, tanks and vats were exported from Puerto Rico; flattening at 2020 figures. Overall, exports saw a relatively flat trend pattern.

In value terms, check valve exports totaled less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

China was the largest exporter of check valves for pipes, boiler shells, tanks and vats in the world, with the volume of exports recording X units, which was approx. 30% of total exports in 2021. The United States (X units) held the second position in the ranking, followed by Germany (X units), Italy (X units) and the Netherlands (X units). All these countries together held near 33% share of total exports. The following exporters - Spain (X units), France (X units), Poland (X units), Mexico (X units), the Czech Republic (X units), Japan (X units), Taiwan (Chinese) (X units) and Indonesia (X units) - together made up 20% of total exports.

From 2012 to 2021, average annual rates of growth with regard to check valve exports from China stood at +3.8%. At the same time, Poland (+22.4%), the Czech Republic (+19.1%), the Netherlands (+18.5%), Spain (+16.1%), Italy (+12.8%), Germany (+11.8%), France (+8.4%), the United States (+4.6%), Indonesia (+4.3%) and Taiwan (Chinese) (+4.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +22.4% from 2012-2021. Mexico experienced a relatively flat trend pattern. By contrast, Japan (-1.7%) illustrated a downward trend over the same period. The Netherlands (+3.6 p.p.), Italy (+3.5 p.p.), Germany (+3.2 p.p.), Spain (+2.4 p.p.) and Poland (+2.4 p.p.) significantly strengthened its position in terms of the global exports, while Japan and China saw its share reduced by -1.7% and -6.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest check valve supplying countries from Puerto Rico were China ($X), the United States ($X) and Germany ($X), together accounting for 48% of total exports. Japan, Italy, the Netherlands, France, Mexico, Taiwan (Chinese), Spain, the Czech Republic, Indonesia and Poland lagged somewhat behind, together comprising a further 26%.

In terms of the main exporting countries, Poland, with a CAGR of +11.2%, saw the highest rates of growth with regard to 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 export price in Puerto Rico stood at less than $X per thousand units in 2021, remaining constant against the previous year. In general, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per thousand units), while Poland ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the other leaders experienced more modest paces of growth.

Check Valve Imports

Imports into Puerto Rico

Check valve imports into Puerto Rico was estimated at less than X units in 2021, stabilizing at the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, check valve imports amounted to less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units) represented the key importer of check valves for pipes, boiler shells, tanks and vats, mixing up 33% of total imports. It was distantly followed by France (X units), making up a 4.9% share of total imports. The following importers - Russia (X units), the Netherlands (X units), Spain (X units), Germany (X units), Italy (X units), China (X units), Mexico (X units), Thailand (X units), Poland (X units), South Korea (X units) and the UK (X units) - together made up 33% of total imports.

Imports into the United States increased at an average annual rate of +14.4% from 2012 to 2021. At the same time, the Netherlands (+26.5%), Spain (+23.8%), Italy (+20.7%), Poland (+16.9%), Russia (+16.4%), France (+14.7%), Thailand (+11.9%), Germany (+11.3%), South Korea (+3.1%), the UK (+2.8%) and China (+2.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +26.5% from 2012-2021. Mexico experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States, the Netherlands, Spain, Italy, Russia and France increased by +12, +3, +2.8, +2, +1.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest check valve importing markets into Puerto Rico were China ($X), the United States ($X) and Mexico ($X), together accounting for 32% of total imports. Germany, France, the UK, Russia, South Korea, Italy, Thailand, the Netherlands, Spain and Poland lagged somewhat behind, together accounting for a further 23%.

Among the main importing countries, Spain, with a CAGR of +6.9%, 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

The import price in Puerto Rico stood at less than $X per thousand units in 2021, stabilizing at the previous year. Overall, the import price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per thousand units), while Spain ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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