U.S.: Pressure-Reducing Iron Valve Market 2023

Pressure-Reducing Iron Valve Market Size in the U.S.

The U.S. pressure-reducing iron valve market skyrocketed to $X in 2021, with an increase of 91% against the previous year. Overall, consumption showed a moderate increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Pressure-Reducing Iron Valve Production in the U.S.

In value terms, pressure-reducing iron valve production totaled $X in 2021. Overall, production saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 219% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports from the U.S.

In 2021, shipments abroad of pressure-reducing, control, check and safety valves decreased by -31.1% to X units, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 16%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, pressure-reducing iron valve exports expanded modestly to $X in 2021. Overall, exports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 9.1%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X units), China (X units) and Germany (X units) were the main destinations of pressure-reducing iron valve exports from the United States, together comprising 47% of total exports. These countries were followed by the United Arab Emirates, Canada, South Korea, France, the UK, Poland, Singapore, Hong Kong SAR, Japan and Brazil, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +14.9%), while the other leaders experienced a decline.

In value terms, Canada ($X) remains the key foreign market for pressure-reducing iron valve exports from the United States, comprising 26% of total exports. The second position in the ranking was taken by Mexico ($X), with a 12% share of total exports. It was followed by China, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+3.0% per year) and China (-1.4% per year).

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2021, surging by 50% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 199% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into the U.S.

In 2021, overseas purchases of pressure-reducing, control, check and safety valves increased by 54% to X units, rising for the fifth year in a row after two years of decline. Overall, imports continue to indicate a prominent expansion. As a result, imports reached 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 +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X units), China (X units) and Italy (X units) were the main suppliers of pressure-reducing iron valve imports to the United States, together accounting for 72% of total imports. South Korea, Taiwan (Chinese), Japan, India, Germany and Canada lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of pressure-reducing iron valve to the United States, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Japan, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from Mexico amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.6% per year) and Japan (+0.6% per year).

Import Prices by Country

In 2021, the average pressure-reducing iron valve import price amounted to $X per unit, falling by -20% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 an increase of 17%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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