United Arab Emirates: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in the United Arab Emirates

The pressure-reducing iron valve market in the United Arab Emirates fell sharply to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption recorded a noticeable curtailment. Pressure-reducing iron valve consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Pressure-Reducing Iron Valve Production in the United Arab Emirates

In value terms, pressure-reducing iron valve production contracted notably to $X in 2022 estimated in export price. Overall, production recorded a deep downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Pressure-Reducing Iron Valve Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of pressure-reducing, control, check and safety valves increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports saw resilient growth. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, pressure-reducing iron valve exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a resilient 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Nigeria (X units) was the main destination for pressure-reducing iron valve exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, pressure-reducing iron valve exports to Nigeria exceeded the volume sent to the second major destination, Saudi Arabia (X units), eightfold. The third position in this ranking was held by Kuwait (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Nigeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

In value terms, the largest markets for pressure-reducing iron valve exported from the United Arab Emirates were Saudi Arabia ($X), Nigeria ($X) and Kuwait ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Kuwait, with a CAGR of X%, recorded the highest growth rate of 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 average pressure-reducing iron valve export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price 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, pressure-reducing iron valve export price decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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

Pressure-Reducing Iron Valve Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of pressure-reducing, control, check and safety valves increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, total imports indicated a strong 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 2018 indices. 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 soared 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 indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Italy (X units) were the main suppliers of pressure-reducing iron valve imports to the United Arab Emirates, together accounting for X% of total imports. India, Malaysia, Denmark, the Netherlands, the UK, Germany, Thailand, Mexico, France and Ireland 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 Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and China ($X) constituted the largest pressure-reducing iron valve suppliers to the United Arab Emirates, together comprising X% of total imports. The Netherlands, Germany, Italy, the UK, Malaysia, Denmark, Mexico, France, Thailand and Ireland lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pressure-reducing iron valve import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, saw a noticeable shrinkage. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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