Global Check Valve Market 2024

Check Valve Market Size

The global check valve market amounted to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated notable growth 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, consumption increased by X% against 2015 indices. Over the period under review, the global market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Check Valve Production

In value terms, check valve production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Check Valve Exports

Exports

In 2022, shipments abroad of check valves for pipes, boiler shells, tanks and vats increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a slight expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, check valve exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

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 accounting for X tons, which was approx. X% of total exports in 2022. Italy (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%). Mexico (X tons), the United States (X tons), India (X tons), Indonesia (X tons), Japan (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Spain (X tons), Turkey (X tons) and France (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to check valve exports from China stood at X%. At the same time, India (X%), Turkey (X%), Indonesia (X%), Taiwan (Chinese) (X%), Italy (X%) and Mexico (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Spain and Germany experienced a relatively flat trend pattern. By contrast, Japan (X%), France (X%), South Korea (X%) and the United States (X%) illustrated a downward trend over the same period. China (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the global exports, while South Korea and the United States saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest check valve supplying countries worldwide were China ($X), the United States ($X) and Germany ($X), with a combined X% share of global exports. Japan, Italy, France, Mexico, South Korea, Taiwan (Chinese), Indonesia, Spain, India and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average check valve export price stood at $X per ton in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X%. The global export price peaked at $X per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Check Valve Imports

Imports

In 2022, overseas purchases of check valves for pipes, boiler shells, tanks and vats increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Global imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, check valve imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), distantly followed by China (X tons) and Mexico (X tons) represented the major importers of check valves for pipes, boiler shells, tanks and vats, together generating X% of total imports. Malaysia (X tons), Russia (X tons), South Korea (X tons), Germany (X tons), France (X tons), the UK (X tons), Italy (X tons), Japan (X tons), the United Arab Emirates (X tons) and Spain (X tons) held a little share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of check valves for pipes, boiler shells, tanks and vats. At the same time, Malaysia (X%), South Korea (X%), Italy (X%), Spain (X%), Russia (X%), Japan (X%), China (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Mexico, the UK, France and Germany experienced a relatively flat trend pattern. While the share of the United States (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), China ($X) and Mexico ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of global imports. Germany, the UK, Japan, France, Russia, South Korea, Italy, the United Arab Emirates, Malaysia and Spain lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the average check valve import price amounted to $X per ton, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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