Overview of the Global Market for Process Control, Gate, Globe and Other Valves

Market Size for Process Control, Gate, Globe and Other Valves

The global market for process control, gate, globe and other valves totaled $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Global consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Process Control, Gate, Globe and Other Valves

In value terms, production of process control, gate, globe and other valves reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, global production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Process Control, Gate, Globe and Other Valves

Exports

In 2022, shipments abroad of process control, gate, globe and other valves increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The global exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of process control, gate, globe and other valves stood at $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 throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China was the main exporter of process control, gate, globe and other valves in the world, with the volume of exports recording X tons, which was near X% of total exports in 2022. Italy (X tons) took the second position in the ranking, followed by Germany (X tons). All these countries together took near X% share of total exports. The following exporters - Mexico (X tons), Spain (X tons), India (X tons), the United States (X tons), Poland (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and Turkey (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), Poland (X%), Mexico (X%), Spain (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Germany and India experienced a relatively flat trend pattern. By contrast, Italy (X%), South Korea (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of South Korea (X p.p.), Italy (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest process control, gate, globe and other valves supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Germany ($X), with a X% share of global exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and the United States (X% per year).

Export Prices by Country

The average export price for process control, gate, globe and other valves stood at $X per ton in 2022, remaining constant 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 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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.

Imports of Process Control, Gate, Globe and Other Valves

Imports

In 2022, after five years of growth, there was significant decline in overseas purchases of process control, gate, globe and other valves, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, imports of process control, gate, globe and other valves rose slightly 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 somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. Global imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the United States (X tons), distantly followed by Russia (X tons) and Germany (X tons) represented the largest importers of process control, gate, globe and other valves, together committing X% of total imports. The following importers - Nigeria (X tons), France (X tons), China (X tons), the UK (X tons), Mexico (X tons), the United Arab Emirates (X tons), Indonesia (X tons), Canada (X tons), Saudi Arabia (X tons) and Spain (X tons) - together made up X% of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of process control, gate, globe and other valves. At the same time, Nigeria (X%), Indonesia (X%), Spain (X%), France (X%), Germany (X%), China (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Russia, the UK, Saudi Arabia and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest process control, gate, globe and other valves importing markets worldwide were the United States ($X), China ($X) and Germany ($X), together comprising X% of global imports. Canada, France, the UK, Russia, Mexico, Spain, the United Arab Emirates, Saudi Arabia, Indonesia and Nigeria lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 import price for process control, gate, globe and other valves amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while Nigeria ($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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