EU: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in the EU

In 2022, the EU pressure-reducing iron valve market decreased by X% to $X, falling for the second consecutive year after four years of growth. The total consumption indicated moderate 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Production in the EU

In value terms, pressure-reducing iron valve production shrank to $X in 2022 estimated in export price. The total output 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. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Pressure-Reducing Iron Valve Exports

Exports in the EU

Pressure-reducing iron valve exports stood at X units in 2022, surging by X% against the year before. In general, exports showed a relatively flat trend pattern. 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 exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, pressure-reducing iron valve exports reduced modestly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Italy (X units), distantly followed by Germany (X units), Hungary (X units) and Denmark (X units) represented the main exporters of pressure-reducing, control, check and safety valves, together committing X% of total exports. The Czech Republic (X units), France (X units), Poland (X units), the Netherlands (X units), Romania (X units), Spain (X units), Bulgaria (X units) and Sweden (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve supplying countries in the European Union were Germany ($X), Italy ($X) and Denmark ($X), with a combined X% share of total exports. Hungary, France, the Czech Republic, the Netherlands, Poland, Romania, Sweden, Bulgaria and Spain lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Bulgaria, 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

In 2022, the export price in the European Union amounted to $X per unit, shrinking by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Spain ($X per unit) was amongst the lowest.

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

Pressure-Reducing Iron Valve Imports

Imports in the EU

In 2022, overseas purchases of pressure-reducing, control, check and safety valves increased by X% to X units, rising for the third 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; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, pressure-reducing iron valve imports fell slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Germany (X units) and Spain (X units) were the key importers of pressure-reducing, control, check and safety valves in the European Union, together accounting for near X% of total imports. It was distantly followed by Belgium (X units), Italy (X units), France (X units) and Poland (X units), together creating a X% share of total imports. The following importers - the Czech Republic (X units), the Netherlands (X units), Romania (X units), Denmark (X units), Greece (X units), Portugal (X units) and Austria (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Greece (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported pressure-reducing, control, check and safety valves in the European Union, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at X%. In the other countries, the average annual rates were as follows: France (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Greece ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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