China: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in China

In 2022, the Chinese pressure-reducing iron valve market decreased by X% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Pressure-Reducing Iron Valve Production in China

In value terms, pressure-reducing iron valve production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

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Pressure-Reducing Iron Valve Exports

Exports from China

In 2022, exports of pressure-reducing, control, check and safety valves from China contracted to X units, declining by X% on the previous year's figure. In general, total exports indicated perceptible growth 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, exports increased by X% against 2020 indices. 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 reached the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, pressure-reducing iron valve exports reached $X in 2022. Overall, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X units) was the main destination for pressure-reducing iron valve exports from China, accounting for a X% share of total exports. Moreover, pressure-reducing iron valve exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), fourfold. Japan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Japan (X% per year).

In value terms, the United States ($X), Japan ($X) and South Korea ($X) were the largest markets for pressure-reducing iron valve exported from China worldwide, together comprising X% of total exports. Iran, Vietnam, Malaysia, Russia, Mexico, Indonesia, Bangladesh, Poland, the Philippines and Uzbekistan lagged somewhat behind, together accounting for a further X%.

Iran, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, rising by X% against the previous year. In general, export price indicated a remarkable increase 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 increased by X% against 2016 indices. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

Pressure-Reducing Iron Valve Imports

Imports into China

In 2022, the amount of pressure-reducing, control, check and safety valves imported into China reduced dramatically to X units, with a decrease of X% compared with 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pressure-reducing iron valve imports declined 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Italy (X units), Germany (X units) and Japan (X units) were the main suppliers of pressure-reducing iron valve imports to China, with a combined X% share of total imports. The United States, South Korea, Thailand, Hungary, Taiwan (Chinese), India, Mexico, the Czech Republic and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, Japan ($X), Germany ($X) and the United States ($X) were the largest pressure-reducing iron valve suppliers to China, together comprising X% of total imports. Italy, South Korea, Hungary, the UK, Taiwan (Chinese), the Czech Republic, Mexico, Thailand and India lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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, rising 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 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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