Argentina: Check Valve Market 2024

Check Valve Market Size in Argentina

The Argentinian check valve market reached $X in 2021, with an increase of 2.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a pronounced downturn. Check valve consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Check Valve Exports

Exports from Argentina

In 2021, shipments abroad of check valves for pipes, boiler shells, tanks and vats decreased by -12.9% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 22% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, check valve exports rose remarkably to $X in 2021. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 27%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil (X units) was the main destination for check valve exports from Argentina, with a 48% share of total exports. Moreover, check valve exports to Brazil exceeded the volume sent to the second major destination, the United States (X units), fourfold. Chile (X units) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil totaled -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+23.0% per year) and Chile (-8.8% per year).

In value terms, the largest markets for check valve exported from Argentina were Brazil ($X), the United States ($X) and Colombia ($X), together accounting for 73% of total exports.

The United States, with a CAGR of +31.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, jumping by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2013 when the average export price increased by 25%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Colombia ($X per unit), while the average price for exports to Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Argentina

In 2021, overseas purchases of check valves for pipes, boiler shells, tanks and vats decreased by -3.1% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports recorded a noticeable decrease. The growth pace was the most rapid in 2019 when imports increased by 23%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, check valve imports stood at $X in 2021. Overall, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2018 when imports increased by 14%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest check valve supplier to Argentina, with a 53% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Spain (X units) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.8% per year) and Spain (-2.6% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the largest check valve suppliers to Argentina, together accounting for 64% of total imports. Brazil, Canada, Spain and Italy lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Canada, with a CAGR of +0.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average check valve import price amounted to $X per unit, picking up by 7.1% against the previous year. In general, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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