Argentina: Safety Valve Market 2024

Safety Valve Market Size in Argentina

In 2021, after two years of decline, there was significant growth in the Argentinian safety valve market, when its value increased by 63% to $X. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Safety Valve Exports

Exports from Argentina

In 2021, approx. X units of safety or relief valves for pipes, boiler shells, tanks and vats were exported from Argentina; waning by -23.5% on 2020. Over the period under review, exports saw a sharp downturn. The pace of growth was the most pronounced in 2019 with an increase of 303% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, safety valve exports reached $X in 2021. In general, exports faced a precipitous setback. The pace of growth was the most pronounced in 2019 with an increase of 239%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X units), Chile (X units) and Uruguay (X units) were the main destinations of safety valve exports from Argentina, together comprising 65% of total exports. These countries were followed by Paraguay, Peru, the United Arab Emirates, Bolivia, Mexico and Colombia, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +12.0%), while the other leaders experienced a decline.

In value terms, Brazil ($X), Chile ($X) and Paraguay ($X) appeared to be the largest markets for safety valve exported from Argentina worldwide, with a combined 66% share of total exports. Uruguay, the United Arab Emirates, Peru, Mexico, Bolivia and Colombia lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +12.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average safety valve export price amounted to $X per unit, growing by 36% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, safety valve export price increased by +38.9% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 58% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Peru ($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 Chile (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Valve Imports

Imports into Argentina

In 2021, the amount of safety or relief valves for pipes, boiler shells, tanks and vats imported into Argentina skyrocketed to X units, rising by 84% compared with the previous year's figure. In general, imports, however, saw a perceptible curtailment. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, safety valve imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 61% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Italy (X units) were the main suppliers of safety valve imports to Argentina, with a combined 73% share of total imports. These countries were followed by Germany, Israel, Slovakia, Brazil and France, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +135.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of safety or relief valves for pipes, boiler shells, tanks and vats to Argentina, comprising 37% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.8% per year) and Germany (-1.9% per year).

Import Prices by Country

In 2021, the average safety valve import price amounted to $X per unit, declining by -18.9% against the previous year. In general, the import price recorded a slight curtailment. The growth pace was the most rapid in 2013 when the average import price increased by 41%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 France (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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