Asia: Plug Valve Market 2020

Plug Valve Market Size in Asia

The revenue of the plug valve market in Asia amounted to $X in 2017, going down by -X% against the previous year. The plug valve consumption continues to indicate an abrupt reduction. The growth pace was the most rapid in 2012, with an increase of X% against the previous year. Over the period under review, the plug valve market attained its peak figure level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Plug Valve Production in Asia

The plug valve production totaled X units in 2017, coming up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2012, when the output figure increased by X% against the previous year. Over the period under review, the plug valve production reached its maximum volume in 2017, and is likely to see steady growth in the near future.

Plug Valve Exports in Asia

In 2017, the amount of ball and plug valves exported in Asia amounted to X units, going up by X% against the previous year. The total exports indicated a strong growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014, when it surged by X% year-to-year. Over the period under review, the plug valve exports attained its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, plug valve exports stood at $X in 2017. The total exports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the plug valve exports decreased by -X% against 2014 indices. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Plug Valve Exports by Country in Asia

China represented the largest exporter of ball and plug valves in Asia, with the volume of exports recording X units, which was near X% of total exports in 2017. India (X units) ranks second in terms of the global exports with a X% share, followed by South Korea (X%), Japan (X%) and Taiwan, Chinese (X%). Turkey (X units) and Thailand (X units) took the mild share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2017. At the same time, India (+X%), Turkey (+X%), Thailand (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. South Korea and Japan experienced a relatively flat trend pattern. From 2007 to 2017, the share of Turkey, India and China decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plug valve supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+X% per year) and South Korea (+X% per year).

Plug Valve Export Prices by Country in Asia

In 2017, the plug valve export price in Asia amounted to $X per unit, dropping by -X% against the previous year. The plug valve export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, when the export prices increased by X% year-to-year. The level of export price peaked of $X per unit in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Japan ($X per unit), while India ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Plug Valve Imports in Asia

The imports amounted to X units in 2017, picking up by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2011, with an increase of X% y-o-y. Over the period under review, the plug valve imports reached its maximum volume in 2017, and are likely to see steady growth in the near future.

In value terms, plug valve imports amounted to $X in 2017. The total imports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the plug valve imports decreased by -X% against 2014 indices. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Plug Valve Imports by Country in Asia

In 2017, China (X units), distantly followed by the United Arab Emirates (X units), Saudi Arabia (X units), Indonesia (X units), South Korea (X units), Japan (X units) and India (X units) represented the key importers of ball and plug valves, together creating X% of total imports. Turkey (X units), Thailand (X units), Malaysia (X units), Taiwan, Chinese (X units) and Iraq (X units) held the minor share of total imports.

From 2007 to 2017, average annual rates of growth with regard to plug valve imports into China stood at +X%. At the same time, Iraq (+X%), Malaysia (+X%), India (+X%), Indonesia (+X%), Turkey (+X%), Thailand (+X%), Saudi Arabia (+X%), the United Arab Emirates (+X%), Taiwan, Chinese (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. Japan experienced a relatively flat trend pattern. Turkey (-X%), Malaysia (-X%), Iraq (-X%), India (-X%), Saudi Arabia (-X%), Indonesia (-X%), the United Arab Emirates (-X%) and China (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported ball and plug valves in Asia, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China totaled +X%. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and Japan (+X% per year).

Plug Valve Import Prices by Country in Asia

The plug valve import price in Asia stood at $X per unit in 2017, dropping by -X% against the previous year. The plug valve import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when the import prices increased by X% y-o-y. The level of import price peaked of $X per unit in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was South Korea ($X per unit), while Indonesia ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform