Australia: Check Valve Market 2024

Check Valve Market Size in Australia

In 2021, the Australian check valve market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a mild decline. Check valve consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Check Valve Exports

Exports from Australia

Check valve exports from Australia expanded remarkably to X units in 2021, increasing by 11% against 2020 figures. Over the period under review, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 35%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, check valve exports expanded remarkably to $X in 2021. In general, exports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2014 with an increase of 76% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X units), New Zealand (X units) and Canada (X units) were the main destinations of check valve exports from Australia, together comprising 36% of total exports. These countries were followed by Germany, South Africa, the United States, China, Vietnam, Italy, New Caledonia, Austria, Singapore and India, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +28.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for check valve exported from Australia were Papua New Guinea ($X), New Zealand ($X) and Canada ($X), with a combined 37% share of total exports. These countries were followed by Germany, South Africa, the United States, China, Vietnam, Italy, New Caledonia, Singapore, India and Austria, which together accounted for a further 38%.

In terms of the main countries of destination, India, with a CAGR of +30.3%, 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

The average check valve export price stood at $X per unit in 2021, surging by 1.7% against the previous year. In general, the export price showed a resilient increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 40%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to Austria ($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 New Zealand (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Australia

After three years of decline, overseas purchases of check valves for pipes, boiler shells, tanks and vats increased by 48% to X units in 2021. Overall, imports, however, recorded a drastic downturn. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, check valve imports soared to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Italy (X units) were the main suppliers of check valve imports to Australia, with a combined 71% share of total imports. Germany, the UK, Taiwan (Chinese), South Korea and Sweden lagged somewhat behind, together accounting 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 Sweden (with a CAGR of +17.7%), while imports for the other leaders experienced a decline.

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest check valve suppliers to Australia, with a combined 70% share of total imports. The UK, Italy, Taiwan (Chinese), Sweden and South Korea lagged somewhat behind, together accounting for a further 17%.

Sweden, with a CAGR of +18.3%, 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

In 2021, the average check valve import price amounted to $X per unit, dropping by -20.2% against the previous year. In general, the import price, however, saw strong growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 134% against the previous year. The import price peaked at $X per unit in 2020, and then shrank rapidly in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for South Korea ($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 (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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