Report Update Nov 1, 2024

Bangladesh - Check Valves for Pipes, Boiler Shells, Tanks and Vats - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Check Valve Market 2024

Check Valve Market Size in Bangladesh

The Bangladeshi check valve market skyrocketed to $X in 2021, picking up by 69% 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). In general, consumption recorded a strong expansion. Check valve consumption peaked in 2021 and is expected to retain growth in years to come.

Check Valve Exports

Exports from Bangladesh

In 2021, the amount of check valves for pipes, boiler shells, tanks and vats exported from Bangladesh surged to X units, increasing by 49% against 2020 figures. Overall, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 4,140%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, check valve exports surged to $X in 2021. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,278%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units), the United States (X units) and Thailand (X units) were the main destinations of check valve exports from Bangladesh, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Bangladesh, comprising 96% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (0.0% per year) and Thailand (-26.1% per year).

Export Prices by Country

The average check valve export price stood at $X per unit in 2021, remaining constant against the previous year. Overall, the export price, however, continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 131% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Indonesia ($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 Thailand (-20.1%).

Check Valve Imports

Imports into Bangladesh

In 2021, approx. X units of check valves for pipes, boiler shells, tanks and vats were imported into Bangladesh; with an increase of 35% against the previous year's figure. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 87% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, check valve imports soared to $X in 2021. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 115%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest check valve supplier to Bangladesh, accounting for a 64% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), sixfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+71.8% per year) and Hong Kong SAR (+21.1% per year).

In value terms, China ($X) constituted the largest supplier of check valves for pipes, boiler shells, tanks and vats to Bangladesh, comprising 49% of total imports. The second position in the ranking was taken by Russia ($X), with a 23% share of total imports. It was followed by Germany, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+69.4% per year) and Germany (+7.0% per year).

Import Prices by Country

In 2021, the average check valve import price amounted to $X per unit, surging by 50% against the previous year. In general, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for check valves for pipes, boiler shells, tanks and vats in the world?

China constituted the country with the largest volume of check valve consumption, comprising approx. 26% of total volume. Moreover, check valve consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 6.9% share.

What are the largest producers of check valves for pipes, boiler shells, tanks and vats in the world?

China constituted the country with the largest volume of check valve production, accounting for 55% of total volume. Moreover, check valve production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by Japan, with a 4.9% share.

What are the leading suppliers of check valves for pipes, boiler shells, tanks and vats to Bangladesh?

In value terms, China constituted the largest supplier of check valve to Bangladesh, comprising 62% of total imports. The second position in the ranking was occupied by Italy, with a 6.5% share of total imports. It was followed by Japan, with a 4.5% share.

What are the leading importers of check valves for pipes, boiler shells, tanks and vats from Bangladesh?

In value terms, Thailand remains the key foreign market for check valve exports from Bangladesh.

What is the average export price for check valves for pipes, boiler shells, tanks and vats in Bangladesh?

The average check valve export price stood at $47 per unit in 2020, with an increase of 13% against the previous year.

What is the average import price for check valves for pipes, boiler shells, tanks and vats in Bangladesh?

The average check valve import price stood at $11 per unit in 2020, with an increase of 22% against the previous year.

This report provides an in-depth analysis of the check valve market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28141160 - Check valves for pipes, boiler shells, tanks, vats and the like

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023