Belgium: Check Valve Market 2024

Check Valve Market Size in Belgium

The Belgian check valve market surged to $X in 2021, rising by 18% against the previous year. In general, consumption, however, showed a slight decrease. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Check Valve Production in Belgium

In value terms, check valve production soared to $X in 2021 estimated in export price. Overall, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 264%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Check Valve Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in shipments abroad of check valves for pipes, boiler shells, tanks and vats, which increased by 87% to X units in 2021. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, check valve exports soared to $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +10.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +90.0% against 2016 indices. The pace of growth was the most pronounced in 2013 when exports increased by 33%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X units), Germany (X units) and France (X units) were the main destinations of check valve exports from Belgium, with a combined 42% share of total exports. These countries were followed by Italy, Iran, Turkey, the United States, Libya, China, Poland, the UK, Saudi Arabia and South Korea, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +202.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Belgium, comprising 17% of total exports. The second position in the ranking was taken by France ($X), with a 6.8% share of total exports. It was followed by Germany, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.6% per year) and Germany (+12.4% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, with a decrease of -32.7% against the previous year. Overall, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by 12% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was South Korea ($X per unit), while the average price for exports to Germany ($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 China (-4.4%), while the prices for the other major destinations experienced a decline.

Check Valve Imports

Imports into Belgium

Check valve imports into Belgium soared to X units in 2021, rising by 71% on the year before. Over the period under review, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, check valve imports expanded sharply to $X in 2021. In general, imports, however, saw a mild decrease. The pace of growth was the most pronounced in 2017 when imports increased by 34%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

France (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of check valve imports to Belgium, with a combined 50% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +28.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the largest check valve suppliers to Belgium, with a combined 51% share of total imports.

Among the main suppliers, Italy, with a CAGR of +13.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average check valve import price stood at $X per unit in 2021, waning by -34.4% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 17%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 the United States (-5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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