Belgium: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Belgium

In 2022, the Belgian pressure-reducing iron valve market decreased by -27.3% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Production in Belgium

In value terms, pressure-reducing iron valve production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,704% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports from Belgium

After three years of growth, overseas shipments of pressure-reducing, control, check and safety valves decreased by -33.6% to X units in 2022. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 47%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports dropped rapidly to $X in 2022. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 35%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), France (X units) and Japan (X units) were the main destinations of pressure-reducing iron valve exports from Belgium, together accounting for 40% of total exports. Italy, Luxembourg, Germany, China, South Korea, Poland, Serbia, Greece, Sweden and the United States lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +36.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pressure-reducing iron valve exported from Belgium were the Netherlands ($X), France ($X) and Japan ($X), together accounting for 34% of total exports. Germany, Italy, Poland, Luxembourg, Sweden, the United States, China, Greece, South Korea and Serbia lagged somewhat behind, together comprising a further 34%.

Greece, with a CAGR of +28.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2022, growing by 1.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 28%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into Belgium

In 2022, pressure-reducing iron valve imports into Belgium contracted rapidly to X units, with a decrease of -18.3% on the year before. Overall, imports recorded a pronounced decline. The pace of growth appeared the most rapid in 2020 with an increase of 179% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports dropped significantly to $X in 2022. Over the period under review, imports recorded a perceptible setback. The pace of growth was the most pronounced in 2020 when imports increased by 123% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X units), Italy (X units) and France (X units) were the main suppliers of pressure-reducing iron valve imports to Belgium, with a combined 60% share of total imports. Germany, Luxembourg, Thailand, the United States, China, Japan and Denmark lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +79.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve suppliers to Belgium were Germany ($X), the Netherlands ($X) and Italy ($X), together comprising 66% of total imports. France, the United States, Japan, China, Luxembourg, Thailand and Denmark lagged somewhat behind, together accounting for a further 20%.

Thailand, with a CAGR of +64.6%, 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

The average pressure-reducing iron valve import price stood at $X per unit in 2022, falling by -1.6% against the previous year. Overall, the import price saw a slight decrease. The pace of growth appeared the most rapid in 2013 an increase of 35%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform