Benelux: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Benelux

The Benelux pressure-reducing iron valve market declined to $X in 2022, shrinking by -7.5% against the previous year. In general, consumption, however, saw a remarkable increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Pressure-Reducing Iron Valve Production in Benelux

In value terms, pressure-reducing iron valve production declined dramatically to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 714% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports in Benelux

After three years of growth, shipments abroad of pressure-reducing, control, check and safety valves decreased by -26.9% to X units in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 43%. Over the period under review, the exports hit record highs at X units in 2021, and then declined markedly in the following year.

In value terms, pressure-reducing iron valve exports declined to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.9% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 23%. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, the Netherlands (X units) represented the main exporter of pressure-reducing, control, check and safety valves, comprising 65% of total exports. It was distantly followed by Belgium (X units) and Luxembourg (X units), together achieving a 35% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pressure-reducing iron valve exports from the Netherlands stood at +5.9%. At the same time, Luxembourg (+18.5%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +18.5% from 2012-2022. By contrast, Belgium (-7.9%) illustrated a downward trend over the same period. The Netherlands (+26 p.p.) and Luxembourg (+8.9 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -34.8% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest pressure-reducing iron valve supplier in Benelux, comprising 68% of total exports. The second position in the ranking was held by Belgium ($X), with a 20% share of total exports.

In the Netherlands, pressure-reducing iron valve exports increased at an average annual rate of +6.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (-7.3% per year) and Luxembourg (+14.4% per year).

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, with an increase of 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.6%), while the other leaders experienced mixed trends in the export price figures.

Pressure-Reducing Iron Valve Imports

Imports in Benelux

In 2022, purchases abroad of pressure-reducing, control, check and safety valves decreased by -15.9% to X units, falling for the second consecutive year after two years of growth. In general, imports showed a mild downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 88%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pressure-reducing iron valve imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 43% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X units) and the Netherlands (X units) prevails in imports structure, together generating 98% of total imports. Luxembourg (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of -0.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the Netherlands ($X) constitutes the largest market for imported pressure-reducing, control, check and safety valves in Benelux, comprising 69% of total imports. The second position in the ranking was taken by Belgium ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to +4.5%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-4.4% per year) and Luxembourg (-0.9% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, picking up by 2.4% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pressure-reducing iron valve import price increased by +20.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 23% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform