Canada: Check Valve Market 2024

Check Valve Market Size in Canada

After four years of growth, the Canadian check valve market decreased by -22% to $X in 2021. Overall, consumption, however, saw buoyant growth. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Check Valve Production in Canada

In value terms, check valve production plummeted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,837% against the previous year. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Check Valve Exports

Exports from Canada

For the third consecutive year, Canada recorded decline in overseas shipments of check valves for pipes, boiler shells, tanks and vats, which decreased by -0.8% to X units in 2021. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 29% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, check valve exports soared to $X in 2021. Overall, exports saw a mild shrinkage. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for check valve exports from Canada, accounting for a 75% share of total exports. Moreover, check valve exports to the United States exceeded the volume sent to the second major destination, China (X units), more than tenfold. The third position in this ranking was held by the Dominican Republic (X units), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-9.9% per year) and the Dominican Republic (+22.6% per year).

In value terms, the United States ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Canada, comprising 75% of total exports. The second position in the ranking was held by China ($X), with a 4.9% share of total exports. It was followed by the Dominican Republic, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-5.6% per year) and the Dominican Republic (+28.3% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, rising by 20% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, check valve export price increased by +33.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 25% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were the Dominican Republic ($X per unit) and the United States ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Canada

Check valve imports into Canada expanded significantly to X units in 2021, picking up by 14% against the previous year's figure. Overall, imports, however, saw a perceptible shrinkage. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, check valve imports surged to $X in 2021. Over the period under review, imports, however, showed a slight decline. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of check valve to Canada, accounting for a 60% share of total imports. Moreover, check valve imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. Italy (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.5% per year) and Italy (+5.3% per year).

In value terms, the United States ($X) constituted the largest supplier of check valves for pipes, boiler shells, tanks and vats to Canada, comprising 60% of total imports. The second position in the ranking was held by China ($X), with an 8.4% share of total imports. It was followed by Italy, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.2% per year) and Italy (+7.9% per year).

Import Prices by Country

In 2021, the average check valve import price amounted to $X per unit, picking up by 2.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2018 when the average import price increased by 14%. The import price peaked in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Japan ($X per unit) and France ($X per unit), while the price for Italy ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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