China: Check Valve Market 2025

Check Valve Market Size in China

In 2021, the Chinese check valve market decreased by -30.5% to $X for the first time since 2014, thus ending a six-year rising trend. Over the period under review, consumption, however, enjoyed buoyant growth. As a result, consumption reached the peak level of $X, and then shrank notably in the following year.

Check Valve Production in China

In value terms, check valve production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2016 with an increase of 134% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Check Valve Exports

Exports from China

After two years of decline, shipments abroad of check valves for pipes, boiler shells, tanks and vats increased by 16% to X units in 2021. Overall, exports posted a pronounced expansion. The pace of growth appeared the most rapid in 2016 with an increase of 383%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, check valve exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Indonesia (X units) and South Korea (X units) were the main destinations of check valve exports from China, with a combined 33% share of total exports. Vietnam, Thailand, Russia, Germany, Taiwan (Chinese), Pakistan, the UK, Bangladesh, Italy and Spain lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +25.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from China, comprising 19% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 6.8% share of total exports. It was followed by South Korea, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+2.1% per year) and South Korea (+5.1% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, with an increase of 9.4% against the previous year. Over the period under review, the export price saw slight growth. The growth pace was the most rapid in 2014 an increase of 314% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to South Korea ($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 Italy (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into China

In 2021, purchases abroad of check valves for pipes, boiler shells, tanks and vats increased by 15% to X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 46%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, check valve imports surged to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), Germany (X units) and Italy (X units) were the main suppliers of check valve imports to China, together comprising 65% of total imports. The UK, South Korea, the Netherlands, France, Japan, Switzerland, Spain, Taiwan (Chinese) and Canada lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest check valve suppliers to China were Germany ($X), the United States ($X) and Japan ($X), with a combined 51% share of total imports. These countries were followed by Italy, the UK, South Korea, France, the Netherlands, Taiwan (Chinese), Spain, Switzerland and Canada, which together accounted for a further 38%.

Among the main suppliers, the Netherlands, with a CAGR of +14.5%, saw the highest growth rate of 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

In 2021, the average check valve import price amounted to $X per unit, surging by 4.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 25% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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