China: Pressure-Reducing Iron Valve Market 2025

Pressure-Reducing Iron Valve Market Size in China

The Chinese pressure-reducing iron valve market rose sharply to $X in 2022, surging by 13% against the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.9% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Production in China

In value terms, pressure-reducing iron valve production expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 17%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from China

In 2022, after two years of growth, there was significant decline in shipments abroad of pressure-reducing, control, check and safety valves, when their volume decreased by -14.4% to X units. Overall, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2015 when exports increased by 77%. Over the period under review, the exports attained the maximum at X units in 2021, and then shrank in the following year.

In value terms, pressure-reducing iron valve exports amounted to $X in 2022. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 33%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for pressure-reducing iron valve exports from China, accounting for a 15% share of total exports. Moreover, pressure-reducing iron valve exports to the United States exceeded the volume sent to the second major destination, Poland (X units), twofold. Malaysia (X units) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+57.9% per year) and Malaysia (+2.3% per year).

In value terms, the United States ($X), Japan ($X) and South Korea ($X) constituted the largest markets for pressure-reducing iron valve exported from China worldwide, with a combined 32% share of total exports. Iran, Vietnam, Malaysia, Russia, Mexico, Indonesia, Bangladesh, Poland, Iraq and Ghana lagged somewhat behind, together comprising a further 24%.

Iran, with a CAGR of +69.2%, saw the highest growth rate of 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, jumping by 25% against the previous year. Overall, export price indicated a perceptible expansion 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 export price increased by +37.7% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by 98%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Poland ($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 Russia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into China

Pressure-reducing iron valve imports into China dropped to X units in 2022, with a decrease of -7% compared with the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 31%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 26%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

Japan (X units), Italy (X units) and South Korea (X units) were the main suppliers of pressure-reducing iron valve imports to China, together comprising 61% of total imports. Germany, the United States, Thailand, the UK, Hungary and Mexico lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +38.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and the United States ($X) were the largest pressure-reducing iron valve suppliers to China, with a combined 57% share of total imports. Italy, South Korea, Hungary, the UK, Mexico and Thailand lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Thailand, with a CAGR of +40.9%, recorded 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

In 2022, the average pressure-reducing iron valve import price amounted to $X per unit, rising by 4.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2016 an increase of 13%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform