CIS: Safety Valve Market 2024

Safety Valve Market Size in CIS

The CIS safety valve market shrank markedly to $X in 2021, with a decrease of -26.1% against the previous year. Overall, consumption, however, enjoyed a noticeable increase. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Safety Valve Production in CIS

In value terms, safety valve production declined rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a mild increase. The most prominent rate of growth was recorded in 2020 with an increase of 167% against the previous year. As a result, production reached the peak level of $X, and then contracted sharply in the following year.

Safety Valve Exports

Exports in CIS

In 2021, overseas shipments of safety or relief valves for pipes, boiler shells, tanks and vats were finally on the rise to reach X units after two years of decline. Overall, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2018 when exports increased by 87% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, safety valve exports stood at $X in 2021. Total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 78% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Russia (X units) was the largest exporter of safety or relief valves for pipes, boiler shells, tanks and vats, creating 64% of total exports. It was distantly followed by Belarus (X units), generating a 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belarus (with a CAGR of +12.9%).

In value terms, Russia ($X) remains the largest safety valve supplier in the CIS, comprising 80% of total exports. The second position in the ranking was held by Belarus ($X), with a 15% share of total exports.

In Russia, safety valve exports increased at an average annual rate of +2.1% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, which is down by -32.4% against the previous year. Overall, the export price showed a deep setback. The growth pace was the most rapid in 2019 an increase of 15% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per unit), while Belarus totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-5.6%).

Safety Valve Imports

Imports in CIS

In 2021, purchases abroad of safety or relief valves for pipes, boiler shells, tanks and vats increased by 11% to X units, rising for the fifth year in a row after three years of decline. Overall, imports recorded resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by 60% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, safety valve imports declined to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 20%. The level of import peaked at $X in 2020, and then reduced in the following year.

Imports by Country

Russia prevails in imports structure, resulting at X units, which was near 78% of total imports in 2021. It was distantly followed by Belarus (X units), generating a 9.1% share of total imports. Kazakhstan (X units), Uzbekistan (X units) and Azerbaijan (X units) took a minor share of total imports.

Imports into Russia increased at an average annual rate of +13.0% from 2012 to 2021. At the same time, Uzbekistan (+33.2%) and Belarus (+13.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +33.2% from 2012-2021. By contrast, Kazakhstan (-4.5%) and Azerbaijan (-6.1%) illustrated a downward trend over the same period. Russia (+16 p.p.), Uzbekistan (+4.3 p.p.) and Belarus (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Azerbaijan and Kazakhstan saw its share reduced by -8.6% and -11.9% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported safety or relief valves for pipes, boiler shells, tanks and vats in the CIS, comprising 69% of total imports. The second position in the ranking was held by Azerbaijan ($X), with a 10% share of total imports. It was followed by Kazakhstan, with a 9.2% share.

In Russia, safety valve imports increased at an average annual rate of +4.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Azerbaijan (-1.2% per year) and Kazakhstan (-8.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, with a decrease of -19.2% against the previous year. In general, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 8.6% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Azerbaijan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+5.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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