Czech Republic: Safety Valve Market 2024

Safety Valve Market Size in the Czech Republic

The Czech safety valve market plummeted to $X in 2021, shrinking by -42.5% against the previous year. Over the period under review, consumption, however, saw a strong increase. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Safety Valve Production in the Czech Republic

In value terms, safety valve production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 109% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Safety Valve Exports

Exports from the Czech Republic

In 2021, shipments abroad of safety or relief valves for pipes, boiler shells, tanks and vats increased by 113% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, safety valve exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for safety valve exports from the Czech Republic, with a 22% share of total exports. Moreover, safety valve exports to Germany exceeded the volume sent to the second major destination, Poland (X units), twofold. The third position in this ranking was held by China (X units), with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+14.2% per year) and China (+16.2% per year).

In value terms, the largest markets for safety valve exported from the Czech Republic were Germany ($X), China ($X) and Russia ($X), together accounting for 42% of total exports. Poland, the UK, Spain, Belgium, Slovakia, France, the United States, Italy, Turkey and Mexico lagged somewhat behind, together accounting for a further 37%.

Mexico, with a CAGR of +38.3%, saw the highest rates of growth with regard to 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 safety valve export price stood at $X per unit in 2021, falling by -39% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 16%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Belgium ($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 China (-6.5%), while the prices for the other major destinations experienced a decline.

Safety Valve Imports

Imports into the Czech Republic

For the third year in a row, the Czech Republic recorded growth in overseas purchases of safety or relief valves for pipes, boiler shells, tanks and vats, which increased by 119% to X units in 2021. In general, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, safety valve imports soared to $X in 2021. The total import value increased at an average annual rate of +5.4% 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

Italy (X units), Germany (X units) and Vietnam (X units) were the main suppliers of safety valve imports to the Czech Republic, together accounting for 58% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +116.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Austria ($X) were the largest safety valve suppliers to the Czech Republic, together comprising 57% of total imports.

Italy, with a CAGR of +18.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average safety valve import price stood at $X per unit in 2021, with a decrease of -42.6% against the previous year. In general, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 35%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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