Denmark: Safety Valve Market 2024

Safety Valve Market Size in Denmark

The Danish safety valve market surged to $X in 2021, growing by 159% against the previous year. Overall, consumption recorded strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Safety Valve Production in Denmark

In value terms, safety valve production declined remarkably to $X in 2021 estimated in export price. Over the period under review, production showed a deep downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by 51%. Safety valve production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Safety Valve Exports

Exports from Denmark

In 2021, overseas shipments of safety or relief valves for pipes, boiler shells, tanks and vats increased by 52% to X units, rising for the second consecutive year after three years of decline. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 105% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, safety valve exports rose to $X in 2021. Overall, exports posted a temperate expansion. The pace of growth appeared the most rapid in 2016 with an increase of 51% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), China (X units) and Russia (X units) were the main destinations of safety valve exports from Denmark, together accounting for 27% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +48.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety valve exported from Denmark were China ($X), the United States ($X) and Saudi Arabia ($X), with a combined 27% share of total exports.

Saudi Arabia, with a CAGR of +40.8%, saw the highest growth rate of the value of exports, among 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 -32.4% against the previous year. Over the period under review, the export price saw a abrupt decline. The growth pace was the most rapid in 2019 when the average export price increased by 19%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to India ($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 Saudi Arabia (-1.1%), while the prices for the other major destinations experienced a decline.

Safety Valve Imports

Imports into Denmark

For the fourth year in a row, Denmark recorded growth in overseas purchases of safety or relief valves for pipes, boiler shells, tanks and vats, which increased by 153% to X units in 2021. In general, imports saw a buoyant 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 +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of safety valve to Denmark, accounting for a 34% share of total imports. Moreover, safety valve imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.1% per year) and the Netherlands (+23.1% per year).

In value terms, Germany ($X) constituted the largest supplier of safety or relief valves for pipes, boiler shells, tanks and vats to Denmark, comprising 34% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by the UK, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.7% per year) and the UK (+6.9% per year).

Import Prices by Country

In 2021, the average safety valve import price amounted to $X per unit, waning by -45.5% against the previous year. Overall, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. 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 stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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