Eastern Asia: Plug Valve Market 2020

Plug Valve Market Size in Eastern Asia

The revenue of the plug valve market in Eastern Asia amounted to $X in 2017, dropping by -X% against the previous year. The plug valve consumption continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014, when market value increased by X% y-o-y. The level of plug valve consumption peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Plug Valve Production in Eastern Asia

The plug valve production totaled X units in 2017, surging by X% against the previous year. The plug valve production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015, with an increase of X% against the previous year. Over the period under review, the plug valve production reached its peak figure volume in 2017, and is expected to retain its growth in the immediate term.

Plug Valve Exports in Eastern Asia

In 2017, exports of ball and plug valves in Eastern Asia stood at X units, coming up by X% against the previous year. The total exports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014, when it surged by X% y-o-y. Over the period under review, the plug valve exports reached its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, plug valve exports amounted to $X in 2017. The total exports indicated a remarkable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Plug Valve Exports by Country in Eastern Asia

China prevails in plug valve exports structure, resulting at X units, which was approx. X% of total exports in 2017. South Korea (X units) took a X% share (based on tons) of total exports, which put it in second place, followed by Japan (X%) and Taiwan, Chinese (X%).

China was also the fastest growing in terms of the ball and plug valves exports, with a CAGR of +X% from 2007 to 2017. At the same time, Taiwan, Chinese (+X%) displayed positive paces of growth. South Korea and Japan experienced a relatively flat trend pattern. China (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plug valve supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

In China, plug valve exports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Plug Valve Export Prices by Country in Eastern Asia

The plug valve export price in Eastern Asia stood at $X per unit in 2017, shrinking by -X% against the previous year. The plug valve export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, an increase of X% against the previous year. Over the period under review, the export prices for ball and plug valves attained its peak figure level of $X per unit in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Plug Valve Imports in Eastern Asia

The imports totaled X units in 2017, surging by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017, when it surged by X% against the previous year. In that year, the plug valve imports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, plug valve imports totaled $X in 2017. The total imports indicated a pronounced increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the plug valve imports decreased by -X% against 2014 indices. Over the period under review, the plug valve imports attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Plug Valve Imports by Country in Eastern Asia

In 2017, China (X units) represented the largest importer for ball and plug valves, making up X% of total imports. South Korea (X units) ranks second in terms of the global imports with a X% share, followed by Japan (X%) and Taiwan, Chinese (X%). China, Hong Kong SAR (X units) took the mild share of total imports.

China was also the fastest growing in terms of the ball and plug valves imports, with a CAGR of +X% from 2007 to 2017. At the same time, Taiwan, Chinese (+X%) and South Korea (+X%) displayed positive paces of growth. Japan and China, Hong Kong SAR experienced a relatively flat trend pattern. From 2007 to 2017, the share of Taiwan, Chinese, South Korea and China decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported ball and plug valves in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Japan (+X% per year).

Plug Valve Import Prices by Country in Eastern Asia

The plug valve import price in Eastern Asia stood at $X per unit in 2017, going down by -X% against the previous year. The plug valve import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, an increase of X% year-to-year. The level of import price peaked of $X per unit in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was South Korea ($X per unit), while Taiwan, Chinese ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform