Eastern Asia: Safety Valve Market 2025

Safety Valve Market Size in Eastern Asia

The East Asian safety valve market contracted remarkably to $X in 2021, waning by -31.4% against the previous year. Over the period under review, consumption, however, continues to indicate a buoyant increase. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Safety Valve Production in Eastern Asia

In value terms, safety valve production declined significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 170%. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

Safety Valve Exports

Exports in Eastern Asia

In 2021, the amount of safety or relief valves for pipes, boiler shells, tanks and vats exported in Eastern Asia rose markedly to X units, surging by 13% against the year before. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 17%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, safety valve exports totaled $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China was the main exporting country with an export of around X units, which resulted at 53% of total exports. Japan (X units) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (17%) and South Korea (5.9%). Hong Kong SAR (X units) held a relatively small share of total exports.

China was also the fastest-growing in terms of the safety or relief valves for pipes, boiler shells, tanks and vats exports, with a CAGR of +9.8% from 2012 to 2021. At the same time, Hong Kong SAR (+8.0%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-4.2%) and South Korea (-18.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Taiwan (Chinese) increased by +32 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest safety valve supplying countries in Eastern Asia were Japan ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 88% share of total exports. South Korea and Hong Kong SAR lagged somewhat behind, together comprising a further 12%.

Hong Kong SAR, with a CAGR of +10.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, standing approx. at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 7.5%. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.0%), while the other leaders experienced more modest paces of growth.

Safety Valve Imports

Imports in Eastern Asia

In 2021, after three years of decline, there was significant growth in supplies from abroad of safety or relief valves for pipes, boiler shells, tanks and vats, when their volume increased by 52% to X units. The total import volume increased at an average annual rate of +2.9% 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.

In value terms, safety valve imports soared to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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) represented the main importer of safety or relief valves for pipes, boiler shells, tanks and vats, generating 56% of total imports. Japan (X units) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (13%) and Taiwan (Chinese) (10%). Hong Kong SAR (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to safety valve imports into China stood at +3.7%. At the same time, Japan (+10.5%) and Hong Kong SAR (+9.7%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +10.5% from 2012-2021. By contrast, Taiwan (Chinese) (-2.3%) and South Korea (-2.3%) illustrated a downward trend over the same period. Japan (+7.3 p.p.), China (+4 p.p.) and Hong Kong SAR (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and South Korea saw its share reduced by -5.9% and -8% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported safety or relief valves for pipes, boiler shells, tanks and vats in Eastern Asia, comprising 55% of total imports. The second position in the ranking was held by South Korea ($X), with a 20% share of total imports. It was followed by Japan, with a 12% share.

In China, safety valve imports increased at an average annual rate of +1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-1.2% per year) and Japan (+7.6% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, with a decrease of -14.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 18% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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