Eastern Europe: Check Valve Market 2024

Check Valve Market Size in Eastern Europe

After three years of growth, the East European check valve market decreased by -18.9% to $X in 2021. In general, consumption, however, showed a noticeable increase. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Check Valve Production in Eastern Europe

In value terms, check valve production fell remarkably to $X in 2021 estimated in export price. In general, production, however, enjoyed a noticeable expansion. The growth pace was the most rapid in 2015 with an increase of 111% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank markedly in the following year.

Check Valve Exports

Exports in Eastern Europe

In 2021, exports of check valves for pipes, boiler shells, tanks and vats in Eastern Europe surged to X units, picking up by 63% compared with the previous year. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 65% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, check valve exports soared to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 21% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, Poland (X units) was the main exporter of check valves for pipes, boiler shells, tanks and vats, constituting 42% of total exports. The Czech Republic (X units) held the second position in the ranking, distantly followed by Russia (X units), Hungary (X units) and Belarus (X units). All these countries together held approx. 46% share of total exports. The following exporters - Romania (X units) and Lithuania (X units) - each resulted at a 5.3% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +32.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest check valve supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Russia ($X), with a combined 73% share of total exports. These countries were followed by Hungary, Romania, Belarus and Lithuania, which together accounted for a further 20%.

In terms of the main exporting countries, Romania, with a CAGR of +17.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, falling by -27.4% against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2015 an increase of 6.1%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (-6.4%), while the other leaders experienced a decline in the export price figures.

Check Valve Imports

Imports in Eastern Europe

In 2021, purchases abroad of check valves for pipes, boiler shells, tanks and vats increased by 58% to X units, rising for the fifth year in a row after two years of decline. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 72%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, check valve imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 29%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Russia was the key importing country with an import of around X units, which resulted at 40% of total imports. Poland (X units) ranks second in terms of the total imports with a 20% share, followed by the Czech Republic (13%) and Hungary (6.9%). The following importers - Romania (X units), Slovakia (X units), Bulgaria (X units), Ukraine (X units) and Belarus (X units) - together made up 17% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +29.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2021, with a combined 70% share of total imports. Hungary, Romania, Slovakia, Ukraine, Belarus and Bulgaria lagged somewhat behind, together accounting for a further 27%.

Hungary, with a CAGR of +7.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, shrinking by -27.4% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by 4.9% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (-3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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