Eastern Europe: Safety Valve Market 2024

Safety Valve Market Size in Eastern Europe

The East European safety valve market shrank rapidly to $X in 2021, falling by -28.5% against the previous year. Over the period under review, consumption, however, posted a noticeable increase. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Safety Valve Production in Eastern Europe

In value terms, safety valve production fell dramatically to $X in 2021 estimated in export price. Overall, production, however, recorded a slight increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 231%. As a result, production attained the peak level of $X, and then shrank remarkably in the following year.

Safety Valve Exports

Exports in Eastern Europe

In 2021, the amount of safety or relief valves for pipes, boiler shells, tanks and vats exported in Eastern Europe surged to X units, picking up by 118% on the previous year. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, safety valve exports surged to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Romania (X units), distantly followed by Poland (X units), the Czech Republic (X units), Hungary (X units), Slovakia (X units) and Russia (X units) were the main exporters of safety or relief valves for pipes, boiler shells, tanks and vats, together creating 93% of total exports. Belarus (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of +65.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest safety valve supplying countries in Eastern Europe were Romania ($X), the Czech Republic ($X) and Hungary ($X), together comprising 66% of total exports.

Among the main exporting countries, Romania, with a CAGR of +45.4%, recorded the highest growth rate of 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, dropping by -36.8% against the previous year. In general, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 9.9%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-5.6%), while the other leaders experienced a decline in the export price figures.

Safety Valve Imports

Imports in Eastern Europe

In 2021, the amount of safety or relief valves for pipes, boiler shells, tanks and vats imported in Eastern Europe soared to X units, increasing by 78% on 2020 figures. Overall, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, safety valve imports reached $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 19%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

The purchases of the four major importers of safety or relief valves for pipes, boiler shells, tanks and vats, namely Hungary, Poland, Russia and the Czech Republic, represented more than two-thirds of total import. Romania (X units) took a 6.5% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (4.8%). The following importers - Belarus (X units) and Bulgaria (X units) - each recorded a 3.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +30.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest safety valve importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined 64% share of total imports. These countries were followed by Hungary, Romania, Slovakia, Belarus and Bulgaria, which together accounted for a further 29%.

Among the main importing countries, Slovakia, with a CAGR of +10.9%, saw the highest rates of growth with regard to the value of imports, 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, falling by -36.5% against the previous year. Overall, the import price showed a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 5% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-7.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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