We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report ECOWAS - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

ECOWAS - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

ECOWAS: Pressure-Reducing Iron Valve Market 2025

Pressure-Reducing Iron Valve Exports

Exports in ECOWAS

In 2022, shipments abroad of pressure-reducing, control, check and safety valves was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 496%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, pressure-reducing iron valve exports skyrocketed to $X in 2022. Overall, exports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2015 with an increase of 359%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ghana (X units) and Senegal (X units) were the largest exporters of pressure-reducing, control, check and safety valves in 2022, recording approx. 36% and 30% of total exports, respectively. It was distantly followed by Nigeria (X units) and Cote d'Ivoire (X units), together mixing up a 27% share of total exports. Mali (X units) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of +48.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve supplying countries in ECOWAS were Ghana ($X), Senegal ($X) and Nigeria ($X), together comprising 79% of total exports. Cote d'Ivoire and Mali lagged somewhat behind, together comprising a further 18%.

In terms of the main exporting countries, Mali, with a CAGR of +47.7%, 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

In 2022, the export price in ECOWAS amounted to $X per unit, shrinking by -9.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 45%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mali ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+10.8%), while the other leaders experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports in ECOWAS

Pressure-reducing iron valve imports expanded sharply to X units in 2022, with an increase of 6.8% on 2021. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 136% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pressure-reducing iron valve imports skyrocketed to $X in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria (X units) represented roughly 98% of total imports in 2022.

Nigeria was also the fastest-growing in terms of the pressure-reducing, control, check and safety valves imports, with a CAGR of +47.6% from 2012 to 2022. While the share of Nigeria (+34 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported pressure-reducing, control, check and safety valves in ECOWAS.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at +46.9%.

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, growing by 181% against the previous year. In general, the import price, however, showed a slight slump. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to -0.5% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the pressure-reducing iron valve market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28141120 - Pressure-reducing valves of cast iron or steel, for pipes, b oiler shells, tanks, vats and the like (excluding those combined with lubricators or filters)
  • Prodcom 28141140 - Pressure-reducing valves for pipes, boiler shells, tanks, vats and the like (excluding of cast iron or steel, those combined with filters or lubricators)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in ECOWAS, split by region and country
  • Trade (exports and imports) in ECOWAS
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Niger
    • Nigeria
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

Recommended reports

Asia - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 266

This report provides an in-depth analysis of the pressure-reducing iron valve market in Asia.

U.S. - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 294

This report provides an in-depth analysis of the pressure-reducing iron valve market in the U.S..

China - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 242

This report provides an in-depth analysis of the pressure-reducing iron valve market in China.

EU - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 259

This report provides an in-depth analysis of the pressure-reducing iron valve market in the EU.

World - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 359

This report provides an in-depth analysis of the global pressure-reducing iron valve market.

Free Data: Pressure-Reducing, Control, Check and Safety Valves - ECOWAS
Table
Pressure-Reducing, Control, Check and Safety Valves - ECOWAS - Table
Dashboard
Pressure-Reducing, Control, Check and Safety Valves - ECOWAS - Dashboard
Report
Pressure-Reducing, Control, Check and Safety Valves - ECOWAS - Report