Egypt: Check Valve Market 2024

Check Valve Market Size in Egypt

The Egyptian check valve market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption saw a mild shrinkage. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Check Valve Exports

Exports from Egypt

Check valve exports from Egypt declined significantly to X units in 2021, reducing by -96.7% compared with the previous year. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 695%. The exports peaked at X units in 2020, and then dropped remarkably in the following year.

In value terms, check valve exports dropped remarkably to $X in 2021. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2015 when exports increased by 445%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Jordan (X units), Ghana (X units) and Italy (X units) were the main destinations of check valve exports from Egypt, with a combined 80% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +25.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for check valve exported from Egypt were Italy ($X), Jordan ($X) and the Netherlands ($X), with a combined 63% share of total exports. Morocco, Rwanda, Ghana, Turkey and the Czech Republic lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, Rwanda, with a CAGR of +96.8%, saw 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 average check valve export price stood at $X per unit in 2021, with a decrease of -7.1% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 37%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Ghana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Egypt

Check valve imports into Egypt shrank to X units in 2021, with a decrease of -4.5% on 2020. Overall, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of 86% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, check valve imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest check valve supplier to Egypt, with a 64% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was held by the United States (X units), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.8% per year) and the United States (-21.3% per year).

In value terms, the largest check valve suppliers to Egypt were China ($X), Italy ($X) and the United States ($X), with a combined 71% share of total imports. These countries were followed by Germany, Poland and Thailand, which together accounted for a further 6.9%.

Poland, with a CAGR of +19.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average check valve import price amounted to $X per unit, surging by 30% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, check valve import price increased by +23.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 40% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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