EU: Check Valve Market 2024

Check Valve Market Size in the EU

The EU check valve market fell rapidly to $X in 2021, shrinking by -30.4% against the previous year. Overall, consumption, however, continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Check Valve Production in the EU

In value terms, check valve production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 8.8%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Check Valve Exports

Exports in the EU

In 2021, shipments abroad of check valves for pipes, boiler shells, tanks and vats increased by 56% to X units, rising for the sixth consecutive year after two years of decline. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 79%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, check valve exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period 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 2014 with an increase of 12% against the previous year. The level of export peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports by Country

In 2021, Germany (X units), Italy (X units), the Netherlands (X units), Spain (X units), France (X units) and Poland (X units) was the key exporter of check valves for pipes, boiler shells, tanks and vats in the European Union, making up 81% of total export. It was distantly followed by the Czech Republic (X units), mixing up a 4.6% 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 Poland (with a CAGR of +22.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest check valve supplier in the European Union, comprising 40% of total exports. The second position in the ranking was taken by Italy ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Germany totaled +3.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+2.8% per year) and the Netherlands (+7.5% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, waning by -29% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of 27%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-7.5%), while the other leaders experienced a decline in the export price figures.

Check Valve Imports

Imports in the EU

For the sixth consecutive year, the European Union recorded growth in purchases abroad of check valves for pipes, boiler shells, tanks and vats, which increased by 70% to X units in 2021. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 78% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, check valve imports surged to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the five major importers of check valves for pipes, boiler shells, tanks and vats, namely France, the Netherlands, Spain, Germany and Italy, represented more than half of total import. It was distantly followed by Poland (X units), creating a 6.4% share of total imports. The following importers - Ireland (X units), the Czech Republic (X units), Belgium (X units), Austria (X units), Hungary (X units), Denmark (X units) and Sweden (X units) - together made up 21% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +26.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest check valve importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), together comprising 44% of total imports. These countries were followed by the Netherlands, Spain, Poland, the Czech Republic, Belgium, Austria, Hungary, Ireland, Denmark and Sweden, which together accounted for a further 47%.

Ireland, with a CAGR of +12.4%, recorded the highest growth rate of the value of imports, in terms of 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 the European Union amounted to $X per unit, reducing by -29.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 an increase of 7.3%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (-2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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