EU: Safety Valve Market 2024

Safety Valve Market Size in the EU

The EU safety valve market declined dramatically to $X in 2021, which is down by -34.6% against the previous year. Over the period under review, consumption, however, recorded a strong increase. As a result, consumption reached the peak level of $X, and then dropped significantly in the following year.

Safety Valve Production in the EU

In value terms, safety valve production fell dramatically to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 61%. As a result, production attained the peak level of $X, and then declined markedly in the following year.

Safety Valve Exports

Exports in the EU

In 2021, shipments abroad of safety or relief valves for pipes, boiler shells, tanks and vats increased by 66% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 78% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, safety valve exports rose modestly to $X in 2021. The total export value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 21%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) and Italy (X units) were the largest exporters of safety or relief valves for pipes, boiler shells, tanks and vats in 2021, amounting to near 28% and 27% of total exports, respectively. It was distantly followed by Romania (X units), France (X units) and Poland (X units), together making up an 18% share of total exports. The Czech Republic (X units), the Netherlands (X units), Hungary (X units), Spain (X units), Austria (X units) and Luxembourg (X units) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main 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, Germany ($X) remains the largest safety valve supplier in the European Union, comprising 42% of total exports. The second position in the ranking was held by Italy ($X), with an 18% share of total exports. It was followed by the Netherlands, with a 5.6% share.

In Germany, safety valve exports expanded at an average annual rate of +2.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+1.7% per year) and the Netherlands (+0.7% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, shrinking by -38.3% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2013 an increase of 30% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-8.6%), while the other leaders experienced a decline in the export price figures.

Safety Valve Imports

Imports in the EU

For the sixth consecutive year, the European Union recorded growth in supplies from abroad of safety or relief valves for pipes, boiler shells, tanks and vats, which increased by 65% to X units in 2021. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 82%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, safety valve imports soared to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 16% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X units), distantly followed by France (X units), Hungary (X units), Poland (X units), the Netherlands (X units), Italy (X units), Ireland (X units), Spain (X units), Belgium (X units) and the Czech Republic (X units) were the main importers of safety or relief valves for pipes, boiler shells, tanks and vats, together making up 80% of total imports. Austria (X units), Romania (X units) and Luxembourg (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +41.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest safety valve importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), with a combined 47% share of total imports. These countries were followed by Poland, Italy, Austria, Belgium, the Czech Republic, Spain, Hungary, Romania, Ireland and Luxembourg, which together accounted for a further 40%.

In terms of the main importing countries, Luxembourg, with a CAGR of +15.4%, recorded 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

The import price in the European Union stood at $X per unit in 2021, dropping by -29.9% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when the import price increased by 9.5% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-8.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :