Europe: Check Valve Market 2024

Check Valve Market Size in Europe

The Europe check valve market declined significantly to $X in 2021, shrinking by -25.3% against the previous year. Overall, consumption, however, continues to indicate buoyant growth. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Check Valve Production in Europe

In value terms, check valve production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 23% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Check Valve Exports

Exports in Europe

Check valve exports skyrocketed to X units in 2021, with an increase of 49% compared with the previous year. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 69%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, check valve exports expanded markedly 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 somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 9.8%. Over the period under review, the exports reached the maximum at $X in 2019; afterwards, it flattened through to 2021.

Exports by Country

The shipments of the six major exporters of check valves for pipes, boiler shells, tanks and vats, namely Germany, Italy, the Netherlands, Spain, France and Poland, represented more than two-thirds of total export. The following exporters - the Czech Republic (X units), Belgium (X units), the UK (X units), Croatia (X units) and Russia (X units) - together made up 14% of total exports.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +26.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest check valve supplier in Europe, comprising 32% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by the UK, with a 9.6% share.

In Germany, check valve exports increased at an average annual rate of +3.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+2.8% per year) and the UK (-4.4% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, reducing by -26.6% against the previous year. In general, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when the export price increased by 23% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 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 the UK ($X per unit), while Croatia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.6%), while the other leaders experienced a decline in the export price figures.

Check Valve Imports

Imports in Europe

In 2021, overseas purchases of check valves for pipes, boiler shells, tanks and vats increased by 66% to X units, rising for the fifth consecutive year after two years of decline. Overall, imports showed a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 68% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, check valve imports soared to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of check valve imports in 2021 were France (X units), Russia (X units), the Netherlands (X units), Spain (X units), Germany (X units) and Italy (X units), together recording 62% of total import. It was distantly followed by Poland (X units), mixing up a 5.3% share of total imports. The following importers - the UK (X units), Ireland (X units), the Czech Republic (X units), Belgium (X units), Austria (X units) and Hungary (X units) - together made up 19% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main 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, Germany ($X), France ($X) and the UK ($X) were the countries with the highest levels of imports in 2021, together comprising 36% of total imports. Russia, Italy, the Netherlands, Spain, Poland, the Czech Republic, Belgium, Austria, Hungary and Ireland lagged somewhat behind, together comprising a further 46%.

Ireland, with a CAGR of +12.4%, saw 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

The import price in Europe stood at $X per unit in 2021, which is down by -30.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the import price increased by 7.6% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform