Europe: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Europe

The Europe pressure-reducing iron valve market was estimated at $X in 2022, remaining stable against the previous year. In general, consumption, however, recorded resilient growth. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Pressure-Reducing Iron Valve Production in Europe

In value terms, pressure-reducing iron valve production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports in Europe

In 2022, approx. X units of pressure-reducing, control, check and safety valves were exported in Europe; therefore, remained relatively stable against the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 9.7% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, pressure-reducing iron valve exports declined modestly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Italy (X units), distantly followed by Germany (X units), Hungary (X units) and Denmark (X units) represented the main exporters of pressure-reducing, control, check and safety valves, together achieving 67% of total exports. The Czech Republic (X units), the UK (X units), France (X units), Poland (X units), Romania (X units), Spain (X units), the Netherlands (X units), Sweden (X units) and Bulgaria (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bulgaria (with a CAGR of +39.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve supplying countries in Europe were Germany ($X), Italy ($X) and the UK ($X), together comprising 61% of total exports. Denmark, Hungary, France, the Czech Republic, the Netherlands, Poland, Romania, Sweden, Bulgaria and Spain lagged somewhat behind, together accounting for a further 28%.

In terms of the main exporting countries, Bulgaria, with a CAGR of +35.9%, recorded 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

In 2022, the export price in Europe amounted to $X per unit, falling by -4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 7.4%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.5%), while the other leaders experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports in Europe

Pressure-reducing iron valve imports contracted slightly to X units in 2022, which is down by -4.2% against 2021. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 15%. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, pressure-reducing iron valve imports reached $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of pressure-reducing iron valve imports in 2022 were Germany (X units), the UK (X units) and Spain (X units), together finishing at 40% of total import. It was distantly followed by Russia (X units), Italy (X units) and France (X units), together generating a 17% share of total imports. Poland (X units), the Czech Republic (X units), Denmark (X units), Belgium (X units), the Netherlands (X units), Romania (X units) and Greece (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Greece (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 38% share of total imports. France, the Czech Republic, Spain, the Netherlands, Poland, Italy, Denmark, Belgium, Romania and Greece lagged somewhat behind, together accounting for a further 39%.

Greece, with a CAGR of +8.7%, saw the highest rates of growth with regard to 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 2022, the import price in Europe amounted to $X per unit, growing by 4.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 9.9% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform