Europe: Safety Valve Market 2025

Safety Valve Market Size in Europe

The Europe safety valve market dropped significantly to $X in 2021, reducing by -32.8% against the previous year. Overall, consumption, however, saw a buoyant increase. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Safety Valve Production in Europe

In value terms, safety valve production declined notably to $X in 2021 estimated in export price. The total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +26.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 59% against the previous year. As a result, production attained the peak level of $X, and then fell dramatically in the following year.

Safety Valve Exports

Exports in Europe

In 2021, shipments abroad of safety or relief valves for pipes, boiler shells, tanks and vats increased by 63% to X units, rising for the third year in a row after two years of decline. Overall, exports posted a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 66%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, safety valve exports totaled $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 17%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Germany (X units) and Italy (X units) represented the key exporters of safety or relief valves for pipes, boiler shells, tanks and vats in Europe, together achieving 51% of total exports. It was distantly followed by Romania (X units), comprising an 8% share of total exports. France (X units), Poland (X units), the Czech Republic (X units), the Netherlands (X units), Hungary (X units), Switzerland (X units), the UK (X units), Spain (X units), Austria (X units) and Luxembourg (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +65.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Switzerland ($X) and Italy ($X) were the countries with the highest levels of exports in 2021, together accounting for 64% of total exports. These countries were followed by the UK, the Netherlands, France, Romania, the Czech Republic, Hungary, Austria, Poland, Spain and Luxembourg, which together accounted for a further 28%.

Among the main exporting countries, Romania, with a CAGR of +45.4%, saw the highest rates of growth with regard to 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 2021, the export price in Europe amounted to $X per unit, shrinking by -34.1% against the previous year. Overall, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2013 an increase of 24% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 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 Switzerland ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+1.3%), while the other leaders experienced mixed trends in the export price figures.

Safety Valve Imports

Imports in Europe

In 2021, supplies from abroad of safety or relief valves for pipes, boiler shells, tanks and vats increased by 55% to X units, rising for the fifth consecutive year after two years of decline. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, safety valve imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 16%. The level of import peaked at $X in 2019; afterwards, it flattened through to 2021.

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) and Russia (X units) represented the major importers of safety or relief valves for pipes, boiler shells, tanks and vats, together committing 68% of total imports. Belgium (X units), the Czech Republic (X units), the UK (X units) and Austria (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +30.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2021, together comprising 37% of total imports. France, Russia, Poland, Italy, Austria, Belgium, the Czech Republic, Spain, Hungary and Ireland lagged somewhat behind, together comprising a further 42%.

In terms of the main importing countries, Ireland, with a CAGR of +8.0%, 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 Europe stood at $X per unit in 2021, reducing by -30.1% against the previous year. In general, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 8.9%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform