France: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in France

The French pressure-reducing iron valve market expanded modestly to $X in 2022, growing by 4.9% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +39.1% against 2018 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Pressure-Reducing Iron Valve Production in France

In value terms, pressure-reducing iron valve production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Pressure-reducing iron valve production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports from France

For the fourth consecutive year, France recorded growth in shipments abroad of pressure-reducing, control, check and safety valves, which increased by 0.9% to X units in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 24%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, pressure-reducing iron valve exports declined to $X in 2022. In general, exports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 when exports increased by 28%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Algeria (X units) was the main destination for pressure-reducing iron valve exports from France, with a 23% share of total exports. Moreover, pressure-reducing iron valve exports to Algeria exceeded the volume sent to the second major destination, the UK (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Algeria amounted to +36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+10.8% per year) and Italy (-7.2% per year).

In value terms, the largest markets for pressure-reducing iron valve exported from France were the UK ($X), the United States ($X) and Algeria ($X), with a combined 32% share of total exports.

The United States, with a CAGR of +19.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pressure-reducing iron valve export price amounted to $X per unit, with a decrease of -6.8% against the previous year. In general, the export price showed a noticeable decrease. The growth pace was the most rapid in 2021 an increase of 28% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Algeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into France

In 2022, overseas purchases of pressure-reducing, control, check and safety valves increased by 5.1% to X units, rising for the second consecutive year after three years of decline. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports reached $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Italy (X units) constituted the largest pressure-reducing iron valve supplier to France, with a 46% share of total imports. Moreover, pressure-reducing iron valve imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Belgium (X units), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.2% per year) and Belgium (+14.5% per year).

In value terms, the largest pressure-reducing iron valve suppliers to France were Italy ($X), Germany ($X) and the United States ($X), together comprising 68% of total imports. The UK, Romania, the Czech Republic, the Netherlands, China, Belgium, Spain and Denmark lagged somewhat behind, together accounting for a further 22%.

The Czech Republic, with a CAGR of +15.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pressure-reducing iron valve import price stood at $X per unit in 2022, shrinking by -1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 20%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Belgium ($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 United States (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform