France: Safety Valve Market 2024

Safety Valve Market Size in France

The French safety valve market reduced rapidly to $X in 2021, with a decrease of -27.7% against the previous year. Over the period under review, consumption, however, enjoyed a prominent expansion. Over the period under review, the market reached the peak level at $X in 2020, and then dropped markedly in the following year.

Safety Valve Production in France

In value terms, safety valve production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a mild slump. The most prominent rate of growth was recorded in 2017 with an increase of 70%. Safety valve production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Safety Valve Exports

Exports from France

In 2021, shipments abroad of safety or relief valves for pipes, boiler shells, tanks and vats increased by 12% to X units, rising for the third year in a row after four years of decline. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 83%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, safety valve exports contracted rapidly to $X in 2021. In general, exports, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2013 when exports increased by 94%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), Saudi Arabia (X units) and the United States (X units) were the main destinations of safety valve exports from France, with a combined 29% share of total exports. Morocco, China, Belgium, Singapore, Germany, Norway, Algeria, the UK, Kuwait and Spain lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +44.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the largest markets for safety valve exported from France worldwide, together comprising 26% of total exports. These countries were followed by Germany, the United States, the UK, Belgium, Morocco, Norway, Algeria, Spain, Singapore and Kuwait, which together accounted for a further 39%.

Singapore, with a CAGR of +27.4%, recorded the highest growth rate of 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 2021, the average safety valve export price amounted to $X per unit, dropping by -37% against the previous year. In general, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 19% against the previous year. Over the period under review, the average export prices attained the maximum 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 for the major export markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-7.0%), while the prices for the other major destinations experienced a decline.

Safety Valve Imports

Imports into France

In 2021, the amount of safety or relief valves for pipes, boiler shells, tanks and vats imported into France skyrocketed to X units, with an increase of 110% on the previous year's figure. Over the period under review, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, safety valve imports surged to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.1% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Germany (X units) and Turkey (X units) were the main suppliers of safety valve imports to France, with a combined 68% share of total imports. The UK, the United States, China, Spain, Romania, Switzerland and the Netherlands lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +62.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the United States ($X) were the largest safety valve suppliers to France, with a combined 61% share of total imports. The UK, the Netherlands, Romania, Turkey, Switzerland, Spain and China lagged somewhat behind, together comprising a further 26%.

Romania, with a CAGR of +60.5%, recorded the highest growth rate of the value of imports, in terms of 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 safety valve import price stood at $X per unit in 2021, dropping by -38.5% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 18%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for Turkey ($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 Netherlands (+5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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