Germany: Check Valve Market 2024

Check Valve Market Size in Germany

The German check valve market contracted sharply to $X in 2021, reducing by -40% against the previous year. In general, consumption, however, recorded a strong expansion. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Check Valve Production in Germany

In value terms, check valve production rose slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate slight growth. The pace of growth was the most pronounced in 2013 with an increase of 15% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Check Valve Exports

Exports from Germany

In 2021, overseas shipments of check valves for pipes, boiler shells, tanks and vats increased by 62% to X units, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue 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 +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 16%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for check valve exports from Germany, with a 21% share of total exports. Moreover, check valve exports to China exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was held by Poland (X units), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.6% per year) and Poland (+7.3% per year).

In value terms, China ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Germany, comprising 19% of total exports. The second position in the ranking was held by the United States ($X), with a 6.4% share of total exports. It was followed by the Netherlands, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.7% per year) and the Netherlands (+4.0% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, which is down by -33.5% against the previous year. In general, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 16%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to Saudi Arabia ($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 Poland (-1.1%), while the prices for the other major destinations experienced a decline.

Check Valve Imports

Imports into Germany

For the third year in a row, Germany recorded growth in purchases abroad of check valves for pipes, boiler shells, tanks and vats, which increased by 72% to X units in 2021. In general, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, check valve imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 14%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and the Czech Republic (X units) were the main suppliers of check valve imports to Germany, together accounting for 53% of total imports. These countries were followed by the Netherlands, India, the United States, France, Switzerland, Hungary, Poland, Austria and Slovakia, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +74.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest check valve suppliers to Germany were the United States ($X), Italy ($X) and Switzerland ($X), with a combined 48% share of total imports. These countries were followed by China, France, the Czech Republic, the Netherlands, India, Poland, Hungary, Austria and Slovakia, which together accounted for a further 36%.

Among the main suppliers, Slovakia, with a CAGR of +55.0%, saw the highest growth rate of 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

In 2021, the average check valve import price amounted to $X per unit, which is down by -36% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 13%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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