Germany: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Germany

The German pressure-reducing iron valve market totaled $X in 2022, with an increase of 3.7% against the previous year. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -26.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Pressure-Reducing Iron Valve Production in Germany

In value terms, pressure-reducing iron valve production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14%. Pressure-reducing iron valve production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Germany

In 2022, pressure-reducing iron valve exports from Germany dropped to X units, which is down by -2.6% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. As a result, the exports attained the peak of X units, and then fell modestly in the following year.

In value terms, pressure-reducing iron valve exports declined modestly to $X in 2022. In general, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

The United States (X units), China (X units) and Italy (X units) were the main destinations of pressure-reducing iron valve exports from Germany, with a combined 25% share of total exports. The UK, France, Poland, Austria, the Netherlands, Spain, Belgium, South Africa, Switzerland and India lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +10.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pressure-reducing iron valve exported from Germany were the United States ($X), China ($X) and Italy ($X), with a combined 29% share of total exports. France, Austria, Switzerland, the UK, the Netherlands, Poland, Belgium, Spain, India and South Africa lagged somewhat behind, together accounting for a further 38%.

Poland, with a CAGR of +9.8%, recorded the highest rates of growth with regard to the value of exports, among 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, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2013 an increase of 12% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then dropped modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to South Africa ($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 Austria (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into Germany

In 2022, overseas purchases of pressure-reducing, control, check and safety valves increased by 3% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, pressure-reducing iron valve imports stood at $X in 2022. Over the period under review, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Hungary (X units), the Czech Republic (X units) and Italy (X units) were the main suppliers of pressure-reducing iron valve imports to Germany, together accounting for 64% of total imports. South Korea, China, the United States, Poland, Israel, Turkey, Switzerland, India and the UK lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +39.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve suppliers to Germany were Hungary ($X), Italy ($X) and the United States ($X), with a combined 47% share of total imports. The Czech Republic, Switzerland, South Korea, China, the UK, Poland, Israel, Turkey and India lagged somewhat behind, together comprising a further 36%.

Israel, with a CAGR of +36.8%, 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

In 2022, the average pressure-reducing iron valve import price amounted to $X per unit, with a decrease of -2.9% against the previous year. In general, the import price recorded a mild downturn. The pace of growth appeared the most rapid in 2013 an increase of 11% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform