Hungary: Safety Valve Market 2025

Safety Valve Market Size in Hungary

In 2021, the Hungarian safety valve market increased by 95% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Safety Valve Production in Hungary

In value terms, safety valve production dropped notably to $X in 2021 estimated in export price. Overall, production, however, showed notable growth. The most prominent rate of growth was recorded in 2015 with an increase of 222% against the previous year. Safety valve production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Safety Valve Exports

Exports from Hungary

In 2021, overseas shipments of safety or relief valves for pipes, boiler shells, tanks and vats increased by 119% to X units, rising for the fifth year in a row after two years of decline. Overall, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, safety valve exports soared to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Russia (X units) and France (X units) were the main destinations of safety valve exports from Hungary, with a combined 74% share of total exports. Ukraine, Japan, Iran, Italy, China and the UK lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +864.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety valve exported from Hungary were Germany ($X), Russia ($X) and Ukraine ($X), with a combined 61% share of total exports. These countries were followed by France, Italy, Japan, Iran, China and the UK, which together accounted for a further 20%.

Iran, with a CAGR of +475.8%, recorded 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

The average safety valve export price stood at $X per unit in 2021, which is down by -38.5% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 7.7% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to France ($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 Italy (-8.8%), while the prices for the other major destinations experienced a decline.

Safety Valve Imports

Imports into Hungary

For the tenth year in a row, Hungary recorded growth in purchases abroad of safety or relief valves for pipes, boiler shells, tanks and vats, which increased by 132% to X units in 2021. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, safety valve imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest safety valve supplier to Hungary, accounting for a 69% share of total imports. Moreover, safety valve imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. China (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +46.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+41.1% per year) and China (+72.8% per year).

In value terms, the largest safety valve suppliers to Hungary were Germany ($X), Italy ($X) and China ($X), with a combined 66% share of total imports. The Netherlands, the United States, India, Ukraine, Spain and the Czech Republic lagged somewhat behind, together comprising a further 18%.

India, with a CAGR of +127.7%, recorded the highest rates of growth with regard to 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 2021, the average safety valve import price amounted to $X per unit, shrinking by -40.6% against the previous year. In general, the import price showed a dramatic decline. The growth pace was the most rapid in 2016 when the average import price increased by 5% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for Germany ($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 United States (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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