India: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in India

The Indian pressure-reducing iron valve market was estimated at $X in 2022, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a moderate increase 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, consumption decreased by -2.6% against 2020 indices. Pressure-reducing iron valve consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Pressure-Reducing Iron Valve Production in India

In value terms, pressure-reducing iron valve production totaled $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 29%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports from India

In 2022, pressure-reducing iron valve exports from India rose modestly to X units, growing by 3% compared with the previous year. In general, exports saw buoyant growth. The pace of growth was the most pronounced in 2019 when exports increased by 61%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, pressure-reducing iron valve exports contracted to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 60% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units), China (X units) and Hong Kong SAR (X units) were the main destinations of pressure-reducing iron valve exports from India, with a combined 35% share of total exports. Bangladesh, the United States, France, Egypt, the United Arab Emirates, the Netherlands, Kenya, Thailand, Germany and Nepal lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +63.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pressure-reducing iron valve exported from India were China ($X), Hong Kong SAR ($X) and the United Arab Emirates ($X), together comprising 33% of total exports. The United States, Saudi Arabia, Bangladesh, Egypt, Germany, the Netherlands, Thailand, Kenya, Nepal and France lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, the Netherlands, with a CAGR of +67.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2022, with a decrease of -11.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 23%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to France ($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 Germany (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into India

Pressure-reducing iron valve imports into India shrank to X units in 2022, with a decrease of -10.9% compared with 2021 figures. Over the period under review, imports, however, posted noticeable growth. The growth pace was the most rapid in 2021 when imports increased by 48%. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, pressure-reducing iron valve imports surged to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest pressure-reducing iron valve supplier to India, with a 36% share of total imports. Moreover, pressure-reducing iron valve imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. The third position in this ranking was taken by Italy (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+48.4% per year) and Italy (-2.1% per year).

In value terms, the largest pressure-reducing iron valve suppliers to India were China ($X), Germany ($X) and South Korea ($X), with a combined 50% share of total imports. Finland, the United States, Italy, Israel, Denmark, the UK and the United Arab Emirates lagged somewhat behind, together comprising a further 36%.

In terms of the main suppliers, Israel, with a CAGR of +70.5%, 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

The average pressure-reducing iron valve import price stood at $X per unit in 2022, picking up by 46% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pressure-reducing iron valve import price increased by +47.8% against 2020 indices. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the United Arab Emirates ($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 (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform