Report Update Nov 1, 2024

Iraq - Safety or Relief Valves for Pipes, Boiler Shells, Tanks and Vats - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Safety Valve Market 2024

Safety Valve Market Size in Iraq

The Iraqi safety valve market skyrocketed to $X in 2021, picking up by 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded moderate growth. Safety valve consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Safety Valve Exports

Exports from Iraq

For the third consecutive year, Iraq recorded decline in overseas shipments of safety or relief valves for pipes, boiler shells, tanks and vats, which decreased by 0% to X units in 2021. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 7,067%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, safety valve exports amounted to $X in 2021. In general, exports saw buoyant growth. The growth pace was the most rapid in 2018 when exports increased by 10,668% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Nigeria (X units) and Greece (X units) were the main destinations of safety valve exports from Iraq, together accounting for 96% of total exports. These countries were followed by the Netherlands, which accounted for a further 2.6%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

It was followed by the Netherlands, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-2.5% per year) and the Netherlands (0.0% per year).

Export Prices by Country

In 2021, the average safety valve export price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the export price enjoyed resilient growth. The growth pace was the most rapid in 2017 an increase of 77%. The export price peaked 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 the Netherlands ($X per unit), while the average price for exports to Greece ($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 Iran (+157.0%).

Safety Valve Imports

Imports into Iraq

In 2021, approx. X units of safety or relief valves for pipes, boiler shells, tanks and vats were imported into Iraq; jumping by 75% on 2020. In general, imports posted a resilient increase. The growth pace was the most rapid in 2013 when imports increased by 88% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, safety valve imports skyrocketed to $X in 2021. Overall, imports showed a pronounced increase. The pace of growth was the most pronounced in 2019 when imports increased by 134% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of safety valve to Iraq, with a 74% share of total imports. Moreover, safety valve imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X units), eightfold. China (X units) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-4.0% per year) and China (+15.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of safety or relief valves for pipes, boiler shells, tanks and vats to Iraq, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Turkey, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.0% per year) and Turkey (-1.8% per year).

Import Prices by Country

The average safety valve import price stood at $X per unit in 2021, shrinking by -32.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 38% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safety or relief valves for pipes, boiler shells, tanks and vats in the world?

The country with the largest volume of safety valve consumption was China, accounting for 26% of total volume. Moreover, safety valve consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The U.S. ranked third in terms of total consumption with a 9.8% share.

What are the largest producers of safety or relief valves for pipes, boiler shells, tanks and vats in the world?

The countries with the highest volumes of safety valve production in 2020 were China, the U.S. and India, together accounting for 57% of global production. Japan, Italy, France, Taiwan Chinese), South Korea, Germany, Mexico, Thailand and Saudi Arabia lagged somewhat behind, together comprising a further 28%.

What are the leading suppliers of safety or relief valves for pipes, boiler shells, tanks and vats to Iraq?

In value terms, the United Arab Emirates constituted the largest supplier of safety valve to Iraq, comprising 46% of total imports. The second position in the ranking was occupied by France, with a 17% share of total imports. It was followed by China, with a 11% share.

What is the average export price for safety or relief valves for pipes, boiler shells, tanks and vats in Iraq?

In 2019, the average safety valve export price amounted to $79 per unit, remaining relatively unchanged against the previous year.

What is the average import price for safety or relief valves for pipes, boiler shells, tanks and vats in Iraq?

The average safety valve import price stood at $63 per unit in 2020, increasing by 18% against the previous year.

This report provides an in-depth analysis of the safety valve market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28141180 - Safety or relief valves for pipes, boiler shells, tanks, vats and the like

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023