Ireland: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Ireland

The Irish pressure-reducing iron valve market skyrocketed to $X in 2022, picking up by 18% against the previous year. Overall, consumption, however, recorded strong growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Pressure-Reducing Iron Valve Production in Ireland

In value terms, pressure-reducing iron valve production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 62% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Ireland

In 2022, approx. X units of pressure-reducing, control, check and safety valves were exported from Ireland; jumping by 22% on 2021. Overall, exports, however, continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2019 with an increase of 22%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, pressure-reducing iron valve exports surged to $X in 2022. Over the period under review, exports, however, recorded a precipitous descent. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), Singapore (X units) and Germany (X units) were the main destinations of pressure-reducing iron valve exports from Ireland, together comprising 44% of total exports. Mexico, the United States, Italy, Switzerland, France, Australia, Spain, Poland, Saudi Arabia and India lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +24.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Singapore ($X) and the UK ($X) were the largest markets for pressure-reducing iron valve exported from Ireland worldwide, together comprising 40% of total exports. Germany, Switzerland, France, Spain, Italy, Poland, Australia, Saudi Arabia, Mexico and India lagged somewhat behind, together comprising a further 35%.

Mexico, with a CAGR of +26.7%, saw the highest growth rate of 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

In 2022, the average pressure-reducing iron valve export price amounted to $X per unit, increasing by 28% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 61% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($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 the United States (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into Ireland

In 2022, approx. X units of pressure-reducing, control, check and safety valves were imported into Ireland; falling by -4.4% on 2021 figures. Over the period under review, imports recorded a abrupt contraction. The growth pace was the most rapid in 2016 when imports increased by 30% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, pressure-reducing iron valve imports skyrocketed to $X in 2022. In general, imports saw a abrupt descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The UK (X units), Germany (X units) and China (X units) were the main suppliers of pressure-reducing iron valve imports to Ireland, together comprising 74% of total imports. Denmark, the United States, Italy, France, Israel and Switzerland lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +81.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Denmark ($X) were the largest pressure-reducing iron valve suppliers to Ireland, with a combined 62% share of total imports.

Denmark, with a CAGR of +57.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 33% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 50%. As a result, import price attained the peak level of $X per unit. From 2021 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform