Israel: Check Valve Market 2024

Check Valve Market Size in Israel

In 2021, the Israeli check valve market decreased by -53.3% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced markedly in the following year.

Check Valve Production in Israel

In value terms, check valve production reduced markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 323% against the previous year. As a result, production reached the peak level of $X, and then declined notably in the following year.

Check Valve Exports

Exports from Israel

In 2021, overseas shipments of check valves for pipes, boiler shells, tanks and vats increased by 58% to X units, rising for the fifth year in a row after two years of decline. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by 107% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, check valve exports rose rapidly to $X in 2021. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 94% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The United States (X units) was the main destination for check valve exports from Israel, accounting for a 73% share of total exports. Moreover, check valve exports to the United States exceeded the volume sent to the second major destination, China (X units), more than tenfold. The third position in this ranking was held by France (X units), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.9% per year) and France (+20.4% per year).

In value terms, the United States ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Israel, comprising 73% of total exports. The second position in the ranking was taken by China ($X), with a 4.7% share of total exports. It was followed by France, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+5.2% per year) and France (+20.8% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, dropping by -30.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 23%. As a result, the export price reached the peak level of $X per unit, and then plummeted in the following year.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Brazil ($X per unit) and Poland ($X per unit), while the average price for exports to Spain ($X per unit) and the Czech Republic ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Israel

Check valve imports into Israel totaled X units in 2021, with an increase of 8.7% compared with 2020. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, check valve imports expanded notably to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 18% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

The United States (X units), China (X units) and Italy (X units) were the main suppliers of check valve imports to Israel, together accounting for 67% of total imports. The Netherlands, Germany, Turkey, Denmark, the UK, Taiwan (Chinese) and South Korea lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +19.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Italy ($X) were the largest check valve suppliers to Israel, together accounting for 67% of total imports. These countries were followed by the Netherlands, Germany, Turkey, Denmark, the UK, Taiwan (Chinese) and South Korea, which together accounted for a further 25%.

Among the main suppliers, Denmark, with a CAGR of +22.0%, 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 check valve import price stood at $X per unit in 2021, increasing by 5.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2020 an increase of 9.8%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from South Korea ($X per unit) and Germany ($X per unit), while the price for Italy ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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