Israel: Safety Valve Market 2024

Safety Valve Market Size in Israel

In 2021, after five years of growth, there was significant decline in the Israeli safety valve market, when its value decreased by -35.4% to $X. In general, consumption, however, enjoyed a buoyant increase. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Safety Valve Production in Israel

In value terms, safety valve production dropped sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 134%. As a result, production attained the peak level of $X, and then contracted rapidly in the following year.

Safety Valve Exports

Exports from Israel

In 2021, the amount of safety or relief valves for pipes, boiler shells, tanks and vats exported from Israel surged to X units, increasing by 57% against the previous year's figure. Overall, exports posted a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 64% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, safety valve exports soared to $X in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +84.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), Australia (X units) and Slovenia (X units) were the main destinations of safety valve exports from Israel, together comprising 43% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +118.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety valve exported from Israel were the United States ($X), Australia ($X) and Slovenia ($X), with a combined 43% share of total exports.

Slovenia, with a CAGR of +122.3%, 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 2021, the average safety valve export price amounted to $X per unit, falling by -9.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank in the following year.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to the Czech Republic ($X per unit) and Poland ($X per unit), while the average price for exports to France ($X per unit) and Slovenia ($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 Slovenia (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Valve Imports

Imports into Israel

After two years of growth, purchases abroad of safety or relief valves for pipes, boiler shells, tanks and vats decreased by -48.8% to X units in 2021. Overall, imports, however, posted a moderate expansion. The growth pace was the most rapid in 2020 with an increase of 139% against the previous year. As a result, imports reached the peak of X units, and then reduced markedly in the following year.

In value terms, safety valve imports declined sharply to $X in 2021. Over the period under review, imports, however, posted tangible growth. The growth pace was the most rapid in 2020 with an increase of 179%. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

Switzerland (X units), the United States (X units) and Germany (X units) were the main suppliers of safety valve imports to Israel, together comprising 75% of total imports. China, the UK, the Netherlands, Italy and France lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +19.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest safety valve suppliers to Israel were Switzerland ($X), the United States ($X) and Germany ($X), with a combined 75% share of total imports. These countries were followed by China, the UK, the Netherlands, Italy and France, which together accounted for a further 18%.

Among the main suppliers, China, with a CAGR of +21.2%, recorded 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 safety valve import price stood at $X per unit in 2021, declining by -3.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 an increase of 17%. As a result, import price reached the peak level of $X per unit, and then dropped modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were France ($X per unit) and Italy ($X per unit), while the price for Switzerland ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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