Italy: Market for Process Control, Gate, Globe and Other Valves 2024

Market Size for Process Control, Gate, Globe and Other Valves in Italy

The Italian market for process control, gate, globe and other valves was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 -18.3% against 2018 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Process Control, Gate, Globe and Other Valves in Italy

In value terms, production of process control, gate, globe and other valves rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 29%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Process Control, Gate, Globe and Other Valves

Exports from Italy

In 2022, exports of process control, gate, globe and other valves from Italy shrank to X tons, which is down by -7% against the year before. Over the period under review, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 12%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of process control, gate, globe and other valves reduced to $X in 2022. In general, exports saw a slight decline. The growth pace was the most rapid in 2021 with an increase of 14%. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the United States (X tons) and France (X tons) were the main destinations of exports of process control, gate, globe and other valves from Italy, with a combined 32% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +2.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for process control, gate, globe and other valves exported from Italy were Germany ($X), the United States ($X) and France ($X), with a combined 28% share of total exports. China, the UK, Saudi Arabia, Russia, Spain, the Netherlands, the United Arab Emirates, Poland, Belgium and Turkey lagged somewhat behind, together comprising a further 33%.

Among the main countries of destination, China, with a CAGR of +4.2%, 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 export price for process control, gate, globe and other valves stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 7.5% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Process Control, Gate, Globe and Other Valves

Imports into Italy

In 2022, overseas purchases of process control, gate, globe and other valves increased by 17% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of process control, gate, globe and other valves amounted to $X in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and France (X tons) were the main suppliers of imports of process control, gate, globe and other valves to Italy, together accounting for 69% of total imports. Spain, Poland, the Czech Republic, Denmark, Bulgaria, Belgium, Turkey and the UK lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +24.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Denmark ($X) were the largest process control, gate, globe and other valves suppliers to Italy, with a combined 56% share of total imports. France, the Czech Republic, Spain, Belgium, the UK, Bulgaria, Poland and Turkey lagged somewhat behind, together comprising a further 23%.

Belgium, with a CAGR of +15.8%, recorded the highest rates of growth with regard to 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 import price for process control, gate, globe and other valves stood at $X per ton in 2022, reducing by -8.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2020 when the average import price increased by 8.6% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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