Italy: Safety Valve Market 2024

Safety Valve Market Size in Italy

The Italian safety valve market contracted sharply to $X in 2021, waning by -27.9% against the previous year. In general, consumption, however, saw a significant increase. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Safety Valve Production in Italy

In value terms, safety valve production soared to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 56%. Over the period under review, production reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Safety Valve Exports

Exports from Italy

In 2021, the amount of safety or relief valves for pipes, boiler shells, tanks and vats exported from Italy soared to X units, picking up by 103% compared with the year before. Overall, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, safety valve exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), France (X units) and Turkey (X units) were the main destinations of safety valve exports from Italy, together accounting for 28% of total exports. China, the United States, India, Saudi Arabia, Poland, Slovakia, the UK, Egypt, the United Arab Emirates and Algeria lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +30.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and France ($X) were the largest markets for safety valve exported from Italy worldwide, together accounting for 29% of total exports. The United States, Turkey, India, Poland, the UK, Saudi Arabia, Slovakia, Egypt, Algeria and the United Arab Emirates lagged somewhat behind, together accounting for a further 39%.

The United States, with a CAGR of +18.2%, saw the highest rates of growth with regard to the value of exports, among 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

The average safety valve export price stood at $X per unit in 2021, which is down by -39% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 6.4%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to the United Arab Emirates ($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 Poland (-6.4%), while the prices for the other major destinations experienced a decline.

Safety Valve Imports

Imports into Italy

Safety valve imports into Italy skyrocketed to X units in 2021, jumping by 96% on the year before. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 171% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, safety valve imports skyrocketed to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 124% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), Romania (X units) and China (X units) were the main suppliers of safety valve imports to Italy, with a combined 69% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +124.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of safety or relief valves for pipes, boiler shells, tanks and vats to Italy, comprising 31% of total imports. The second position in the ranking was held by Romania ($X), with a 15% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+88.6% per year) and the United States (+9.3% per year).

Import Prices by Country

In 2021, the average safety valve import price amounted to $X per unit, with a decrease of -39% against the previous year. Over the period under review, the import price faced a abrupt decrease. The pace of growth appeared the most rapid in 2019 an increase of 15% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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