Latin America and the Caribbean: Pressure-Reducing Iron Valve Market 2025

Pressure-Reducing Iron Valve Market Size in Latin America and the Caribbean

In 2022, the Latin American pressure-reducing iron valve market decreased by -5.3% to $X, falling for the second year in a row after four years of growth. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 -6.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Pressure-Reducing Iron Valve Production in Latin America and the Caribbean

In value terms, pressure-reducing iron valve production reached $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.3% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 39%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of pressure-reducing, control, check and safety valves increased by 17% to X units, rising for the fifth consecutive year after two years of decline. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 138% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, pressure-reducing iron valve exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 22%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico prevails in exports structure, accounting for X units, which was approx. 95% of total exports in 2022. Brazil (X units) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the pressure-reducing, control, check and safety valves exports, with a CAGR of +10.6% from 2012 to 2022. Brazil (-2.4%) illustrated a downward trend over the same period. Mexico (+16 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -3.4% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest pressure-reducing iron valve supplier in Latin America and the Caribbean, comprising 88% of total exports. The second position in the ranking was taken by Brazil ($X), with a 6.5% share of total exports.

In Mexico, pressure-reducing iron valve exports increased at an average annual rate of +5.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, with a decrease of -3.1% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 60%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Mexico stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-0.4%).

Pressure-Reducing Iron Valve Imports

Imports in Latin America and the Caribbean

In 2022, pressure-reducing iron valve imports in Latin America and the Caribbean totaled X units, with an increase of 4.5% on the previous year. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.9% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 21%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, pressure-reducing iron valve imports totaled $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Mexico (X units) and Brazil (X units) were the largest importers of pressure-reducing, control, check and safety valves in 2022, finishing at approx. 24% and 17% of total imports, respectively. Chile (X units) ranks next in terms of the total imports with an 8.4% share, followed by Peru (8.3%) and Bolivia (8.2%). Colombia (X units), Belize (X units), Guatemala (X units), Argentina (X units), Jamaica (X units), Ecuador (X units), Costa Rica (X units) and the Dominican Republic (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bolivia (with a CAGR of +16.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), with a combined 74% share of total imports. Peru, Argentina, Colombia, Guatemala, Ecuador, Bolivia, the Dominican Republic, Costa Rica, Jamaica and Belize lagged somewhat behind, together comprising a further 20%.

Among the main importing countries, Belize, with a CAGR of +16.0%, 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 import price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by 9.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by 18%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while Belize ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform