Luxembourg: Check Valve Market 2024

Check Valve Market Size in Luxembourg

In 2021, the Luxembourg check valve market increased by 43% to $X, rising for the third year in a row after two years of decline. Overall, consumption continues to indicate a significant increase. Check valve consumption peaked in 2021 and is expected to retain growth in the near future.

Check Valve Exports

Exports from Luxembourg

For the third year in a row, Luxembourg recorded growth in shipments abroad of check valves for pipes, boiler shells, tanks and vats, which increased by 7.9% to X units in 2021. In general, exports showed a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 894%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, check valve exports reduced to $X in 2021. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 493% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for check valve exports from Luxembourg, accounting for a 42% share of total exports. Moreover, check valve exports to Germany exceeded the volume sent to the second major destination, France (X units), fourfold. The third position in this ranking was held by the Netherlands (X units), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+29.8% per year) and the Netherlands (+40.6% per year).

In value terms, the largest markets for check valve exported from Luxembourg were Germany ($X), France ($X) and Thailand ($X), together accounting for 38% of total exports. These countries were followed by Singapore, Austria, Spain, the UK, Finland, Malaysia, the Netherlands, Turkey, Croatia and Romania, which together accounted for a further 17%.

Romania, with a CAGR of +121.7%, recorded the highest rates of growth with regard to 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

The average check valve export price stood at $X per unit in 2021, which is down by -13.3% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 1,087%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to Romania ($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 the UK (+6.3%), while the prices for the other major destinations experienced a decline.

Check Valve Imports

Imports into Luxembourg

In 2021, purchases abroad of check valves for pipes, boiler shells, tanks and vats increased by 23% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 209% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, check valve imports soared to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 71%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Belgium (X units) were the main suppliers of check valve imports to Luxembourg, with a combined 82% share of total imports. France, Croatia and Italy lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +11,571.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of check valves for pipes, boiler shells, tanks and vats to Luxembourg, comprising 46% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.7% per year) and Belgium (+6.7% per year).

Import Prices by Country

In 2021, the average check valve import price amounted to $X per unit, rising by 13% against the previous year. Over the period under review, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 124%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+338.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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