Mexico: Check Valve Market 2024

Check Valve Market Size in Mexico

The Mexican check valve market dropped rapidly to $X in 2021, reducing by -41.4% against the previous year. In general, consumption, however, recorded a resilient expansion. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Check Valve Production in Mexico

In value terms, check valve production declined notably to $X in 2021 estimated in export price. Overall, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,037% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Check Valve Exports

Exports from Mexico

In 2021, overseas shipments of check valves for pipes, boiler shells, tanks and vats increased by 148% to X units, rising for the third year in a row after six years of decline. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, check valve exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for check valve exports from Mexico, with a 90% share of total exports. Moreover, check valve exports to the United States exceeded the volume sent to the second major destination, Canada (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+17.9% per year) and Colombia (-6.2% per year).

In value terms, the United States ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Mexico, comprising 85% of total exports. The second position in the ranking was held by Canada ($X), with a 7.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+13.2% per year) and Colombia (-7.7% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, which is down by -46.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 83% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the average price for exports to Colombia ($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 United States (-0.8%), while the prices for the other major destinations experienced a decline.

Check Valve Imports

Imports into Mexico

In 2021, overseas purchases of check valves for pipes, boiler shells, tanks and vats increased by 8% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 42% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, check valve imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and Italy (X units) were the main suppliers of check valve imports to Mexico, together comprising 82% of total imports. These countries were followed by Hungary, Israel, Germany and Japan, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +40.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of check valves for pipes, boiler shells, tanks and vats to Mexico, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Italy, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.2% per year) and Italy (+19.3% per year).

Import Prices by Country

The average check valve import price stood at $X per unit in 2021, increasing by 3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2014 an increase of 57% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Hungary ($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 United States (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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