Mexico: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Mexico

In 2022, the Mexican pressure-reducing iron valve market decreased by -18.4% to $X, falling for the third consecutive year after three years of growth. Overall, consumption, however, saw moderate growth. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Pressure-Reducing Iron Valve Production in Mexico

In value terms, pressure-reducing iron valve production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -1.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 62%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Mexico

In 2022, shipments abroad of pressure-reducing, control, check and safety valves increased by 18% to X units, rising for the fifth consecutive year after two years of decline. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 151% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, pressure-reducing iron valve exports expanded notably to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.1% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 22%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for pressure-reducing iron valve exports from Mexico, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +11.6%.

In value terms, the United States ($X) also remains the key foreign market for pressure-reducing, control, check and safety valves exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +6.6%.

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2022, reducing by -3% against the previous year. Over the period under review, the export price saw a noticeable downturn. The pace of growth was the most pronounced in 2016 an increase of 63%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -4.4% per year.

Pressure-Reducing Iron Valve Imports

Imports into Mexico

In 2022, pressure-reducing iron valve imports into Mexico skyrocketed to X units, with an increase of 19% against the previous year's figure. In general, imports saw notable growth. The most prominent rate of growth was recorded in 2019 with an increase of 93% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, pressure-reducing iron valve imports surged to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.0% 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 +66.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), Germany (X units) and China (X units) were the main suppliers of pressure-reducing iron valve imports to Mexico, with a combined 79% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +32.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve suppliers to Mexico were Germany ($X), the United States ($X) and China ($X), with a combined 80% share of total imports.

Germany, with a CAGR of +26.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pressure-reducing iron valve import price amounted to $X per unit, jumping by 21% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 an increase of 186% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform