Northern America: Check Valve Market 2024

Check Valve Market Size in Northern America

For the fourth consecutive year, the North American check valve market recorded growth in sales value, which increased by 21% to $X in 2021. In general, consumption posted a resilient increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Check Valve Production in Northern America

In value terms, check valve production soared to $X in 2021 estimated in export price. In general, production enjoyed a significant increase. The growth pace was the most rapid in 2016 with an increase of 780%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Check Valve Exports

Exports in Northern America

In 2021, after three years of decline, there was significant growth in overseas shipments of check valves for pipes, boiler shells, tanks and vats, when their volume increased by 34% to X units. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 38% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, check valve exports totaled $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 17% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, reaching X units, which was approx. 96% of total exports in 2021. Canada (X units) held a relatively small share of total exports.

The United States was also the fastest-growing in terms of the check valves for pipes, boiler shells, tanks and vats exports, with a CAGR of +4.6% from 2012 to 2021. Canada (-6.1%) illustrated a downward trend over the same period. While the share of the United States (+6.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-6.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest check valve supplier in Northern America, comprising 89% of total exports. The second position in the ranking was taken by Canada ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +2.9%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, which is down by -16.6% against the previous year. In general, the export price saw a mild reduction. The pace of growth was the most pronounced in 2019 when the export price increased by 26%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.9%).

Check Valve Imports

Imports in Northern America

In 2021, approx. X units of check valves for pipes, boiler shells, tanks and vats were imported in Northern America; jumping by 79% against the previous year's figure. Over the period under review, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, check valve imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United States dominates imports structure, resulting at X units, which was approx. 97% of total imports in 2021. Canada (X units) held a relatively small share of total imports.

The United States was also the fastest-growing in terms of the check valves for pipes, boiler shells, tanks and vats imports, with a CAGR of +14.4% from 2012 to 2021. Canada (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +9 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported check valves for pipes, boiler shells, tanks and vats in Northern America, comprising 77% of total imports. The second position in the ranking was taken by Canada ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +2.8%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, with a decrease of -31.8% against the previous year. Overall, the import price showed a abrupt contraction. The growth pace was the most rapid in 2015 when the import price increased by 11% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.4%).

Source: IndexBox Platform

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