Poland: Safety Valve Market 2024

Safety Valve Market Size in Poland

After three years of growth, the Polish safety valve market decreased by -27.7% to $X in 2021. Overall, consumption, however, showed moderate growth. As a result, consumption reached the peak level of $X, and then dropped significantly in the following year.

Safety Valve Production in Poland

In value terms, safety valve production shrank modestly to $X in 2021 estimated in export price. In general, production saw a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 39%. Safety valve production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Safety Valve Exports

Exports from Poland

In 2021, safety valve exports from Poland skyrocketed to X units, rising by 164% on 2020 figures. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, safety valve exports soared to $X in 2021. Overall, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for safety valve exports from Poland, accounting for a 36% share of total exports. Moreover, safety valve exports to Germany exceeded the volume sent to the second major destination, Russia (X units), fourfold. Romania (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +58.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+30.2% per year) and Romania (+47.3% per year).

In value terms, Germany ($X) emerged as the key foreign market for safety or relief valves for pipes, boiler shells, tanks and vats exports from Poland, comprising 28% of total exports. The second position in the ranking was held by Russia ($X), with a 12% share of total exports. It was followed by the United States, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+12.2% per year) and the United States (+56.3% per year).

Export Prices by Country

In 2021, the average safety valve export price amounted to $X per unit, falling by -38.5% against the previous year. In general, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2017 an increase of 20%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Romania ($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 United Arab Emirates (-2.7%), while the prices for the other major destinations experienced a decline.

Safety Valve Imports

Imports into Poland

In 2021, the amount of safety or relief valves for pipes, boiler shells, tanks and vats imported into Poland surged to X units, growing by 97% against the year before. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, safety valve imports surged to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 32% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of safety valve imports to Poland, with a combined 80% share of total imports. The Netherlands, Turkey, Mexico, the Czech Republic and Japan lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +171.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest safety valve suppliers to Poland were Germany ($X), Italy ($X) and China ($X), together comprising 63% of total imports. Mexico, the Netherlands, the Czech Republic, Japan and Turkey lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, Mexico, with a CAGR of +138.6%, 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 average safety valve import price stood at $X per unit in 2021, waning by -38.1% against the previous year. Over the period under review, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 23%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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