Romania: Safety Valve Market 2024

Safety Valve Market Size in Romania

The Romanian safety valve market fell significantly to $X in 2021, with a decrease of -70.4% against the previous year. Overall, consumption, however, showed buoyant growth. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Safety Valve Production in Romania

In value terms, safety valve production dropped rapidly to $X in 2021 estimated in export price. In general, production, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 829% against the previous year. As a result, production reached the peak level of $X, and then shrank remarkably in the following year.

Safety Valve Exports

Exports from Romania

In 2021, approx. X units of safety or relief valves for pipes, boiler shells, tanks and vats were exported from Romania; growing by 119% on 2020 figures. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 352%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, safety valve exports soared to $X in 2021. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2015 when exports increased by 245% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X units), Italy (X units) and Turkey (X units) were the main destinations of safety valve exports from Romania, with a combined 51% share of total exports. Slovakia, the UK, Hungary and France lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +202.1%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and Germany ($X) appeared to be the largest markets for safety valve exported from Romania worldwide, together accounting for 46% of total exports. These countries were followed by Slovakia, the UK, Hungary and France, which together accounted for a further 32%.

Slovakia, with a CAGR of +151.5%, recorded the highest growth rate of the value of exports, among 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 safety valve export price stood at $X per unit in 2021, with a decrease of -36.8% against the previous year. Overall, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while the average price for exports to Germany ($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 Germany (-8.1%), while the prices for the other major destinations experienced a decline.

Safety Valve Imports

Imports into Romania

In 2021, approx. X units of safety or relief valves for pipes, boiler shells, tanks and vats were imported into Romania; increasing by 151% against the previous year. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, safety valve imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of safety valve to Romania, with a 33% share of total imports. Moreover, safety valve imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Germany (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.4% per year) and Germany (+18.2% per year).

In value terms, China ($X), Italy ($X) and Austria ($X) constituted the largest safety valve suppliers to Romania, together comprising 45% of total imports. These countries were followed by Germany, the United States, Slovenia, France, the Czech Republic, Poland, Denmark, Bulgaria, Turkey and Spain, which together accounted for a further 42%.

In terms of the main suppliers, Slovenia, with a CAGR of +104.6%, saw the highest rates of growth with regard to 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

In 2021, the average safety valve import price amounted to $X per unit, shrinking by -38.1% against the previous year. Over the period under review, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 21%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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