Russian Federation: Check Valve Market 2024

Check Valve Market Size in the Russian Federation

The Russian check valve market dropped to $X in 2021, declining by -12.8% against the previous year. Over the period under review, consumption posted a perceptible expansion. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Check Valve Production in the Russian Federation

In value terms, check valve production fell rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a notable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 485% against the previous year. Check valve production peaked at $X in 2020, and then shrank markedly in the following year.

Check Valve Exports

Exports from the Russian Federation

For the fifth year in a row, Russia recorded growth in overseas shipments of check valves for pipes, boiler shells, tanks and vats, which increased by 25% to X units in 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 79%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, check valve exports reached $X in 2021. Overall, exports showed a prominent increase. The growth pace was the most rapid in 2015 when exports increased by 73% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Belarus (X units) was the main destination for check valve exports from Russia, accounting for a 53% share of total exports. Moreover, check valve exports to Belarus exceeded the volume sent to the second major destination, Uzbekistan (X units), fourfold. The third position in this ranking was taken by Armenia (X units), with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus amounted to +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+138.7% per year) and Armenia (+24.0% per year).

In value terms, Belarus ($X) emerged as the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Russia, comprising 42% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 19% share of total exports. It was followed by Ukraine, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus totaled +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+138.7% per year) and Ukraine (+12.3% per year).

Export Prices by Country

The average check valve export price stood at $X per unit in 2021, which is down by -14.3% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by 45% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Armenia ($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 Uzbekistan (-0.0%), while the prices for the other major destinations experienced a decline.

Check Valve Imports

Imports into the Russian Federation

In 2021, the amount of check valves for pipes, boiler shells, tanks and vats imported into Russia soared to X units, jumping by 58% compared with 2020. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 129%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, check valve imports reached $X in 2021. Over the period under review, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 59% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of check valve to Russia, with a 38% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, Belarus (X units), sixfold. France (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+35.4% per year) and France (+30.5% per year).

In value terms, the largest check valve suppliers to Russia were China ($X), Germany ($X) and Italy ($X), together accounting for 27% of total imports. These countries were followed by the Netherlands, Belarus, Lithuania, France, the Czech Republic, Poland, Turkey, Spain and Ukraine, which together accounted for a further 22%.

Turkey, with a CAGR of +14.2%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average check valve import price amounted to $X per unit, shrinking by -32.3% against the previous year. Overall, the import price showed a deep slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 9.4% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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