SADC: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in SADC

In 2022, the SADC pressure-reducing iron valve market was finally on the rise to reach $X after two years of decline. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.0% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Pressure-Reducing Iron Valve Production in SADC

In value terms, pressure-reducing iron valve production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a remarkable increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 71%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports in SADC

Pressure-reducing iron valve exports dropped to X units in 2022, with a decrease of -4.3% against the previous year. In general, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2021 when exports increased by 22%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pressure-reducing iron valve exports dropped to $X in 2022. Overall, exports recorded a noticeable descent. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of pressure-reducing, control, check and safety valves, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the pressure-reducing, control, check and safety valves exports, with a CAGR of -2.7% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest pressure-reducing iron valve supplier in SADC.

In South Africa, pressure-reducing iron valve exports shrank by an average annual rate of -4.0% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the export price saw a mild shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 15% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -1.3% per year.

Pressure-Reducing Iron Valve Imports

Imports in SADC

Pressure-reducing iron valve imports rose modestly to X units in 2022, with an increase of 4.7% on the year before. Overall, imports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports rose significantly to $X in 2022. Over the period under review, imports, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2014 with an increase of 36% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X units) was the key importer of pressure-reducing, control, check and safety valves, comprising 38% of total imports. It was distantly followed by Angola (X units), Namibia (X units), Zimbabwe (X units), Mauritius (X units) and Botswana (X units), together creating a 42% share of total imports. Zambia (X units), Tanzania (X units), Swaziland (X units), Democratic Republic of the Congo (X units), Mozambique (X units) and Lesotho (X units) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of pressure-reducing, control, check and safety valves. At the same time, Lesotho (+5.4%), Zimbabwe (+4.3%), Botswana (+4.3%) and Mauritius (+4.2%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of +5.4% from 2012-2022. By contrast, Zambia (-1.1%), Democratic Republic of the Congo (-1.1%), Mozambique (-1.5%), Tanzania (-1.9%), Swaziland (-4.2%), Namibia (-4.6%) and Angola (-10.4%) illustrated a downward trend over the same period. While the share of South Africa (+9.7 p.p.), Zimbabwe (+3.6 p.p.), Mauritius (+2.9 p.p.) and Botswana (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Namibia (-2.5 p.p.) and Angola (-17.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported pressure-reducing, control, check and safety valves in SADC, comprising 47% of total imports. The second position in the ranking was taken by Angola ($X), with a 15% share of total imports. It was followed by Zimbabwe, with a 6.1% share.

In South Africa, pressure-reducing iron valve imports increased at an average annual rate of +1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Angola (-14.4% per year) and Zimbabwe (+2.2% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, increasing by 6.4% against the previous year. Overall, the import price, however, showed a mild downturn. The growth pace was the most rapid in 2014 when the import price increased by 19%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mozambique ($X per unit), while Lesotho ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+15.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform