Slovakia: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Slovakia

In 2022, the Slovak pressure-reducing iron valve market decreased by -8.5% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption saw a deep reduction. Pressure-reducing iron valve consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Slovakia

Pressure-reducing iron valve exports from Slovakia soared to X units in 2022, increasing by 157% compared with 2021. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 325% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, pressure-reducing iron valve exports soared to $X in 2022. Over the period under review, exports showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units) was the main destination for pressure-reducing iron valve exports from Slovakia, with a 61% share of total exports. Moreover, pressure-reducing iron valve exports to Poland exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to +95.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+85.5% per year) and Germany (+36.7% per year).

In value terms, Poland ($X) remains the key foreign market for pressure-reducing, control, check and safety valves exports from Slovakia, comprising 69% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Germany, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to Poland stood at +85.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+82.4% per year) and Germany (+21.9% per year).

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2022, growing by 8.7% against the previous year. Overall, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2021 an increase of 133%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.2%), while the prices for the other major destinations experienced a decline.

Pressure-Reducing Iron Valve Imports

Imports into Slovakia

For the third year in a row, Slovakia recorded decline in supplies from abroad of pressure-reducing, control, check and safety valves, which decreased by -18.2% to X units in 2022. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 28% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, pressure-reducing iron valve imports soared to $X in 2022. Overall, imports saw a pronounced slump. The pace of growth was the most pronounced in 2018 when imports increased by 19%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), South Korea (X units) and the Czech Republic (X units) were the main suppliers of pressure-reducing iron valve imports to Slovakia, with a combined 65% share of total imports. Italy, China, Romania, Turkey, Japan, Hungary, Denmark and Poland lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +87.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pressure-reducing, control, check and safety valves to Slovakia, comprising 39% of total imports. The second position in the ranking was held by South Korea ($X), with an 18% share of total imports. It was followed by the Czech Republic, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-8.3% per year) and the Czech Republic (-0.8% per year).

Import Prices by Country

The average pressure-reducing iron valve import price stood at $X per unit in 2022, picking up by 45% against the previous year. In general, the import price saw a perceptible expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform