Southern Asia: Market for Process Control, Gate, Globe and Other Valves 2025

Market Size for Process Control, Gate, Globe and Other Valves in Southern Asia

For the eleventh year in a row, the South Asian market for process control, gate, globe and other valves recorded growth in sales value, which increased by 0.6% to $X in 2022. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +65.1% against 2012 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Production of Process Control, Gate, Globe and Other Valves in Southern Asia

In value terms, production of process control, gate, globe and other valves rose modestly to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.6% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 13%. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Process Control, Gate, Globe and Other Valves

Exports in Southern Asia

In 2022, overseas shipments of process control, gate, globe and other valves increased by 16% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Over the period under review, the exports of reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of process control, gate, globe and other valves totaled $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 14%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together recording 99% of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of process control, gate, globe and other valves. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest process control, gate, globe and other valves supplier in Southern Asia.

In India, exports of process control, gate, globe and other valves increased at an average annual rate of +3.0% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, declining by -6.3% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for process control, gate, globe and other valves decreased by -24.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.6% per year.

Imports of Process Control, Gate, Globe and Other Valves

Imports in Southern Asia

In 2022, approx. X tons of process control, gate, globe and other valves were imported in Southern Asia; rising by 11% compared with the year before. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 48%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, imports of process control, gate, globe and other valves expanded slightly to $X in 2022. Overall, imports continue to indicate moderate growth. The growth pace was the most rapid in 2016 when imports increased by 101%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, India (X tons) was the main importer of process control, gate, globe and other valves, making up 74% of total imports. It was distantly followed by Bangladesh (X tons), achieving a 14% share of total imports. Sri Lanka (X tons), Nepal (X tons) and Pakistan (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +5.5% from 2012 to 2022. At the same time, Nepal (+26.8%), Bangladesh (+15.2%) and Sri Lanka (+2.0%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +26.8% from 2012-2022. Pakistan experienced a relatively flat trend pattern. Bangladesh (+7.9 p.p.) and Nepal (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka, Pakistan and India saw its share reduced by -2.1%, -2.8% and -5.1% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported process control, gate, globe and other valves in Southern Asia, comprising 81% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 9.5% share of total imports. It was followed by Pakistan, with a 4.6% share.

In India, imports of process control, gate, globe and other valves increased at an average annual rate of +4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+17.5% per year) and Pakistan (+1.5% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, waning by -7.2% against the previous year. Over the period under review, the import price showed a mild shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 72% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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