Sweden: Check Valve Market 2024

Check Valve Market Size in Sweden

The Swedish check valve market skyrocketed to $X in 2021, growing by 202% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Check Valve Production in Sweden

In value terms, check valve production stood at $X in 2021 estimated in export price. Overall, production saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 231%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Check Valve Exports

Exports from Sweden

For the third year in a row, Sweden recorded growth in overseas shipments of check valves for pipes, boiler shells, tanks and vats, which increased by 64% to X units in 2021. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 72%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, check valve exports soared to $X in 2021. Over the period under review, exports saw a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 22%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units), Germany (X units) and Norway (X units) were the main destinations of check valve exports from Sweden, with a combined 46% share of total exports. Denmark, Finland, Canada, Australia, the UK, China, Russia, the Netherlands, Iraq and Poland lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +67.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for check valve exported from Sweden were Germany ($X), the United States ($X) and Norway ($X), together comprising 54% of total exports. The UK, Denmark, Finland, China, Australia, Russia, the Netherlands, Poland, Canada and Iraq lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Iraq, with a CAGR of +38.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average check valve export price stood at $X per unit in 2021, falling by -29.2% against the previous year. Overall, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of 28%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Iraq ($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 China (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Check Valve Imports

Imports into Sweden

In 2021, purchases abroad of check valves for pipes, boiler shells, tanks and vats increased by 95% to X units, rising for the seventh year in a row after two years of decline. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, check valve imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Denmark (X units) and Germany (X units) were the main suppliers of check valve imports to Sweden, together comprising 47% of total imports. These countries were followed by France, Italy, the United States, India, the Netherlands, the Czech Republic, Norway and Poland, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +142.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest check valve suppliers to Sweden were Germany ($X), the United States ($X) and China ($X), with a combined 49% share of total imports. Denmark, France, Italy, the Czech Republic, the Netherlands, India, Norway and Poland lagged somewhat behind, together comprising a further 36%.

In terms of the main suppliers, India, with a CAGR of +96.8%, recorded 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

The average check valve import price stood at $X per unit in 2021, dropping by -35.3% against the previous year. Over the period under review, the import price recorded a abrupt slump. The growth pace was the most rapid in 2014 an increase of 17% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while the price for India ($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 (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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