Sweden: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Sweden

In 2022, the Swedish pressure-reducing iron valve market decreased by -10.9% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, posted resilient growth. Pressure-reducing iron valve consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Production in Sweden

In value terms, pressure-reducing iron valve production shrank to $X in 2022 estimated in export price. In general, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 -7.8% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 102% against the previous year. Pressure-reducing iron valve production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Sweden

In 2022, overseas shipments of pressure-reducing, control, check and safety valves increased by 1.7% to X units, rising for the second year in a row after five years of decline. Overall, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 21% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, pressure-reducing iron valve exports dropped to $X in 2022. Over the period under review, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Norway (X units) and Finland (X units) were the main destinations of pressure-reducing iron valve exports from Sweden, with a combined 38% share of total exports. China, South Korea, the United States, Denmark, Israel, Japan, Germany, the UK, Brazil and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pressure-reducing iron valve exported from Sweden were Norway ($X), China ($X) and France ($X), together accounting for 30% of total exports. Finland, Japan, Germany, the United States, South Korea, Taiwan (Chinese), Denmark, Brazil, the UK and Israel lagged somewhat behind, together accounting for a further 42%.

Taiwan (Chinese), with a CAGR of +7.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pressure-reducing iron valve export price amounted to $X per unit, shrinking by -10.3% against the previous year. Over the period under review, the export price recorded a noticeable descent. The pace of growth was the most pronounced in 2019 when the average export price increased by 9.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Israel ($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 UK (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into Sweden

In 2022, purchases abroad of pressure-reducing, control, check and safety valves decreased by -16.2% to X units, falling for the fourth year in a row after two years of growth. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 17% against the previous year. Over the period under review, imports attained 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 contracted sharply to $X in 2022. In general, imports saw a pronounced descent. The growth pace was the most rapid in 2017 when imports increased by 19% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), Italy (X units) and Denmark (X units) were the main suppliers of pressure-reducing iron valve imports to Sweden, with a combined 56% share of total imports. Poland, China, Norway, France, the UK, Belgium, Romania, the United States, Finland and the Netherlands lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +23.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pressure-reducing, control, check and safety valves to Sweden, comprising 43% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by the United States, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.8% per year) and the United States (+2.3% per year).

Import Prices by Country

In 2022, the average pressure-reducing iron valve import price amounted to $X per unit, declining by -4% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pressure-reducing iron valve import price increased by +47.8% against 2017 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 UK (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform