Switzerland: Safety Valve Market 2024

Safety Valve Market Size in Switzerland

The Swiss safety valve market contracted notably to $X in 2021, with a decrease of -28.9% against the previous year. In general, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +14.7% against 2019 indices. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Safety Valve Production in Switzerland

In value terms, safety valve production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +20.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, production reached the peak level of $X, and then reduced in the following year.

Safety Valve Exports

Exports from Switzerland

In 2021, overseas shipments of safety or relief valves for pipes, boiler shells, tanks and vats increased by 17% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, safety valve exports soared to $X in 2021. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 36% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units), China (X units) and Germany (X units) were the main destinations of safety valve exports from Switzerland, together accounting for 45% of total exports. Japan, Singapore, South Korea, Austria, Italy, Taiwan (Chinese), France, the UK, the Netherlands and Malaysia lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +67.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety valve exported from Switzerland were the United States ($X), China ($X) and Japan ($X), with a combined 51% share of total exports. Singapore, Germany, South Korea, Taiwan (Chinese), the UK, the Netherlands, Malaysia, France, Italy and Austria lagged somewhat behind, together comprising a further 42%.

Malaysia, with a CAGR of +66.5%, 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 2021, the average safety valve export price amounted to $X per unit, rising by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to Austria ($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 (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Valve Imports

Imports into Switzerland

In 2021, overseas purchases of safety or relief valves for pipes, boiler shells, tanks and vats increased by 94% to X units, rising for the second year in a row after four years of decline. Overall, imports, however, showed a pronounced shrinkage. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, safety valve imports soared to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of safety valve to Switzerland, with a 53% share of total imports. Moreover, safety valve imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The United States (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.2% per year) and the United States (+9.2% per year).

In value terms, Germany ($X) constituted the largest supplier of safety or relief valves for pipes, boiler shells, tanks and vats to Switzerland, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Italy, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.1% per year) and Italy (-0.6% per year).

Import Prices by Country

The average safety valve import price stood at $X per unit in 2021, falling by -38.9% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 74% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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