Turkey: Check Valve Market 2025

Check Valve Market Size in Turkey

The Turkish check valve market reduced sharply to $X in 2021, declining by -71.8% against the previous year. In general, consumption recorded a abrupt setback. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Check Valve Production in Turkey

In value terms, check valve production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 71%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Check Valve Exports

Exports from Turkey

In 2021, exports of check valves for pipes, boiler shells, tanks and vats from Turkey skyrocketed to X units, picking up by 67% on the year before. In general, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, check valve exports surged to $X in 2021. Over the period under review, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X units), Egypt (X units) and Russia (X units) were the main destinations of check valve exports from Turkey, together comprising 23% of total exports. These countries were followed by Iraq, Italy, Azerbaijan, the Netherlands, Israel, Uzbekistan, Germany, Romania, Bulgaria and France, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +44.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Turkey, comprising 13% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 6.4% share of total exports. It was followed by Russia, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+15.6% per year) and Russia (+20.8% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, surging by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. 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 export markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Egypt ($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 the Netherlands (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Turkey

In 2021, supplies from abroad of check valves for pipes, boiler shells, tanks and vats was finally on the rise to reach X units after four years of decline. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, check valve imports surged to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.7% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 69%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest check valve supplier to Turkey, accounting for a 49% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was taken by Italy (X units), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.6% per year) and Italy (+3.3% per year).

In value terms, the largest check valve suppliers to Turkey were China ($X), Germany ($X) and the United States ($X), with a combined 48% share of total imports. Italy, France, Japan, South Korea, Poland, India, Bulgaria and the United Arab Emirates lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, Bulgaria, with a CAGR of +51.2%, saw 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, approximately mirroring the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2013 when the average import price increased by 13% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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