U.S.: Check Valve Market 2024

Check Valve Market Size in the U.S.

The U.S. check valve market surged to $X in 2021, picking up by 84% against the previous year. Overall, consumption recorded a prominent expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Check Valve Production in the U.S.

In value terms, check valve production totaled $X in 2021. In general, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 549% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Check Valve Exports

Exports from the U.S.

In 2021, after three years of decline, there was significant growth in shipments abroad of check valves for pipes, boiler shells, tanks and vats, when their volume increased by 37% to X units. In general, total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 48% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, check valve exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 17% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X units) was the main destination for check valve exports from the United States, with a 25% share of total exports. Moreover, check valve exports to Mexico exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico totaled -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+15.5% per year) and Germany (+27.4% per year).

In value terms, the largest markets for check valve exported from the United States were Mexico ($X), Canada ($X) and Germany ($X), with a combined 45% share of total exports. China, the UK, France, Hong Kong SAR, Japan, South Korea, Australia, Italy, the Netherlands and India lagged somewhat behind, together comprising a further 29%.

Hong Kong SAR, with a CAGR of +18.1%, recorded the highest rates of growth with regard to 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 check valve export price amounted to $X per unit, reducing by -18.6% against the previous year. Overall, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 30%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to Italy ($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 Mexico (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into the U.S.

Check valve imports into the United States surged to X units in 2021, increasing by 82% compared with the year before. Overall, imports enjoyed buoyant growth. As a result, imports reached 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 +2.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest check valve supplier to the United States, with a 49% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fivefold. Canada (X units) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+13.7% per year) and Canada (+18.2% per year).

In value terms, China ($X) constituted the largest supplier of check valves for pipes, boiler shells, tanks and vats to the United States, comprising 29% of total imports. The second position in the ranking was held by Mexico ($X), with a 14% share of total imports. It was followed by Canada, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+2.3% per year) and Canada (+2.8% per year).

Import Prices by Country

In 2021, the average check valve import price amounted to $X per unit, dropping by -32% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 12%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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