Ukraine: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Ukraine

The Ukrainian pressure-reducing iron valve market fell sharply to $X in 2022, which is down by -23.8% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Pressure-reducing iron valve consumption peaked at $X in 2021, and then contracted sharply in the following year.

Pressure-Reducing Iron Valve Production in Ukraine

In value terms, pressure-reducing iron valve production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 128% against the previous year. Pressure-reducing iron valve production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports from Ukraine

In 2022, overseas shipments of pressure-reducing, control, check and safety valves decreased by -61.2% to X units, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 56% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, pressure-reducing iron valve exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2013 with an increase of 78%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Moldova (X units), Poland (X units) and Russia (X units) were the main destinations of pressure-reducing iron valve exports from Ukraine, with a combined 81% share of total exports. Serbia, Georgia, Kazakhstan, Belarus and Turkmenistan lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +88.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pressure-reducing iron valve exported from Ukraine were Poland ($X), Moldova ($X) and Russia ($X), with a combined 62% share of total exports. Serbia, Georgia, Kazakhstan, Belarus and Turkmenistan lagged somewhat behind, together comprising a further 11%.

Serbia, with a CAGR of +68.1%, 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, with an increase of 8.6% against the previous year. In general, the export price, however, showed a perceptible slump. The growth pace was the most rapid in 2018 an increase of 46%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkmenistan ($X per unit), while the average price for exports to Russia ($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 Turkmenistan (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Pressure-Reducing Iron Valve Imports

Imports into Ukraine

In 2022, the amount of pressure-reducing, control, check and safety valves imported into Ukraine shrank sharply to X units, with a decrease of -38.1% on 2021 figures. Overall, imports showed a noticeable descent. The growth pace was the most rapid in 2016 when imports increased by 87% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve imports dropped dramatically to $X in 2022. Over the period under review, imports saw a slight descent. The pace of growth appeared the most rapid in 2016 when imports increased by 108%. Over the period under review, imports hit record highs at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of pressure-reducing iron valve to Ukraine, accounting for a 40% share of total imports. Moreover, pressure-reducing iron valve imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Poland (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.6% per year) and Poland (+12.2% per year).

In value terms, Italy ($X) constituted the largest supplier of pressure-reducing, control, check and safety valves to Ukraine, comprising 55% of total imports. The second position in the ranking was held by Germany ($X), with a 7.6% share of total imports. It was followed by Poland, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.4% per year) and Poland (+5.4% per year).

Import Prices by Country

In 2022, the average pressure-reducing iron valve import price amounted to $X per unit, rising by 20% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 28% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform