United Arab Emirates: Check Valve Market 2024

Check Valve Market Size in the United Arab Emirates

In 2021, the check valve market in the United Arab Emirates increased by 14% to $X, rising for the third consecutive year after two years of decline. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +65.1% against 2018 indices. Check valve consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Check Valve Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of check valves for pipes, boiler shells, tanks and vats were finally on the rise to reach X units after two years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 153% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, check valve exports fell modestly to $X in 2021. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 129%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Oman (X units) was the main destination for check valve exports from the United Arab Emirates, with a 56% share of total exports. Moreover, check valve exports to Oman exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. The third position in this ranking was taken by Zimbabwe (X units), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+47.7% per year) and Zimbabwe (+11.6% per year).

In value terms, Oman ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from the United Arab Emirates, comprising 61% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 20% share of total exports. It was followed by India, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman totaled +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+45.8% per year) and India (+24.6% per year).

Export Prices by Country

In 2021, the average check valve export price amounted to $X per unit, waning by -7.9% against the previous year. In general, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2019 an increase of 71%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then reduced in the following year.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while the average price for exports to Rwanda ($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 India (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into the United Arab Emirates

In 2021, check valve imports into the United Arab Emirates rose remarkably to X units, surging by 7.3% against 2020. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 36% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, check valve imports soared to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2016; however, from 2017 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 Arab Emirates, accounting for a 44% share of total imports. Moreover, check valve imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The UK (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+41.8% per year) and the UK (-8.9% per year).

In value terms, the largest check valve suppliers to the United Arab Emirates were China ($X), the United States ($X) and the UK ($X), together comprising 40% of total imports. Italy, Germany, Turkey, South Korea, India and Spain lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Turkey, with a CAGR of +36.4%, recorded the highest growth rate of 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

In 2021, the average check valve import price amounted to $X per unit, growing by 12% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 49% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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