United Arab Emirates: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in the United Arab Emirates

In 2022, the pressure-reducing iron valve market in the United Arab Emirates was finally on the rise to reach $X after two years of decline. Overall, consumption enjoyed a resilient expansion. Pressure-reducing iron valve consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports from the United Arab Emirates

Pressure-reducing iron valve exports from the United Arab Emirates dropped markedly to X units in 2022, waning by -28.1% compared with the previous year's figure. Over the period under review, exports recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 when exports increased by 84%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, pressure-reducing iron valve exports reduced to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 24% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Rwanda (X units), Egypt (X units) and the UK (X units) were the main destinations of pressure-reducing iron valve exports from the United Arab Emirates, with a combined 53% share of total exports. India, Zimbabwe, Tanzania and Singapore lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +123.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) emerged as the key foreign market for pressure-reducing, control, check and safety valves exports from the United Arab Emirates, comprising 32% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by India, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+28.2% per year) and India (+12.2% per year).

Export Prices by Country

In 2022, the average pressure-reducing iron valve export price amounted to $X per unit, picking up by 29% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pressure-reducing iron valve export price decreased by -30.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 50%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Rwanda ($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 Qatar (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Pressure-Reducing Iron Valve Imports

Imports into the United Arab Emirates

In 2022, after three years of growth, there was decline in purchases abroad of pressure-reducing, control, check and safety valves, when their volume decreased by -1.8% to X units. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.8% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 70%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, pressure-reducing iron valve imports reached $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 72%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest pressure-reducing iron valve supplier to the United Arab Emirates, with a 24% share of total imports. Moreover, pressure-reducing iron valve imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), threefold. The third position in this ranking was taken by India (X units), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+11.1% per year) and India (+0.3% per year).

In value terms, India ($X), China ($X) and the United States ($X) were the largest pressure-reducing iron valve suppliers to the United Arab Emirates, with a combined 26% share of total imports.

China, with a CAGR of +27.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pressure-reducing iron valve import price stood at $X per unit in 2022, increasing by 2.5% against the previous year. In general, the import price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 an increase of 5%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform