Global Plug Valve Market 2020

Plug Valve Market Size

The global plug valve market revenue amounted to $X in 2017, falling by -X% against the previous year. Overall, plug valve consumption continues to indicate a slight decline. The growth pace was the most rapid in 2015, when market value increased by X% against the previous year. In that year, the global plug valve market attained their peak level of $X. From 2016 to 2017, growth of the global plug valve market stood at a somewhat lower level.

Plug Valve Production

In 2017, approx. X units of ball and plug valves were produced worldwide; standing approx. at the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2012, with an increase of X% year-to-year. Over the period under review, the global plug valve production reached its maximum volume in 2017, and is expected to retain its growth in the near future.

Plug Valve Exports

In 2017, the amount of ball and plug valves exported worldwide totaled X units, jumping by X% against the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014, with an increase of X% against the previous year. Global exports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, plug valve exports amounted to $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the global plug valve exports reached its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Plug Valve Exports by Country

In 2017, China (X units), distantly followed by Italy (X units), Germany (X units), the U.S. (X units) and India (X units) were the main exporters of ball and plug valves, together mixed up X% of total exports. Mexico (X units), the Czech Republic (X units), France (X units), Spain (X units), South Korea (X units), Japan (X units) and the UK (X units) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest plug valve markets worldwide were China ($X), Germany ($X) and the U.S. ($X), with a combined X% share of global exports. Italy, Japan, France, Mexico, the UK, the Czech Republic, South Korea, Spain and India lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries , India (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other global leaders experienced more modest paces of growth.

Plug Valve Export Prices by Country

In 2017, the average plug valve export price amounted to $X per unit, falling by -X% against the previous year. In general, plug valve export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when it surged by X% year-to-year. Over the period under review, the average export prices for ball and plug valves reached its maximum level of $X per unit in 2013; however, from 2014 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Japan ($X per unit), while India ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Korea (+X% per year), while the other global leaders experienced more modest paces of growth.

Plug Valve Imports

Global imports amounted to X units in 2017, going up by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. Over the period under review, the global plug valve imports attained its maximum volume of X units in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, plug valve imports amounted to $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Global imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Plug Valve Imports by Country

In 2017, the U.S. (X units), distantly followed by China (X units) and Russia (X units) were the largest importers of ball and plug valves, together achieving X% of total imports. Germany (X units), Canada (X units), the United Arab Emirates (X units), France (X units), Saudi Arabia (X units), Mexico (X units), the UK (X units), the Netherlands (X units) and Indonesia (X units) took the mild share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2017. At the same time, Indonesia (+X%), Russia (+X%), China (+X%), Mexico (+X%), Saudi Arabia (+X%), the United Arab Emirates (+X%), Canada (+X%), the Netherlands (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. France experienced a relatively flat trend pattern. By contrast, the UK (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China, Russia and the U.S. decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported ball and plug valves worldwide, making up X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., plug valve imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and Germany (+X% per year).

Plug Valve Import Prices by Country

In 2017, the average plug valve import price amounted to $X per unit, coming down by -X% against the previous year. Overall, plug valve import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013, when it surged by X% against the previous year. Over the period under review, the average import prices for ball and plug valves reached its maximum level of $X per unit in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per unit), while Indonesia ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform