World - Check Valves For Pipes, Boiler Shells, Tanks And Vats - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the projected growth of the global market for check valves used in various industries. An upward consumption trend is expected, with a forecasted increase in market volume and value by 2030. Key findings include the countries with the highest consumption, production, import, and export rates. The analysis provides valuable insights for stakeholders looking to capitalize on growth opportunities in the check valve industry.
Market Forecast
Driven by increasing demand for check valves for pipes, boiler shells, tanks and vats worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market volume to 301K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market value to $6.5B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Check Valves For Pipes, Boiler Shells, Tanks And Vats
In 2022, consumption of check valves for pipes, boiler shells, tanks and vats increased by 2.6% to 246K tons, rising for the fifth year in a row after two years of decline. The total consumption volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, global consumption hit record highs in 2022 and is likely to see gradual growth in the immediate term.
The global check valve market size expanded modestly to $4.5B in 2022, increasing by 3.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the maximum level in 2022 and is expected to retain growth in the near future.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (41K tons), the United States (37K tons) and India (19K tons), with a combined 39% share of global consumption. Italy, Japan, Indonesia, Mexico, South Korea, the Netherlands, Malaysia, Germany, France and Russia lagged somewhat behind, together accounting for a further 29%.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +18.4%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest check valve markets worldwide were China ($533M), the United States ($514M) and Japan ($495M), with a combined 34% share of the global market. India, Italy, Germany, Mexico, the Netherlands, Indonesia, France, South Korea, Russia and Malaysia lagged somewhat behind, together comprising a further 29%.
In terms of the main consuming countries, the Netherlands, with a CAGR of +20.3%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of check valve per capita consumption in 2022 were the Netherlands (326 kg per 1000 persons), Italy (257 kg per 1000 persons) and Malaysia (149 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the Netherlands (with a CAGR of +17.9%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Check Valves For Pipes, Boiler Shells, Tanks And Vats
In 2022, after two years of decline, there was growth in production of check valves for pipes, boiler shells, tanks and vats, when its volume increased by 2.8% to 216K tons. The total output volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by 31%. Over the period under review, global production reached the maximum volume at 217K tons in 2019; however, from 2020 to 2022, production failed to regain momentum.
In value terms, check valve production declined slightly to $3.9B in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 22%. Global production peaked at $4.8B in 2019; however, from 2020 to 2022, production remained at a lower figure.
Production By Country
The country with the largest volume of check valve production was China (100K tons), comprising approx. 46% of total volume. Moreover, check valve production in China exceeded the figures recorded by the second-largest producer, India (22K tons), fivefold. The third position in this ranking was held by Italy (18K tons), with an 8.6% share.
In China, check valve production expanded at an average annual rate of +3.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+6.0% per year) and Italy (+1.9% per year).
Imports
World Imports of Check Valves For Pipes, Boiler Shells, Tanks And Vats
In 2022, overseas purchases of check valves for pipes, boiler shells, tanks and vats increased by 5.3% to 164K tons, rising for the second consecutive year after three years of decline. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. Global imports peaked at 167K tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
In value terms, check valve imports expanded remarkably to $3.7B in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Imports By Country
The United States represented the largest importing country with an import of about 35K tons, which resulted at 22% of total imports. China (9.2K tons) took a 5.6% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (5.1%). The following importers - Malaysia (5.2K tons), Russia (5.1K tons), South Korea (5K tons), Germany (4.6K tons), France (4.4K tons), the UK (4.2K tons), the United Arab Emirates (4K tons), Italy (3.7K tons), Japan (3.6K tons) and Spain (3.3K tons) - together made up 26% of total imports.
From 2012 to 2022, average annual rates of growth with regard to check valve imports into the United States stood at -1.4%. At the same time, Malaysia (+6.9%), Italy (+6.5%), South Korea (+6.0%), Spain (+5.7%), Russia (+3.5%), the United Arab Emirates (+2.9%), Japan (+2.1%) and China (+1.4%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +6.9% from 2012-2022. Mexico, France, Germany and the UK experienced a relatively flat trend pattern. Malaysia (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while the United States saw its share reduced by -4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($530M), China ($471M) and Mexico ($199M) appeared to be the countries with the highest levels of imports in 2022, with a combined 33% share of global imports. Germany, the UK, Japan, France, Russia, the United Arab Emirates, South Korea, Italy, Malaysia and Spain lagged somewhat behind, together comprising a further 23%.
Spain, with a CAGR of +5.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average check valve import price stood at $22,219 per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2019 an increase of 15%. As a result, import price reached the peak level of $23,755 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($51,076 per ton), while Malaysia ($8,649 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Check Valves For Pipes, Boiler Shells, Tanks And Vats
In 2022, shipments abroad of check valves for pipes, boiler shells, tanks and vats increased by 6.2% to 134K tons, rising for the second year in a row after two years of decline. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 33%. Over the period under review, the global exports attained the peak figure at 152K tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.
In value terms, check valve exports expanded modestly to $3.2B in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.
Exports By Country
China dominates exports structure, finishing at 68K tons, which was approx. 51% of total exports in 2022. Italy (7K tons) ranks second in terms of the total exports with a 5.2% share, followed by Germany (4.8%). Mexico (5.1K tons), the United States (3.6K tons), India (3.4K tons), Indonesia (3.4K tons), South Korea (3.3K tons), Japan (3.2K tons), Taiwan (Chinese) (3.2K tons), France (2.6K tons), Spain (2.3K tons) and Turkey (2.3K tons) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to check valve exports from China stood at +4.2%. At the same time, India (+23.9%), Turkey (+6.9%), Indonesia (+4.0%), Taiwan (Chinese) (+3.3%), Italy (+1.8%) and Mexico (+1.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.9% from 2012-2022. Spain and Germany experienced a relatively flat trend pattern. By contrast, Japan (-2.3%), France (-3.4%), South Korea (-4.7%) and the United States (-13.4%) illustrated a downward trend over the same period. While the share of China (+14 p.p.) and India (+2.2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of South Korea (-1.8 p.p.) and the United States (-9.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest check valve supplying countries worldwide were China ($630M), the United States ($538M) and Germany ($413M), with a combined 50% share of global exports. Japan, Italy, France, Mexico, South Korea, Taiwan (Chinese), Indonesia, Spain, India and Turkey lagged somewhat behind, together comprising a further 25%.
In terms of the main exporting countries, India, with a CAGR of +21.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average check valve export price stood at $23,752 per ton in 2022, waning by -2.7% against the previous year. Overall, export price indicated a modest expansion 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, check valve export price increased by +19.8% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 76%. As a result, the export price reached the peak level of $32,341 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($151,205 per ton), while China ($9,243 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.2%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global check valve market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28141160 - Check valves for pipes, boiler shells, tanks, vats and the like
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global check valve market.
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