Asia: Check Valve Market 2024

Check Valve Market Size in Asia

The Asian check valve market rose rapidly to $X in 2023, picking up by X% against the previous year. The total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Check Valve Production in Asia

In value terms, check valve production totaled $X in 2023 estimated in export price. The total production indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Check Valve Exports

Exports in Asia

In 2023, after two years of growth, there was significant decline in shipments abroad of check valves for pipes, boiler shells, tanks and vats, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2022, and then declined in the following year.

In value terms, check valve exports dropped modestly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then dropped in the following year.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. Indonesia (X tons), Taiwan (Chinese) (X tons), India (X tons), South Korea (X tons), Japan (X tons) and Turkey (X tons) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to check valve exports from China stood at X%. At the same time, India (X%), Turkey (X%), Indonesia (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and South Korea saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest check valve supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, check valve exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, stabilizing at the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Check Valve Imports

Imports in Asia

In 2023, purchases abroad of check valves for pipes, boiler shells, tanks and vats decreased by X% to X tons, falling for the fifth year in a row after three years of growth. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, check valve imports reached $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; 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 2018 with an increase of X%. The level of import peaked at $X in 2021; afterwards, it flattened through to 2023.

Imports by Country

China (X tons) and South Korea (X tons) represented the key importers of check valves for pipes, boiler shells, tanks and vats in 2023, recording approx. X% and X% of total imports, respectively. Malaysia (X tons) held the next position in the ranking, followed by Japan (X tons), the United Arab Emirates (X tons), Indonesia (X tons), Thailand (X tons) and Vietnam (X tons). All these countries together took approx. X% share of total imports. Taiwan (Chinese) (X tons), Turkey (X tons), Singapore (X tons), Saudi Arabia (X tons) and India (X tons) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported check valves for pipes, boiler shells, tanks and vats in Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

In China, check valve imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Japan (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2023 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform