For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Valve is a control component in the pipeline fluid transportation system, which is used to change the cross section of the pathway and the direction of media flow, and is widely used in the petroleum industry, chemical industry, metallurgical industry, energy, water treatment and other economic fields. China is one of the world's major valve producers, occupying an important position in the global valve industry chain, China is also one of the world's major valve exporters.
In 2021, China exported 5.819 billion sets of valves (including pressure reducing valves, oleohydraulic transmission valves, pneumatic transmission valves, check valves, safety valves or relief valves, electromagnetic directional valves, other directional control valves, electronic expansion valves, other flow valves, other valves, and taps, corks and similar appliances), an increase of 16.26% year-on-year, and exports of US$15.988 billion, an increase of 28.19% year-on-year. According to CRI analysis, from January to October 2022, China exported 4.519 billion sets of valves, down 6.49% year-on-year, with an export value of US$14.255 billion, up 10.38% year-on-year.
CRI analysis, from 2018 to October 2022, the average price of China's valve exports in general showed a trend of change first decreasing and then increasing. In 2018-2020, the average price of China's valve exports fell continuously, and the average price of China's valve exports in 2020 was US$2.49 per set. From 2020 to October 2022, the average price of China's valve exports rose continuously, and in 2022 the average price of China's valve exports exceeded US$ 3 per set, reaching US$ 3.15 per set, an increase of 18.04% year-on-year.
CRI analysis, by export volume, in 2021, China's top three exported valve types are check valves, other valves and taps, cocks and similar appliances, and the export volume of the three accounted for 93.93% of the total export volume of valves in that year. CRI analysis, check valves are the largest valve type exported by China. In 2021, China exported 2.471 billion sets of check valves, accounting for 42.47% of the total export volume. In 2021, China exported 2.471 billion sets of check valves, accounting for 42.47% of the total exports, with an export value of US$ 562 million, accounting for 3.52% of the total exports.
By export value, then the top three valve types exported by China in 2021 are other valves, taps, cocks and similar appliances and check valves. CRI analysis shows that other valves are the largest valve type exported by China. In 2021, China exported US$6.952 billion of other valves, accounting for 43.48% of the total export value and exported 2.057 billion sets, accounting for 35.35% of the total export volume.
From 2021-2022, China's valve exports to more than two hundred countries and regions in the world. With the transformation of China's valve industry from low-end valve manufacturing to mid- to high-end valve manufacturing, CRI expects that China's valve exports are expected to continue to grow from 2023-2032.
Topics covered:
- China's Valve Export Status and Major Sources in 2018-2022
- What is the Impact of COVID-19 on China's Valve Export?
- Which Companies are the Major Players in China's Valve Export Market and What are their Competitive Benchmarks?
- Key Drivers and Market Opportunities in China's Valve Export
- What are the Key Drivers, Challenges, and Opportunities for China's Valve Export during 2023-2032?
- What is the Expected Revenue of China's Valve Export during 2023-2032?
- What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
- What are the Competitive Advantages of the Major Players in China's Valve Export Market?
- Which Segment of China's Valve Export is Expected to Dominate the Market in 2032?
- What are the Major Adverse Factors Facing China's Valve Export?