Hong Kong SAR, China - Safety Or Relief Valves For Pipes, Boiler Shells, Tanks And Vats - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSafety Valve Price in Hong Kong SAR - 2023
Contents:
- Safety Valve Price in Hong Kong SAR (CIF) - 2022
- Safety Valve Price in Hong Kong SAR (FOB) - 2022
- Safety Valve Imports in Hong Kong SAR
- Safety Valve Exports in Hong Kong SAR
Safety Valve Price in Hong Kong SAR (CIF) - 2022
The average safety valve import price stood at $65,346 per ton in 2022, rising by 28% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($61,230 per ton) and the UK ($61,227 per ton), while the price for Germany ($61,224 per ton) and China ($61,224 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Safety Valve Price in Hong Kong SAR (FOB) - 2022
The average safety valve export price stood at $68,240 per ton in 2022, rising by 5.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2020 when the average export price increased by 16%. As a result, the export price reached the peak level of $68,734 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($68,240 per ton) and the United States ($68,240 per ton), while the average price for exports to Singapore ($68,240 per ton) and China ($68,240 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Safety Valve Imports in Hong Kong SAR
In 2022, imports of safety or relief valves for pipes, boiler shells, tanks and vats into Hong Kong SAR declined notably to 441 tons, waning by -33.6% on the previous year's figure. Overall, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of 665 tons, and then dropped dramatically in the following year.
In value terms, safety valve imports dropped notably to $29M in 2022. Over the period under review, imports continue to indicate a slight setback. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $34M, and then reduced notably in the following year.
| Import of Safety Valve in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.4 | 7.8 | 8.8 | 12.0 | 23.3% |
| United States | 5.8 | 9.4 | 16.0 | 9.5 | 17.9% |
| China | 9.9 | 4.5 | 3.5 | 4.2 | -24.9% |
| Singapore | 2.1 | 0.9 | 2.8 | 0.8 | -27.5% |
| United Kingdom | 0.8 | 0.7 | 0.6 | 0.6 | -9.1% |
| Italy | 2.9 | 0.5 | 0.5 | 0.5 | -44.3% |
| Others | 2.2 | 1.7 | 1.6 | 1.2 | -18.3% |
| Total | 29.9 | 25.5 | 33.9 | 28.8 | -1.2% |
Top Suppliers of Safety Valve to Hong Kong SAR in 2022:
- Germany (196.3 tons)
- United States (155.8 tons)
- China (68.4 tons)
- Singapore (12.8 tons)
- United Kingdom (9.7 tons)
- Italy (7.9 tons)
Safety Valve Exports in Hong Kong SAR
In 2022, safety valve exports from Hong Kong SAR fell remarkably to 368 tons, declining by -23.1% on the year before. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 5.7%.
In value terms, safety valve exports fell sharply to $25M in 2022. Over the period under review, exports recorded a abrupt contraction. The smallest decline of less than 0.1% was in 2020.
| Export of Safety Valve in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.6 | 26.7 | 21.3 | 10.3 | -11.0% |
| Taiwan (Chinese) | 5.2 | 0.5 | 1.2 | 6.3 | 6.6% |
| Germany | 2.4 | 1.0 | 2.9 | 2.0 | -5.9% |
| Philippines | 0.8 | 0.4 | 0.7 | 1.6 | 26.0% |
| United States | 1.0 | 0.6 | 0.7 | 1.6 | 17.0% |
| Iran | 4.2 | N/A | 2.0 | 1.0 | -38.0% |
| Singapore | 1.7 | 0.7 | 1.0 | 1.0 | -16.2% |
| Others | 1.1 | 1.2 | 1.1 | 1.3 | 5.7% |
| Total | 31.1 | 31.1 | 30.8 | 25.1 | -6.9% |
Top Export Markets for Safety Valve from Hong Kong SAR in 2022:
- China (151.3 tons)
- Taiwan (Chinese) (92.3 tons)
- Germany (29.0 tons)
- United States (23.8 tons)
- Philippines (23.3 tons)
- Singapore (15.0 tons)
- Iran (14.7 tons)
This report provides an in-depth analysis of the safety valve market in Hong Kong SAR, China. 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 28141180 - Safety or relief valves for pipes, boiler shells, tanks, vats and the like
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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