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Jun 07, 2025

Asia-Pacific's Pressure-Reducing, Control, Check and Safety Valves Market to See Slow Growth with CAGR of +0.3% - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: Asia-Pacific - Pressure-Reducing, Control, Check and

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IndexBox has just published a new report: Asia-Pacific - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends And Insights.

The Asia-Pacific market for pressure-reducing, control, check, and safety valves is expected to experience a gradual growth in consumption from 2024 to 2035. The market volume is projected to reach 193M units, with a CAGR of +0.3%, while the market value is forecasted to reach $4.7B, with a CAGR of +1.3%. Stay informed on the market performance and be prepared for the upward consumption trend in the coming years.

Driven by increasing demand for pressure-reducing, control, check and safety valves in Asia-Pacific, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.3% for the period from 2024 to 2035, which is projected to bring the market volume to 193M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.3% for the period from 2024 to 2035, which is projected to bring the market value to $4.7B (in nominal wholesale prices) by the end of 2035.

In 2024, the amount of pressure-reducing, control, check and safety valves consumed in Asia-Pacific stood at 187M units, remaining constant against 2023 figures. The total consumption volume increased at an average annual rate of +2.4% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of consumption peaked in 2024 and is expected to retain growth in years to come.

The revenue of the pressure-reducing iron valve market in Asia-Pacific shrank modestly to $4.1B in 2024, reducing by -1.6% 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 +2.1% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $4.2B in 2023, and then dropped modestly in the following year.

China (94M units) remains the largest pressure-reducing iron valve consuming country in Asia-Pacific, comprising approx. 50% of total volume. Moreover, pressure-reducing iron valve consumption in China exceeded the figures recorded by the second-largest consumer, India (38M units), twofold. The third position in this ranking was held by Japan (15M units), with a 7.9% share.

In China, pressure-reducing iron valve consumption increased at an average annual rate of +2.8% over the period from 2013-2024. In the other countries, the average annual rates were as follows: India (+3.0% per year) and Japan (+0.8% per year).

In value terms, China ($1.1B), Japan ($976M) and India ($765M) constituted the countries with the highest levels of market value in 2024, with a combined 70% share of the total market. Vietnam, South Korea, Democratic People's Republic of Korea, Malaysia, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further 25%.

Among the main consuming countries, Democratic People's Republic of Korea, with a CAGR of +9.9%, saw the highest rates of growth with regard to market size over the period under review, while market for the other leaders experienced more modest paces of growth.

The countries with the highest levels of pressure-reducing iron valve per capita consumption in 2024 were Malaysia (163 units per 1000 persons), Taiwan (Chinese) (152 units per 1000 persons) and Democratic People's Republic of Korea (123 units per 1000 persons).

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Malaysia (with a CAGR of +6.1%), while consumption for the other leaders experienced more modest paces of growth.

Pressure-reducing iron valve production reached 236M units in 2024, growing by 6% against the previous year. The total production indicated strong growth from 2013 to 2024: its volume increased at an average annual rate of +5.0% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production increased by +65.7% against 2017 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by 23% against the previous year. The volume of production peaked in 2024 and is expected to retain growth in the near future.

In value terms, pressure-reducing iron valve production fell to $4.5B in 2024 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by 19%. The level of production peaked at $4.5B in 2023, and then shrank slightly in the following year.

The country with the largest volume of pressure-reducing iron valve production was China (155M units), accounting for 66% of total volume. Moreover, pressure-reducing iron valve production in China exceeded the figures recorded by the second-largest producer, India (40M units), fourfold. Japan (15M units) ranked third in terms of total production with a 6.2% share.

In China, pressure-reducing iron valve production expanded at an average annual rate of +6.7% over the period from 2013-2024. The remaining producing countries recorded the following average annual rates of production growth: India (+2.7% per year) and Japan (+0.5% per year).

For the third consecutive year, Asia-Pacific recorded growth in overseas purchases of pressure-reducing, control, check and safety valves, which increased by 1% to 57M units in 2024. Over the period under review, imports saw resilient growth. The growth pace was the most rapid in 2020 when imports increased by 88%. The volume of import peaked in 2024 and is likely to see gradual growth in the near future.

In value terms, pressure-reducing iron valve imports amounted to $1.2B in 2024. The total import value increased at an average annual rate of +1.9% over the period from 2013 to 2024; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 16% against the previous year. The level of import peaked in 2024 and is likely to see steady growth in years to come.

In 2024, China (29M units) represented the major importer of pressure-reducing, control, check and safety valves, generating 50% of total imports. It was distantly followed by Thailand (9.9M units) and Indonesia (3.5M units), together achieving a 23% share of total imports. Malaysia (2.2M units), Japan (2M units), South Korea (1.7M units), Bangladesh (1.4M units), Australia (1.4M units), India (1.1M units) and Singapore (1M units) took a relatively small share of total imports.

Imports into China increased at an average annual rate of +12.7% from 2013 to 2024. At the same time, Thailand (+20.7%), India (+8.7%), Bangladesh (+4.0%), Australia (+3.9%), South Korea (+3.0%) and Japan (+1.1%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +20.7% from 2013-2024. By contrast, Singapore (-2.6%), Malaysia (-3.8%) and Indonesia (-8.5%) illustrated a downward trend over the same period. China (+26 p.p.) and Thailand (+13 p.p.) significantly strengthened its position in terms of the total imports, while Japan, Singapore, Malaysia and Indonesia saw its share reduced by -2.1%, -2.5%, -6.5% and -23% from 2013 to 2024, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($490M) constitutes the largest market for imported pressure-reducing, control, check and safety valves in Asia-Pacific, comprising 41% of total imports. The second position in the ranking was held by South Korea ($105M), with an 8.7% share of total imports. It was followed by Japan, with an 8.3% share.

In China, pressure-reducing iron valve imports expanded at an average annual rate of +2.1% over the period from 2013-2024. In the other countries, the average annual rates were as follows: South Korea (+8.5% per year) and Japan (+3.3% per year).

The import price in Asia-Pacific stood at $21 per unit in 2024, picking up by 1.5% against the previous year. In general, the import price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by 36%. The level of import peaked at $36 per unit in 2018; however, from 2019 to 2024, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($62 per unit), while Thailand ($5.2 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by South Korea (+5.3%), while the other leaders experienced more modest paces of growth.

In 2024, exports of pressure-reducing, control, check and safety valves in Asia-Pacific expanded rapidly to 107M units, with an increase of 12% compared with the previous year's figure. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 121%. The volume of export peaked in 2024 and is expected to retain growth in the immediate term.

In value terms, pressure-reducing iron valve exports contracted to $933M in 2024. Total exports indicated a noticeable expansion from 2013 to 2024: its value increased at an average annual rate of +4.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports decreased by -7.3% against 2022 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Over the period under review, the exports attained the peak figure at $1B in 2022; however, from 2023 to 2024, the exports failed to regain momentum.

China dominates exports structure, recording 90M units, which was approx. 84% of total exports in 2024. The following exporters - Thailand (4.2M units), India (2.8M units), South Korea (2.7M units) and Japan (2.1M units) - together made up 11% of total exports.

China was also the fastest-growing in terms of the pressure-reducing, control, check and safety valves exports, with a CAGR of +17.8% from 2013 to 2024. At the same time, Thailand (+14.9%), South Korea (+3.5%) and India (+1.0%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. China (+28 p.p.) significantly strengthened its position in terms of the total exports, while South Korea, Japan and India saw its share reduced by -4.4%, -6.4% and -6.8% from 2013 to 2024, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($396M) remains the largest pressure-reducing iron valve supplier in Asia-Pacific, comprising 42% of total exports. The second position in the ranking was taken by Japan ($139M), with a 15% share of total exports. It was followed by South Korea, with a 12% share.

In China, pressure-reducing iron valve exports increased at an average annual rate of +6.7% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Japan (-0.6% per year) and South Korea (+4.9% per year).

In 2024, the export price in Asia-Pacific amounted to $8.7 per unit, reducing by -16.8% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when the export price increased by 65% against the previous year. As a result, the export price attained the peak level of $36 per unit. From 2015 to 2024, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Japan ($67 per unit), while China ($4.4 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by India (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the pressure-reducing iron valve market in Asia-Pacific. 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.

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:

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.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles