China's main valve exporting countries are the United States, Germany, Russia, Japan, the United Kingdom, South Korea, the United Arab Emirates, Vietnam and Italy.
In 2020, the export value of China's valves will be more than US $16 billion, a decrease of about US $600 million over 2018. However, although there is no public valve data in 2021, it is expected to be significantly higher than that in 2020. Because in the first quarter of 2021, China's valve export increased by more than 27%.
Among China's valve exporters, the United States, Germany and Russia account for the top three, especially the United States. The value of valves exported to the United States accounts for more than 20% of the total export value.
Since 2017, China's valve exports have hovered between 5 billion and 5.3 billion sets. Among them, the number of valve exports in 2017 was 5.072 billion, which increased continuously in 2018 and 2019, reaching 5.278 billion in 2019. In 2020, there was a decline to 5.105 billion units.
The export unit price of valves has been rising continuously. In 2017, the average price of a set of valves exported in China was US $2.89, and by 2020, the average price of exported valves rose to US $3.2/set.
Although China's valve exports account for 25% of the global valve production, the transaction amount is still less than 10% of the global valve output value, which shows that China's valve industry is still in the low-end niche in the global valve industry.