Analysis of import and export status of China's valve industry in 2020

Analysis of import and export status of China's valve industry in 2020

       The market competition of valve industry in China is fierce. At present, the scale of enterprises in the market is small, and the proportion of medium and small enterprises is more than 90%. Most of the enterprises are backward in technology and mainly concentrated in the low-end market. This leads to the lack of competitiveness of China's valve products in the international market and the lack of high-end product research and development.

       In China's current valve market, in addition to the low-pressure valve has reached the international market acceptable level, high-pressure valves still rely on imports. Under the macroeconomic downturn and the uncertainty of international trade form, the import and export volume of the industry fluctuated greatly. In 2018, the total import and export volume of the industry reached 23.952 billion US dollars, and in 2019, the total import and export volume decreased slightly to 23.385 billion US dollars, a year-on-year decrease of 2.37%.

The import volume and price of China's valve industry fell, and international trade was challenged

       According to the customs data, from 2012 to 2019, the import volume of China's valve industry showed an overall upward trend. In the two years from 2018 to 2019, due to the impact of trade friction with the United States, the import volume and growth rate of the industry declined. In 2019, the import volume of the industry was 1023.55 million sets, a year-on-year decrease of 1.58%.

       From the perspective of import amount, the import amount of valves in 2018 reached 7.328 billion US dollars, with a year-on-year increase of 19.95%; in 2019, the import amount was 7.154 billion US dollars, a year-on-year decrease of 2.37%.

Exports have fallen, and the export volume will reach 16.231 billion US dollars in 2019

       In terms of export, according to the customs data, the export amount of China's valve industry showed a fluctuating upward trend from 2017 to 2019, reaching US $16.624 billion in 2018, an increase of 13.5% over the same period of last year; in 2019, the total export volume of China's valve industry fell to US $16.231 billion, a year-on-year decrease of 0.02%.

       From January to December 2019, the export amount of China's valve industry fluctuated greatly, among which the largest export amount was US $1.632 billion in January 2019, and the lowest export finance was US $690 million in February 2019.

       At present, the domestic key enterprises of valve production have been able to design and manufacture various valves according to ISO international standards, DIN German standards, AWWA American standards and other international standards, and the products of some manufacturers have reached the international advanced level. The overall level of valve industry has been greatly improved. However, compared with foreign countries, the quality of Chinese products is not stable enough, such as running, emitting, dripping and leaking often appear in domestic valves. Compared with developed countries, there is still a certain gap in the matching capacity of valves.

       In recent two years, due to the impact of international trade friction, the international demand of valve products in China has declined, and the international trade has been challenged. In this context, Chinese valve enterprises should improve product technology and quality, increase high-end product research and development technology, catch up with international level as soon as possible, and improve international competitiveness.