Valves (Note: HS 848110: Pressure-reducing valves; 848120: Hydraulic or pneumatic transmission valves; 848130: Check valves; 848140: Safety or overflow valves; 848180: Other valves, faucets, cocks and similar devices) are devices that control the flow rate, pressure, and direction of fluids by changing the size of their flow passages. They are control components in fluid delivery systems, and their functions include opening and closing, regulating, and throttling.

    Valves are important mechanical components and their upstream industries include industrial raw materials such as castings, forgings, and sealing components, which are in a state of full competition. They are widely used in downstream industries such as oil and gas, chemical, power, water supply and sewage treatment, papermaking, metallurgy, pharmaceuticals, food, mining, non-ferrous metals, and electronics.

    In terms of market size, the valve industry in China has experienced rapid development thanks to industrial growth, urban construction, and global economic integration. According to customs data, the total export volume in 2022 was 2.432 billion sets, which is a decrease of 8.86% compared to the same period last year. The total export value to China was 1.649 billion US dollars, which represents a growth of 9.41% over the same period.

注：同期百分比

    In terms of the distribution of imports and exports, the main countries importing valves to China are Japan, the United States, Germany, Taiwan (China), South Korea, and Switzerland. The main countries to which China exports valves are the United States, Indonesia, France, Vietnam, Germany, and India.

注：国家占比

    As countries and regions such as the United States and the European Union upgrade their industries, the trend of global industrial transfer in the valve industry is becoming increasingly evident. As a major manufacturing country and emerging market, China has a high cost advantage in the development of the manufacturing industry and has become one of the most important production bases in the global valve industry. Furthermore, the technological strength of domestic valve enterprises is continuously improving and can now meet the technical parameter requirements of the global multi-level valve application field. Therefore, more and more multinational companies have identified China as one of the most important countries for global procurement of valve products, creating great business opportunities for domestic valve enterprises with strong capabilities.

    It is expected that in the coming years, with the rapid development of China's economy, the improvement of industrial automation level, the transformation and upgrading of China's equipment manufacturing industry, and the continuous growth of national investment in fields such as petroleum and natural gas, petrochemicals, environmental protection, power, and metallurgy, the overall scale of China's control valve market will maintain a rapid growth rate.