From 2003 to 2009, China’s valve
industry experienced a period of rapid growth, with a CAGR of 33.5%. But in
recent years, affected by economic crisis, the valve market demand started to
slow down from 2010 onwards, and China’s valve output growth rate fell
accordingly, down to 8.9% till May, 2013.
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In point of market competition
pattern, China’s valve production features a high degree of regional
concentration, mainly in Zhejiang, Henan, Jiangsu, Liaoning, Fujian and other
provinces and cities. In 2012, output from the top five provinces accounted for
74% of the total. However, due to the small scale and weak financial strength
of domestic valve companies, the market concentration is lower than other
countries.
Since 2009, China has ranked first worldwide
in valve export scale. In 2012, the export volume gradually converged in large
companies, with export products showing diversification; the top few export
destinations remained basically unchanged from the previous years. With respect
to imports, most of imported valves in China are high-end and high-priced
products. But with the increasing R&D investment and market development
efforts, Chinese valve companies are stepping into the high-end valve market.
In addition to a study on the
development status and trends of Chinese valve industry, Global and China Valve
Industry Report, 2012-2015 also analyzes the operating status and development
prospects of leading companies.
As a key player in China’s nuclear
power valve industry, Sufa Technology Industry Co., Ltd. of CNNC is provided
with enormous technical strength. In 2012, following the gradual recovery of
domestic nuclear power plant construction, the company continued to expand
business, realizing growth in both revenue and net income against the adverse
economic conditions.
Zhejiang Sanhua Co., Ltd. is one of
the world’s air conditioning valve manufacturers with the most complete
varieties, occupying the largest share of stop valve and four-way valve
markets, going halves with DunAn Environment. In 2012, under the influence of
Chinese macroeconomic policy adjustments and stimulus exit, the entire air
conditioning appliance industry demand decreased, and the downstream demand
reduction triggered declines in both revenue and net income of Sanhua.
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