Abstract
US industrial valve demand to reach $16.3 billion in 2011
Demand for industrial valves is forecast to rise 3.2 percent annually through
2011 to $16.3 billion. This pace represents a deceleration from the 2001-2006
period, but reflects slower growth in unit prices. In inflation-adjusted
terms, demand for valves will strengthen through 2011. Valve prices rose
substantially owing to rising raw materials costs for primary and fabricated
metals as well as plastic resins. Raw material prices are expected to moderate
through 2011, reducing price pressure for valves. Original equipment demand
comprises two-thirds of the total market, and will be supported by a positive
outlook for the production of durable goods as well as nonresidential fixed
investment.
US trade deficit in valves to decelerate through 2011
Trade will continue to play an important role in the valve industry through
2011. Imports are expected to grow slightly faster than exports and the trade
deficit will continue to rise, yet decelerate, from the 2001-2006 period.
Canada and Mexico together represented almost one-half of the US export market
in 2006. Other key markets for valve exports include Western Europe, the
Asia/Pacific region, and oil-producing countries such as Saudi Arabia, Kuwait
and Nigeria.
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