Brief introduction to the development trend of valve and pipe fittings industry

At present, the United States is in the leading position in the valve industry. Followed by Japan and Germany, China ranked fourth, followed by the United Kingdom, France, South Korea, Italy, Taiwan and Canada.

Due to the simplicity of manufacturing and the high demand for general-purpose products in valve products, the global competition is fierce. The valve industry is highly concentrated, such as the Wenzhou region of China. But no monopoly has yet been formed.

In recent years, the import and export of valve fittings in East Asia and Southeast Asia has grown rapidly, and the market trade of developed countries such as the European Community in North America has continued to develop. Exports from Germany, Japan, Italy, China and other countries and regions have expanded, and imports from the United States, Britain and France have grown rapidly, forming a support point for the market prosperity of international valve fittings. Furthermore, due to the further internationalization of the world economy, multinational companies will continue to promote the development of the valve and pipe fittings market. Regionalization of international trade is bound to become another major feature.