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China Valves Lead the International Valve Market

Source: Bofa Valve Company   Author: Bofa Valve Company   Posted: 2013-09-16 14:39:17   Hits: 785

Judging from the last few years,along with the development of China valve industry,the variety of valves are on the increase,the industries demanding on the valves get more and more such as petrochemical, oil refining ,nuclear, thermal power industry,ect. while the increasing number of industries have more new requirements for the valves and  higher requests for the quality and technique of valves.

In recent years, with the development and progress of science and technology, the valve industry takes hold in china. Accelerating the pace of technological innovations and further optimizing the product structure of mechanical industrial valves make valves and the actuators a better performance. The stable oil price and the extended application of  natural gas make an increase in investment in petroleum and gas, speed up a position which pneumatic control valves occupy in the market.

 The data,released by China valve industry association on July 3rd,2013, showed that in the first half of the year,the value added of 13 industrial divisions from China valve industry growed rapidly double-digit rates, of which engineered valves increased fastest. Chemical and electrical industry with a large proportion in the gross made a nearly 59% contribution rate to industrywide growth. According to the data, comprehensive index of economic benefits of china valve industry reached 169.55% in the first half of the year, up about 20 percents year-on-year; the profit margin of main business is 5.33, up 0.49 percent. "The reason for sharp growth was the governmental policies of revival equipment manufacturing,strong market needs,an increase in industrial devoted capacity,ect. " said vice chairman of China Valve Industry Association.The data showed that the exports of China machinery industry obtained foreign exchange of $65.2 billion, up 36.15%, the cumulative trade deficit of $1billion, down about $2.6 billion.