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VDMA: German industrial valve manufacturers on growth track Strong impetus above all from international business + + + Exports to Russia particularly dynamic + + + Very good outlook for oil and gas extraction. 11.03.2011 + + + German manufacturers of industrial valves are benefiting from the positive performance of the world markets, achieving nominal sales growth of nine per cent in 2010. The main stimulus for growth came from international trade. Overall, sales have now risen back above their pre-crisis level. The sector owes its return to the black (expected to have been achieved by the end of 2010) to strong growth in incoming orders. Overall, in 2010 industrial valve manufacturers recorded a 17 per cent year-on-year increase in orders. In Germany sales rose by five per cent while international sales were 12 per cent higher than 2009. 2010 saw a very positive performance by each of the product groups tracked by the VDMA. Sales of regulating valves rose by ten per cent while manufacturers of shut-off valves recorded an increase of nine per cent and safety and monitoring valves achieved growth of seven per cent. The outlook for sales of “made in Germany” industrial valves improved substantially in 2010. According to statistics published by the Federal Statistical Office, exports of industrial valves increased by some seven percent to around EUR 2.8 billion (see chart) in 2010. China consolidated its position as the biggest export market for German industrial valves. Nevertheless, German deliveries to China fell by two per cent relative to the previous year. In crisis year 2009, German exports of industrial valves to China grew by a strong 17 per cent. The basis effect resulted in a slight decrease in German exports to this market in 2010. A significant catch-up effect in sales to Russia has been in evidence for some time. Just a year ago, manufacturers suffered a fall in demand of 40 per cent. By the end of 2010, German exports to Russia had increased by 63 per cent over the previous year to EUR 187 million. This development was helped by rising export revenues from oil, gas and metals. German exports to the US market also picked up during the year. In the middle of 2010, the trade association Valve Manufacturers Association of America (VMA) forecast a boost in demand for German industrial valves. In total, German valve exports to the USA rose by 30 per cent to EUR 188 million. The reluctance to invest seems to be over. High environmental standards for industrial projects are benefiting the export of innovative, resource-saving industrial products from Germany. Forecast for 2011 The German Valve Manufacturers Association (VDMA) is expecting world markets to continue to pick up in 2011, predicting sales growth of four per cent during the year. Positive impetus is expected above all from the chemical industry, the petrochemicals sector and oil and gas extraction. East and South-East Asia are currently important sales regions for the large-scale plant construction segment. Demand here is being driven by ambitious industrial projects and infrastructure expansion. On the other hand, demand is expected to fall in the ship and marine technology, water management and paper and pulp sectors. More: Christine Lindenau - christine.lindenau@vdma.org
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