With China's entry into the WTO, China's valve market is facing competition from foreign valve manufacturers. The amount of valves imported from abroad will increase significantly. At the same time, there will be more space for China's mid- and low-end valve products.
At present, the domestic and foreign valve market competition is very fierce, especially the domestic market, the competition between state-owned enterprises and township enterprises and private individual enterprises, coupled with the relative weakening of their purchasing power, making some valve companies face the crisis of survival, at the same time, the foreign market Some opportunities have also led domestic companies to strive to expand in order to survive. Taking advantage of the U.S. sanctions on Iraq in the Middle East and Iran and the export situation, China's valve products with higher quality and cheaper prices will easily enter the Middle East market and be exported to developed countries. Therefore, all valve companies should seize the opportunity to expand the market and increase exports in order to meet the needs of the domestic and foreign valve market.
Although various manufacturers in the valve industry in China are gradually increasing their research and development efforts, the backwardness in product technology has made competition less effective. The types of valves produced can only meet about 70% of market demand. The shortage of low-pressure and large-diameter valves and contradictions between production and demand in high- and medium-pressure valves of varieties and materials, as well as the above-mentioned new products to be developed, all require our valve companies to research, develop, and expand. The competition in the market will always be the survival of the fittest. Accelerating the adjustment of product structure, renewal of technology, development of new products, and creation of various brands are the foundation of the company’s own survival, development, and occupation of domestic and foreign markets.
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