What is the demand for pipes and process equipment in Europe?

Imports of pipes and process equipment (PPE) from low-cost countries and developing countries to Europe will continue to grow in the next few years, albeit slowly. This trend is the result of the increased openness of European companies towards sourcing from developing countries. This positive attitude is driven primarily by strong competition on the market for standard products and high price pressure for both standard and more complex products. In addition, the search for cost-saving models is driving some European buyers to consider sourcing from alternative locations and from different locations for different products. The best opportunities for suppliers from developing countries are in the area of valves, pumps and parts thereof, preferably focusing on the largest European markets (e.g. Germany, the UK, Italy and France).