Thailand - Pumps For Liquids And Liquid Elevators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThailand Sees a Decline in 'Pump for Liquid' Imports, Falling to $774 Million in 2023
Thailand Pump For Liquid Imports
In 2023, approx. 50M units of pumps for liquids and liquid elevators were imported into Thailand; growing by 13% compared with the year before. Overall, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2022 when imports increased by 26%. Imports peaked in 2023 and are expected to retain growth in years to come.
In value terms, pump for liquid imports contracted slightly to $774M (IndexBox estimates) in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, imports reached the peak of $844M. From 2022 to 2023, the growth of imports failed to regain momentum.
| COUNTRY | Import Value of Pump For Liquid in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 149 | 146 | 143 | 175 | 154 | 161 | 181 | 262 | 262 | 232 | 240 |
| Japan | 205 | 209 | 157 | 156 | 168 | 182 | 192 | 169 | 174 | 167 | 153 |
| United States | 97.6 | 101 | 97.1 | 86.2 | 86.2 | 82.1 | 73.6 | 56.8 | 60.8 | 93.9 | 99.4 |
| Germany | 52.8 | 58.2 | 70.7 | 67.0 | 60.1 | 62.5 | 55.9 | 50.3 | 52.6 | 57.9 | 52.0 |
| Italy | 52.1 | 47.7 | 25.0 | 29.0 | 28.4 | 27.7 | 30.8 | 31.2 | 36.1 | 53.0 | 37.1 |
| Vietnam | 10.5 | 11.2 | 12.0 | 15.1 | 16.5 | 16.7 | 14.6 | 19.5 | 23.1 | 22.4 | 19.5 |
| Czech Republic | 3.7 | 3.1 | 2.0 | 2.9 | 8.8 | 6.1 | 8.0 | 10.7 | 17.0 | 12.3 | 18.8 |
| Taiwan (Chinese) | 23.2 | 23.6 | 24.2 | 28.6 | 26.2 | 24.0 | 22.9 | 21.3 | 21.6 | 22.2 | 18.3 |
| South Korea | 22.7 | 41.5 | 29.8 | 16.9 | 14.4 | 14.9 | 37.2 | 15.4 | 35.5 | 20.4 | 18.0 |
| Others | 182 | 160 | 144 | 133 | 119 | 134 | 126 | 113 | 161 | 118 | 118 |
| Total | 799 | 802 | 705 | 709 | 682 | 710 | 741 | 749 | 844 | 799 | 774 |
Imports by Country
In 2023, China (24M units) constituted the largest supplier of pump for liquid to Thailand, accounting for a 49% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, Japan (5.2M units), fivefold. The third position in this ranking was taken by the United States (4.4M units), with an 8.7% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China stood at +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.6% per year) and the United States (+4.1% per year).
In value terms, China ($240M), Japan ($153M) and the United States ($99M) appeared to be the largest pump for liquid suppliers to Thailand, together comprising 64% of total imports. Germany, Italy, Vietnam, the Czech Republic, Taiwan (Chinese) and South Korea lagged somewhat behind, together comprising a further 21%.
the Czech Republic, with a CAGR of +17.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
In 2023, positive displacement pumps and hand pumps (295M units) was the main type of pumps for liquids and liquid elevators supplied to Thailand, with a 93% share of total imports. It was followed by fuel, lubricating or cooling-medium pumps for internal combustion engines (9.2M units), with a 2.9% share of total imports. Pumps for liquids (5.2M units) ranked third in terms of total imports with a 1.6% share.
From 2013 to 2023, the average annual rate of growth in terms of the volume of positive displacement pumps and hand pumps imports amounted to +48.5%. With regard to the other supplied products, the following average annual rates of growth were recorded: fuel, lubricating or cooling-medium pumps for internal combustion engines (-0.5% per year) and pumps for liquids (+5.1% per year).
In value terms, pumps for liquids and liquid elevators with the largest imports in Thailand were pumps for liquids ($238M), fuel, lubricating or cooling-medium pumps for internal combustion engines ($208M) and hydraulic pumps (axial and radial piston) and other reciprocating positive displacement pumps ($109M), together accounting for 71% of total imports.
Import Prices by Country
In 2023, the pump for liquid price stood at $15 per unit (CIF, Thailand), which is down by -13.9% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 4.8% against the previous year. As a result, import price attained the peak level of $39 per unit. From 2016 to 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($30 per unit), while the price for Vietnam ($4.5 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Japan (-2.3%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the pump for liquid market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28121320 - Hydraulic pumps (radial piston)
- Prodcom 28121350 - Hydraulic pumps (gear)
- Prodcom 28121380 - Hydraulic pumps (vane)
- Prodcom 28121530 - Hydraulic pumps (axial piston)
- Prodcom 28121580 - Hydraulic pumps (excluding axial, radial, gear, vane)
- Prodcom 28131105 - Petrol and oil dispensing pumps, unit
- Prodcom 28131125 - Pumps for dispensing liquids, fitted or designed to be fitted with a measuring device (excluding for fuel or lubricants)
- Prodcom 28131145 - Positive displacement pumps, hand pumps
- Prodcom 28131165 - Fuel, lubricating or cooling-medium pumps for internal combustion engines
- Prodcom 28131185 - Concrete pumps
- Prodcom 28131220 - Positive displacement reciprocating pumps, dosing and proportioning
- Prodcom 28131250 - In-line reciprocating piston pumps
- Prodcom 28131280 - Positive displacement reciprocating pumps, diaphragm
- Prodcom 28131320 - Positive displacement pumps, rotary, gear
- Prodcom 28131340 - Positive displacement pumps, rotary, vane
- Prodcom 28131360 - Positive displacement pumps, rotary, screw
- Prodcom 28131380 - Positive displacement pumps, rotary (including peristaltic, r otary lobe and helical rotor pumps) (excluding hydraulic units, gear pumps, vane pumps, screw pumps)
- Prodcom 28131413 - Submersible motor, single-stage rotodynamic drainage and sewage pumps
- Prodcom 28131415 - Submersible motor, multi-stage rotodynamic pumps
- Prodcom 28131417 - Glandless impeller pumps for heating systems and warm water supply
- Prodcom 28131420 - Rotodynamic pumps . .15 mm discharge
- Prodcom 28131430 - Centrifugal pumps with a discharge outlet diameter > .15 mm, c hannel impeller pumps, side channel pumps, peripheral pumps and regenerative pumps
- Prodcom 28131451 - Centrifugal pumps with a discharge outlet diameter > .15 mm, s ingle-stage with a single entry impeller, close coupled
- Prodcom 28131453 - Centrifugal pumps with a discharge outlet diameter > .15 mm, s ingle stage with a single entry impeller, long coupled
- Prodcom 28131455 - Centrifugal pumps with a discharge outlet diameter > .15 mm, s ingle-stage with double entry impeller
- Prodcom 28131460 - Centrifugal pumps with a discharge outlet diameter > .15 mm, m ulti-stage (including self-priming)
- Prodcom 28131471 - Rotodynamic single-stage mixed flow or axial pumps
- Prodcom 28131475 - Rotodynamic multi-stage mixed flow or axial pumps
- Prodcom 28131480 - Other liquid pumps, liquid elevators
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
