ASEAN: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in ASEAN

In 2021, the ASEAN market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -6.9% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in ASEAN

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps contracted rapidly to $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +70.6% against 2014 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 43% against the previous year. As a result, production reached the peak level of $X, and then reduced rapidly in the following year.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports in ASEAN

In 2021, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in ASEAN soared to X units, increasing by 67% on 2020. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 68%. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps rose remarkably to $X in 2021. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 36%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

In 2021, Thailand (X units) represented the key exporter of hydraulic pumps (gear or vane) and other rotary positive displacement pumps, achieving 77% of total exports. Singapore (X units) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (5.8%).

From 2012 to 2021, average annual rates of growth with regard to hydraulic pump (gear or vane) and other rotary positive displacement pump exports from Thailand stood at +19.2%. At the same time, Malaysia (+21.7%) and Singapore (+11.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +21.7% from 2012-2021. From 2012 to 2021, the share of Thailand and Malaysia increased by +9.6 and +1.6 percentage points, respectively.

In value terms, Singapore ($X) remains the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier in ASEAN, comprising 62% of total exports. The second position in the ranking was taken by Thailand ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore amounted to +6.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+7.1% per year) and Malaysia (+12.8% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, with a decrease of -33.1% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 45% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-3.9%), while the other leaders experienced a decline in the export price figures.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports in ASEAN

In 2021, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in ASEAN stood at X units, picking up by 10% against 2020. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +92.0% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of 43% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps reached $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand represented the key importing country with an import of around X units, which recorded 53% of total imports. Vietnam (X units) ranks second in terms of the total imports with a 24% share, followed by Malaysia (9.6%) and Indonesia (8.2%). Singapore (X units) took a minor share of total imports.

Imports into Thailand increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, Vietnam (+15.1%), Singapore (+11.0%), Indonesia (+4.5%) and Malaysia (+3.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +15.1% from 2012-2021. From 2012 to 2021, the share of Vietnam and Singapore increased by +13 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 66% share of total imports. These countries were followed by Vietnam and Malaysia, which together accounted for a further 29%.

Vietnam, with a CAGR of +26.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, leveling off at the previous year. In general, the import price, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2017 an increase of 16% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform