ASEAN: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in ASEAN

In 2021, the ASEAN positive displacement pump market decreased by -15.2% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, enjoyed resilient growth. As a result, consumption reached the peak level of $X, and then shrank dramatically in the following year.

Positive Displacement Pump Production in ASEAN

In value terms, positive displacement pump production reduced to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 +59.9% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 22%. The level of production peaked at $X in 2020, and then dropped in the following year.

Positive Displacement Pump Exports

Exports in ASEAN

In 2021, exports of positive displacement pumps and hand pumps in ASEAN reduced to X units, which is down by -7.5% compared with 2020 figures. Overall, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 193% against the previous year. As a result, the exports reached the peak of X units, and then shrank in the following year.

In value terms, positive displacement pump exports expanded modestly to $X in 2021. Over the period under review, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 46%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Thailand was the major exporter of positive displacement pumps and hand pumps in ASEAN, with the volume of exports amounting to X units, which was approx. 80% of total exports in 2021. It was distantly followed by Vietnam (X units), comprising a 15% share of total exports. Indonesia (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to positive displacement pump exports from Thailand stood at +22.8%. At the same time, Vietnam (+60.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +60.5% from 2012-2021. By contrast, Indonesia (-7.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand and Vietnam increased by +21 and +14 percentage points, respectively.

In value terms, Thailand ($X) remains the largest positive displacement pump supplier in ASEAN, comprising 60% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand amounted to +12.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+54.2% per year) and Indonesia (+5.1% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, increasing by 12% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2019 an increase of 73%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+13.4%), while the other leaders experienced a decline in the export price figures.

Positive Displacement Pump Imports

Imports in ASEAN

In 2021, approx. X units of positive displacement pumps and hand pumps were imported in ASEAN; which is down by -18.4% compared with 2020. Overall, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 130%. As a result, imports reached the peak of X units, and then declined dramatically in the following year.

In value terms, positive displacement pump imports reduced markedly to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 21% against the previous year. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2021, Thailand (X units) was the major importer of positive displacement pumps and hand pumps, comprising 67% of total imports. It was distantly followed by Indonesia (X units) and Cambodia (X units), together making up a 27% share of total imports. The following importers - Vietnam (X units) and Malaysia (X units) - each reached a 4.4% share of total imports.

Thailand was also the fastest-growing in terms of the positive displacement pumps and hand pumps imports, with a CAGR of +21.5% from 2012 to 2021. At the same time, Malaysia (+18.2%), Cambodia (+13.1%), Indonesia (+12.7%) and Vietnam (+11.5%) displayed positive paces of growth. While the share of Thailand (+17 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Cambodia (-4.1 p.p.) and Indonesia (-8.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported positive displacement pumps and hand pumps in ASEAN, comprising 40% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 16% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Thailand amounted to +1.2%. In the other countries, the average annual rates were as follows: Indonesia (+15.5% per year) and Malaysia (+9.1% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, flattening at the previous year. Overall, the import price, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Malaysia ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform