ASEAN: Pump For Liquid Market 2024

Pump For Liquid Market Size in ASEAN

The ASEAN pump for liquid market shrank to $X in 2021, declining by -7.8% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.1% against 2015 indices. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Pump For Liquid Production in ASEAN

In value terms, pump for liquid production shrank to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.2% 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 +59.3% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 74%. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Pump For Liquid Exports

Exports in ASEAN

In 2021, exports of pumps for liquids and liquid elevators in ASEAN dropped to X units, reducing by -3.5% against 2020. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 81% against the previous year. As a result, the exports reached the peak of X units, and then fell modestly in the following year.

In value terms, pump for liquid exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand represented the main exporter of pumps for liquids and liquid elevators in ASEAN, with the volume of exports amounting to X units, which was approx. 76% of total exports in 2021. It was distantly followed by Vietnam (X units) and Indonesia (X units), together comprising a 22% share of total exports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to pump for liquid exports from Thailand stood at +14.4%. At the same time, Vietnam (+44.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +44.5% from 2012-2021. By contrast, Indonesia (-4.3%) and Singapore (-10.1%) illustrated a downward trend over the same period. While the share of Thailand (+18 p.p.) and Vietnam (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-10 p.p.) and Indonesia (-20.4 p.p.) displayed negative dynamics.

In value terms, the largest pump for liquid supplying countries in ASEAN were Thailand ($X), Singapore ($X) and Vietnam ($X), together comprising 90% of total exports.

Vietnam, with a CAGR of +24.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, growing by 18% against the previous year. In general, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 56%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 (+14.4%), while the other leaders experienced mixed trends in the export price figures.

Pump For Liquid Imports

Imports in ASEAN

Pump for liquid imports shrank to X units in 2021, waning by -13.5% against the year before. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 136% against the previous year. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, pump for liquid imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 18%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Thailand represented the major importing country with an import of around X units, which resulted at 65% of total imports. It was distantly followed by Indonesia (X units), achieving a 26% share of total imports. The following importers - Vietnam (X units) and Malaysia (X units) - together made up 5.8% of total imports.

Thailand was also the fastest-growing in terms of the pumps for liquids and liquid elevators imports, with a CAGR of +17.1% from 2012 to 2021. At the same time, Vietnam (+6.2%), Malaysia (+5.0%) and Indonesia (+3.1%) displayed positive paces of growth. Thailand (+27 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Indonesia saw its share reduced by -1.6% and -21.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pump for liquid importing markets in ASEAN were Thailand ($X), Indonesia ($X) and Vietnam ($X), together accounting for 63% of total imports.

Vietnam, with a CAGR of +5.1%, saw the highest rates of growth with regard to 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

In 2021, the import price in ASEAN amounted to $X per unit, increasing by 35% against the previous year. In general, the import price, however, recorded a abrupt curtailment. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Thailand ($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 (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform