Asia: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Asia

The Asian fuel or lubricating pump market fell significantly to $X in 2021, declining by -19.6% against the previous year. In general, consumption saw a slight descent. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Asia

In value terms, fuel or lubricating pump production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports in Asia

In 2021, overseas shipments of fuel, lubricating or cooling-medium pumps for internal combustion engines were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +3.6% 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 attained the peak and are likely to continue growth in the immediate term.

In value terms, fuel or lubricating pump exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) was the major exporter of fuel, lubricating or cooling-medium pumps for internal combustion engines, making up 47% of total exports. It was distantly followed by Japan (X units) and South Korea (X units), together generating a 39% share of total exports. The following exporters - Thailand (X units), Turkey (X units) and India (X units) - together made up 9.5% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +23.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of exports in 2021, together comprising 74% of total exports. These countries were followed by Thailand, Turkey and India, which together accounted for a further 20%.

Among the main exporting countries, Turkey, with a CAGR of +26.7%, recorded the highest rates of growth with regard to the value of exports, 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 Asia amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2015 an increase of 30%. Over the period under review, the export prices attained the peak figure in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+11.6%), while the other leaders experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports in Asia

In 2021, purchases abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, fuel or lubricating pump imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of fuel or lubricating pump imports in 2021 were Indonesia (X units), Japan (X units), South Korea (X units), China (X units), India (X units) and Thailand (X units), together accounting for 72% of total import. It was distantly followed by the United Arab Emirates (X units), achieving a 4.7% share of total imports. Turkey (X units), Taiwan (Chinese) (X units), Vietnam (X units), Malaysia (X units) and Pakistan (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Japan (with a CAGR of +12.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fuel or lubricating pump importing markets in Asia were China ($X), South Korea ($X) and Japan ($X), together comprising 50% of total imports. These countries were followed by India, Turkey, Thailand, Indonesia, the United Arab Emirates, Malaysia, Vietnam, Taiwan (Chinese) and Pakistan, which together accounted for a further 37%.

In terms of the main importing countries, Pakistan, with a CAGR of +10.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, surging by 3.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2020 when the import price increased by 20%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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