Asia: 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 Asia

After five years of growth, the Asian market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -17.8% to $X in 2021. Overall, consumption, however, posted a notable expansion. As a result, consumption reached the peak level of $X, and then shrank sharply in the following year.

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

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps shrank to $X in 2021 estimated in export price. In general, production, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2020 with an increase of 46%. As a result, production attained the peak level of $X, and then declined in the following year.

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

Exports in Asia

In 2021, overseas shipments of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by 26% to X units, rising for the fifth consecutive year after two years of decline. In general, exports enjoyed a mild increase. The growth pace was the most rapid in 2018 when exports increased by 366% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps surged to $X in 2021. The total export value increased at an average annual rate of +4.6% 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

China represented the major exporting country with an export of about X units, which accounted for 76% of total exports. Japan (X units) ranks second in terms of the total exports with an 11% share, followed by South Korea (7.6%). Thailand (X units) took a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps. At the same time, Thailand (+19.2%), Japan (+6.0%) and South Korea (+4.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +19.2% from 2012-2021. While the share of Japan (+3.4 p.p.) and South Korea (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of exports in 2021, with a combined 87% share of total exports.

South Korea, with a CAGR of +12.0%, 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

The export price in Asia stood at $X per unit in 2021, standing approx. at the previous year. In general, the export price recorded moderate growth. The growth pace was the most rapid in 2016 when the export price increased by 495% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat 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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.2%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia

In 2021, purchases abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by 20% to X units, rising for the fifth consecutive year after two years of decline. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.5% against 2016 indices. The pace of growth appeared the most rapid in 2020 with an increase of 21%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps surged to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some 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

In 2021, Turkey (X units), distantly followed by China (X units) and Japan (X units) represented the main importers of hydraulic pumps (gear or vane) and other rotary positive displacement pumps, together generating 74% of total imports. India (X units), Thailand (X units), the United Arab Emirates (X units), South Korea (X units), Bangladesh (X units), Vietnam (X units), Iran (X units) and Iraq (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +16.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported hydraulic pumps (gear or vane) and other rotary positive displacement pumps in Asia, comprising 47% of total imports. The second position in the ranking was taken by Japan ($X), with an 8.5% share of total imports. It was followed by Turkey, with a 6.3% share.

In China, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps expanded at an average annual rate of +5.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+4.1% per year) and Turkey (+8.9% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, picking up by 4.3% against the previous year. In general, the import price, however, continues to indicate a perceptible decrease. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 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 China ($X per unit), while Turkey ($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 (+18.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform