Asia-Pacific: 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-Pacific

The Asia-Pacific fuel or lubricating pump market shrank rapidly to $X in 2021, falling by -20.5% against the previous year. Overall, consumption continues to indicate a mild slump. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

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

In value terms, fuel or lubricating pump production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 31%. As a result, production attained the peak level of $X, and then shrank in the following year.

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

Exports in Asia-Pacific

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 +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, fuel or lubricating pump exports soared to $X in 2021. The total export value increased at an average annual rate of +4.8% 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.

Exports by Country

China was the key exporter of fuel, lubricating or cooling-medium pumps for internal combustion engines in Asia-Pacific, with the volume of exports amounting to X units, which was near 49% of total exports in 2021. Japan (X units) held the second position in the ranking, distantly followed by South Korea (X units). All these countries together held near 41% share of total exports. The following exporters - Thailand (X units) and India (X units) - together made up 7% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +12.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2021, with a combined 79% share of total exports.

Among the main exporting countries, China, with a CAGR of +10.1%, recorded the highest growth rate of 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-Pacific amounted to $X per unit, approximately equating the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2015 an increase of 29%. Over the period under review, the export prices attained the maximum at $X per unit in 2020, and then declined modestly in the following year.

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-Pacific

In 2021, after two years of decline, there was significant growth in supplies from abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines, when their volume increased by 27% to X units. In general, imports, however, continue to indicate a slight reduction. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, fuel or lubricating pump imports soared 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 relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X units), Japan (X units), South Korea (X units), China (X units), India (X units) and Thailand (X units) represented roughly 85% of total imports in 2021. Taiwan (Chinese) (X units) and Vietnam (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key 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-Pacific were China ($X), South Korea ($X) and Japan ($X), with a combined 59% share of total imports. These countries were followed by India, Thailand, Indonesia, Vietnam and Taiwan (Chinese), which together accounted for a further 26%.

Vietnam, with a CAGR of +9.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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-Pacific stood at $X per unit in 2021, rising by 3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2020 an increase of 20%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: 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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