Asia-Pacific: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Asia-Pacific

After two years of growth, the Asia-Pacific liquid dispensing pump market decreased by -28.8% to $X in 2021. The total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then fell notably in the following year.

Liquid Dispensing Pump Production in Asia-Pacific

In value terms, liquid dispensing pump production dropped rapidly to $X in 2021 estimated in export price. The total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +54.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 108%. As a result, production reached the peak level of $X, and then plummeted in the following year.

Liquid Dispensing Pump Exports

Exports in Asia-Pacific

In 2021, overseas shipments of pumps for dispensing liquids were finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, showed a perceptible setback. The growth pace was the most rapid in 2016 when exports increased by 20%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, liquid dispensing pump exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X units) was the major exporter of pumps for dispensing liquids, constituting 62% of total exports. It was distantly followed by India (X units), committing a 21% share of total exports. The following exporters - South Korea (X units), Thailand (X units), Japan (X units) and Australia (X units) - together made up 14% of total exports.

Exports from China increased at an average annual rate of +7.8% from 2012 to 2021. At the same time, Australia (+26.1%) and India (+14.8%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +26.1% from 2012-2021. By contrast, Japan (-3.6%), South Korea (-5.1%) and Thailand (-9.1%) illustrated a downward trend over the same period. While the share of China (+36 p.p.), India (+16 p.p.) and Australia (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-3.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest liquid dispensing pump supplier in Asia-Pacific, comprising 49% of total exports. The second position in the ranking was held by Japan ($X), with an 8.7% share of total exports. It was followed by India, with a 4.5% share.

In China, liquid dispensing pump exports increased at an average annual rate of +10.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+0.6% per year) and India (-1.7% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, picking up by 4.9% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid dispensing pump export price increased by +60.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 41% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per unit), while India ($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 (+12.8%), while the other leaders experienced more modest paces of growth.

Liquid Dispensing Pump Imports

Imports in Asia-Pacific

Liquid dispensing pump imports was estimated at X units in 2021, with an increase of 10% compared with the previous year's figure. Overall, imports, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2018 with an increase of 44% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid dispensing pump imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China was the main importing country with an import of about X units, which accounted for 30% of total imports. Indonesia (X units) ranks second in terms of the total imports with a 13% share, followed by India (10%), Thailand (6.4%), Japan (6.4%), South Korea (6.2%), Taiwan (Chinese) (6.1%), Bangladesh (6%) and Vietnam (4.6%).

Imports into China increased at an average annual rate of +20.6% from 2012 to 2021. At the same time, Bangladesh (+35.6%), India (+34.6%) and Taiwan (Chinese) (+10.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +35.6% from 2012-2021. Vietnam experienced a relatively flat trend pattern. By contrast, Japan (-10.1%), Indonesia (-11.0%), Thailand (-12.5%) and South Korea (-13.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, India, Bangladesh and Taiwan (Chinese) increased by +26, +9.5, +5.7 and +4.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported pumps for dispensing liquids in Asia-Pacific, comprising 51% of total imports. The second position in the ranking was held by South Korea ($X), with a 7.1% share of total imports. It was followed by Thailand, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +6.6%. In the other countries, the average annual rates were as follows: South Korea (-0.6% per year) and Thailand (-9.5% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, jumping by 19% against the previous year. Import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid dispensing pump import price increased by +99.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 67% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

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 (+14.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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