Asia-Pacific: Pump For Liquid Market 2024

Pump For Liquid Market Size in Asia-Pacific

The Asia-Pacific pump for liquid market rose notably to $X in 2021, surging by 7.8% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +76.2% against 2015 indices. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Pump For Liquid Production in Asia-Pacific

In value terms, pump for liquid production declined to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +51.4% against 2015 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 36%. As a result, production attained the peak level of $X, and then fell in the following year.

Pump For Liquid Exports

Exports in Asia-Pacific

In 2021, after four years of growth, there was significant decline in overseas shipments of pumps for liquids and liquid elevators, when their volume decreased by -34.6% to X units. Over the period under review, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by 106% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then contracted significantly in the following year.

In value terms, pump for liquid exports surged to $X in 2021. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was approx. 91% of total exports in 2021. The following exporters - Japan (X units) and Thailand (X units) - each recorded a 4.6% share of total exports.

China was also the fastest-growing in terms of the pumps for liquids and liquid elevators exports, with a CAGR of +15.2% from 2012 to 2021. At the same time, Thailand (+14.4%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. China (+11 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -4.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pump for liquid supplier in Asia-Pacific, comprising 53% of total exports. The second position in the ranking was held by Japan ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +7.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-1.2% per year) and Thailand (+5.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, rising by 84% against the previous year. Overall, the export price, however, recorded a abrupt setback. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Japan (-1.7%), while the other leaders experienced a decline in the export price figures.

Pump For Liquid Imports

Imports in Asia-Pacific

In 2021, purchases abroad of pumps for liquids and liquid elevators decreased by -6.1% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by 62% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, pump for liquid imports surged to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand was the major importing country with an import of about X units, which reached 33% of total imports. Indonesia (X units) held the second position in the ranking, followed by Japan (X units), South Korea (X units) and China (X units). All these countries together held near 47% share of total imports. The following importers - Australia (X units) and Taiwan (Chinese) (X units) - each accounted for a 7.9% share 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, Australia (+15.6%), China (+7.8%), Taiwan (Chinese) (+7.6%), South Korea (+7.1%), Indonesia (+3.1%) and Japan (+3.0%) displayed positive paces of growth. While the share of Thailand (+17 p.p.) and Australia (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-6.8 p.p.) and Indonesia (-7.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported pumps for liquids and liquid elevators in Asia-Pacific, comprising 33% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by Japan, with an 8.2% share.

In China, pump for liquid imports increased at an average annual rate of +3.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+1.2% per year) and Japan (+3.7% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, increasing by 34% 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 stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform