Asia: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Asia

After nine years of growth, the Asian positive displacement pump market decreased by -0.5% to $X in 2021. In general, consumption posted a remarkable increase. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Positive Displacement Pump Production in Asia

In value terms, positive displacement pump production declined modestly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 23%. Over the period under review, production attained the peak level at $X in 2020, and then fell modestly in the following year.

Positive Displacement Pump Exports

Exports in Asia

In 2021, after four years of growth, there was significant decline in shipments abroad of positive displacement pumps and hand pumps, when their volume decreased by -38.7% to X units. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 156% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020, and then dropped dramatically in the following year.

In value terms, positive displacement pump exports dropped sharply to $X in 2021. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 92%. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

China prevails in exports structure, resulting at X units, which was approx. 96% of total exports in 2021. Thailand (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to positive displacement pump exports from China stood at +16.2%. At the same time, Thailand (+22.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.8% from 2012-2021. From 2012 to 2021, the share of China increased by +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest positive displacement pump supplier in Asia, comprising 78% of total exports. The second position in the ranking was taken by Thailand ($X), with a 6.8% share of total exports.

In China, positive displacement pump exports increased at an average annual rate of +16.7% over the period from 2012-2021.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, surging by 20% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2016 when the export price increased by 112%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.4%).

Positive Displacement Pump Imports

Imports in Asia

After four years of growth, supplies from abroad of positive displacement pumps and hand pumps decreased by -12.5% to X units in 2021. Over the period under review, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 75% against the previous year. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, positive displacement pump imports contracted rapidly to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 +38.7% against 2014 indices. The growth pace was the most rapid in 2020 with an increase of 30%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

Thailand was the key importing country with an import of around X units, which finished at 34% of total imports. Turkey (X units) ranks second in terms of the total imports with a 12% share, followed by Japan (9.7%), Indonesia (8.7%), South Korea (8.4%), China (7.5%) and Cambodia (4.8%).

Imports into Thailand increased at an average annual rate of +21.5% from 2012 to 2021. At the same time, South Korea (+39.9%), Cambodia (+13.1%), Indonesia (+12.7%), China (+12.5%), Turkey (+5.6%) and Japan (+3.6%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of +39.9% from 2012-2021. Thailand (+17 p.p.) and South Korea (+7.2 p.p.) significantly strengthened its position in terms of the total imports, while Turkey and Japan saw its share reduced by -9.8% and -11.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest positive displacement pump importing markets in Asia were Japan ($X), Thailand ($X) and South Korea ($X), together accounting for 43% of total imports.

Among the main importing countries, South Korea, with a CAGR of +26.9%, 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, falling by -5.1% against the previous year. In general, the import price showed a abrupt descent. The growth pace was the most rapid in 2016 when the import price increased by 26%. 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 country of destination: the country with the highest price was Japan ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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