Asia: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Asia

After two years of growth, the Asian liquid dispensing pump market decreased by -25.2% to $X in 2021. The total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then dropped rapidly in the following year.

Liquid Dispensing Pump Production in Asia

In value terms, liquid dispensing pump production contracted dramatically to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +40.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 81%. As a result, production attained the peak level of $X, and then plummeted in the following year.

Liquid Dispensing Pump Exports

Exports in Asia

In 2021, overseas shipments of pumps for dispensing liquids were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, showed a slight contraction. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, liquid dispensing pump exports soared to $X in 2021. The total export value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed 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 main exporter of pumps for dispensing liquids in Asia, with the volume of exports reaching X units, which was near 52% of total exports in 2021. India (X units) took the second position in the ranking, followed by the United Arab Emirates (X units) and Turkey (X units). All these countries together took near 33% share of total exports. The following exporters - South Korea (X units), Thailand (X units) and Japan (X units) - each recorded an 8.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to liquid dispensing pump exports from China stood at +7.8%. At the same time, the United Arab Emirates (+21.0%) and India (+14.8%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +21.0% from 2012-2021. By contrast, Japan (-3.6%), South Korea (-5.1%), Turkey (-6.1%) and Thailand (-9.1%) illustrated a downward trend over the same period. China (+29 p.p.), India (+13 p.p.) and the United Arab Emirates (+9.1 p.p.) significantly strengthened its position in terms of the total exports, while Turkey and Thailand saw its share reduced by -2.6% and -3.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest liquid dispensing pump supplier in Asia, comprising 42% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.6% share of total exports. It was followed by Japan, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +10.8%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+21.4% per year) and Japan (+0.6% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, rising by 2.5% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.6% 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 export price increased by +53.2% against 2017 indices. The growth pace was the most rapid in 2013 when the export price increased by 29% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

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

In 2021, liquid dispensing pump imports in Asia expanded remarkably to X units, picking up by 8.1% on 2020. Over the period under review, imports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2018 when imports increased by 25% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, liquid dispensing pump imports surged to $X in 2021. The total import value increased at an average annual rate of +1.3% 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

In 2021, China (X units), distantly followed by Indonesia (X units), Oman (X units), India (X units), Saudi Arabia (X units), Thailand (X units), Japan (X units), the United Arab Emirates (X units), South Korea (X units), Taiwan (Chinese) (X units) and Bangladesh (X units) were the largest importers of pumps for dispensing liquids, together constituting 83% of total imports.

From 2012 to 2021, average annual rates of growth with regard to liquid dispensing pump imports into China stood at +20.6%. At the same time, Bangladesh (+35.6%), India (+34.6%), Saudi Arabia (+13.5%) and Taiwan (Chinese) (+10.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of +35.6% from 2012-2021. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Oman (-1.7%), Japan (-10.1%), Indonesia (-11.0%), Thailand (-12.5%) and South Korea (-13.5%) illustrated a downward trend over the same period. China (+20 p.p.), India (+7.3 p.p.), Saudi Arabia (+5 p.p.), Bangladesh (+4.4 p.p.), Taiwan (Chinese) (+3.3 p.p.) and the United Arab Emirates (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Japan, Thailand, South Korea and Indonesia saw its share reduced by -3.9%, -6.4%, -7.4% and -9.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported pumps for dispensing liquids in Asia, comprising 42% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 13% share of total imports. It was followed by South Korea, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +6.6%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+5.6% per year) and South Korea (-0.6% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, increasing by 18% against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.5% 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 +79.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 53%. Over the period under review, import prices attained the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while Oman ($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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