Asia: Pump For Liquid Market 2024

Pump For Liquid Market Size in Asia

In 2021, the Asian pump for liquid market increased by 11% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +26.6% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Pump For Liquid Production in Asia

In value terms, pump for liquid production declined to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +6.4% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of 36%. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Pump For Liquid Exports

Exports in Asia

In 2021, overseas shipments of pumps for liquids and liquid elevators decreased by -34.4% to X units for the first time since 2016, thus ending a four-year rising trend. In general, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2018 with an increase of 105%. Over the period under review, the exports reached the maximum at X units in 2020, and then shrank 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 +4.8% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X units, which was approx. 91% of total exports in 2021. The following exporters - Japan (X units) and Thailand (X units) - each finished at 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 (+12 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 ($X) remains the largest pump for liquid supplier in Asia, comprising 49% of total exports. The second position in the ranking was held by Japan ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +7.8%. In the other countries, the average annual rates were as follows: Japan (-1.2% per year) and Thailand (+5.9% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, increasing by 89% against the previous year. In general, the export price, however, saw a abrupt decrease. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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

In 2021, the amount of pumps for liquids and liquid elevators imported in Asia totaled X units, with an increase of 1.9% on 2020. In general, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 55%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, pump for liquid imports soared to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X units), distantly followed by Turkey (X units), Indonesia (X units), Japan (X units), South Korea (X units) and China (X units) were the largest importers of pumps for liquids and liquid elevators, together committing 78% of total imports. The following importers - the United Arab Emirates (X units), Taiwan (Chinese) (X units), India (X units), Iran (X units) and Vietnam (X units) - together made up 12% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +21.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported pumps for liquids and liquid elevators in Asia, comprising 27% of total imports. The second position in the ranking was taken by South Korea ($X), with a 9.7% share of total imports. It was followed by Japan, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +3.3%. In the other countries, the average annual rates were as follows: South Korea (+1.2% per year) and Japan (+3.7% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, rising by 22% against the previous year. Over the period under review, the import price, however, saw a deep setback. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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