Australia: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Australia

After four years of growth, the Australian positive displacement pump market decreased by -20.1% to $X in 2021. Over the period under review, consumption, however, saw a buoyant increase. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Positive Displacement Pump Exports

Exports from Australia

In 2021, the amount of positive displacement pumps and hand pumps exported from Australia skyrocketed to X units, rising by 58% against the year before. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 327%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, positive displacement pump exports dropped slightly to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 115%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

South Korea (X units) was the main destination for positive displacement pump exports from Australia, with a 54% share of total exports. Moreover, positive displacement pump exports to South Korea exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by New Zealand (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea stood at +172.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+130.8% per year) and New Zealand (+10.6% per year).

In value terms, South Korea ($X) emerged as the key foreign market for positive displacement pumps and hand pumps exports from Australia, comprising 36% of total exports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total exports. It was followed by the United States, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea totaled +129.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-2.5% per year) and the United States (+73.6% per year).

Export Prices by Country

The average positive displacement pump export price stood at $X per unit in 2021, reducing by -37.6% against the previous year. Overall, the export price showed a dramatic decrease. The pace of growth was the most pronounced in 2018 an increase of 92% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-10.6%), while the prices for the other major destinations experienced a decline.

Positive Displacement Pump Imports

Imports into Australia

In 2021, overseas purchases of positive displacement pumps and hand pumps decreased by -13.9% to X units for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 89%. Over the period under review, imports attained the peak figure at X units in 2020, and then fell in the following year.

In value terms, positive displacement pump imports dropped significantly to $X in 2021. Overall, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 77% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Italy (X units) were the main suppliers of positive displacement pump imports to Australia, with a combined 71% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +29.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Australia, comprising 54% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by the United States, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.2% per year) and the United States (+2.1% per year).

Import Prices by Country

In 2021, the average positive displacement pump import price amounted to $X per unit, shrinking by -12.1% against the previous year. Over the period under review, the import price recorded a deep setback. The growth pace was the most rapid in 2017 when the average import price increased by 9.5%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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