China: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in China

For the third year in a row, the Chinese positive displacement pump market recorded growth in sales value, which increased by 140% to $X in 2021. Overall, consumption posted significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Positive Displacement Pump Production in China

In value terms, positive displacement pump production shrank remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 107% against the previous year. As a result, production attained the peak level of $X, and then fell significantly in the following year.

Positive Displacement Pump Exports

Exports from China

After four years of growth, overseas shipments of positive displacement pumps and hand pumps decreased by -39.5% to X units in 2021. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 173% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020, and then reduced dramatically in the following year.

In value terms, positive displacement pump exports declined markedly to $X in 2021. Overall, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 121%. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

The United States (X units) was the main destination for positive displacement pump exports from China, accounting for a 19% share of total exports. Moreover, positive displacement pump exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), fourfold. The third position in this ranking was taken by the UK (X units), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+25.5% per year) and the UK (+22.7% per year).

In value terms, the United States ($X) remains the key foreign market for positive displacement pumps and hand pumps exports from China, comprising 22% of total exports. The second position in the ranking was taken by South Korea ($X), with a 5.2% share of total exports. It was followed by Germany, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+26.5% per year) and Germany (+13.4% per year).

Export Prices by Country

In 2021, the average positive displacement pump export price amounted to $X per unit, growing by 13% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 119% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Turkey ($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 Germany (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Positive Displacement Pump Imports

Imports into China

In 2021, purchases abroad of positive displacement pumps and hand pumps increased by 13% to X units, rising for the fourth consecutive year after three years of decline. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 136%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, positive displacement pump imports contracted to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 16%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X units), South Korea (X units) and Japan (X units) were the main suppliers of positive displacement pump imports to China, with a combined 64% share of total imports. Italy, France, the Netherlands, the United States, Germany and Indonesia lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +41.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest positive displacement pump suppliers to China were the United States ($X), France ($X) and the Netherlands ($X), together comprising 43% of total imports.

The Netherlands, with a CAGR of +13.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average positive displacement pump import price stood at $X per unit in 2021, falling by -15.3% against the previous year. Overall, the import price faced a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 240% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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