China: Pump For Liquid Market 2024

Pump For Liquid Market Size in China

The Chinese pump for liquid market surged to $X in 2021, growing by 52% against the previous year. In general, consumption enjoyed a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pump For Liquid Production in China

In value terms, pump for liquid production declined notably to $X in 2021 estimated in export price. Over the period under review, production, however, posted a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 59%. As a result, production reached the peak level of $X, and then contracted sharply in the following year.

Pump For Liquid Exports

Exports from China

After four years of growth, shipments abroad of pumps for liquids and liquid elevators decreased by -36.6% to X units in 2021. Over the period under review, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 136%. Over the period under review, the exports attained the peak figure at X units in 2020, and then reduced remarkably in the following year.

In value terms, pump for liquid exports soared to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.9% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for pump for liquid exports from China, accounting for a 18% share of total exports. Moreover, pump for liquid exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), fourfold. The UK (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+21.9% per year) and the UK (+21.5% per year).

In value terms, the United States ($X) remains the key foreign market for pumps for liquids and liquid elevators exports from China, comprising 14% of total exports. The second position in the ranking was held by Indonesia ($X), with a 4.8% share of total exports. It was followed by Russia, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+3.6% per year) and Russia (+8.9% per year).

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, increasing by 93% against the previous year. In general, the export price, however, showed a abrupt decrease. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the UK ($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 Mexico (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into China

In 2021, overseas purchases of pumps for liquids and liquid elevators increased by 5.6% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 67%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, pump for liquid imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X units), Japan (X units) and Taiwan (Chinese) (X units) were the main suppliers of pump for liquid imports to China, with a combined 58% share of total imports. These countries were followed by Italy, Germany, France, the Netherlands, the United States and Indonesia, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +38.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pump for liquid suppliers to China were Germany ($X), Japan ($X) and the United States ($X), with a combined 58% share of total imports. Italy, South Korea, France, Taiwan (Chinese), the Netherlands and Indonesia lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, Indonesia, with a CAGR of +35.1%, saw the highest growth rate of 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

In 2021, the average pump for liquid import price amounted to $X per unit, picking up by 14% against the previous year. Overall, the import price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 66% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($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 (+77.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform