Eastern Asia: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Eastern Asia

In 2021, after four years of growth, there was significant decline in the East Asian fuel or lubricating pump market, when its value decreased by -31% to $X. Over the period under review, consumption continues to indicate a pronounced contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Eastern Asia

In value terms, fuel or lubricating pump production contracted to $X in 2021 estimated in export price. In general, production recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 16%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports in Eastern Asia

In 2021, shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines was finally on the rise to reach X units after three years of decline. The total export volume increased at an average annual rate of +3.8% 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.

In value terms, fuel or lubricating pump exports soared to $X in 2021. The total export value increased at an average annual rate of +4.5% 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 reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) represented the key exporter of fuel, lubricating or cooling-medium pumps for internal combustion engines, comprising 54% of total exports. Japan (X units) ranks second in terms of the total exports with a 27% share, followed by South Korea (17%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of +12.6%), while the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +10.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, approximately mirroring the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 35% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, 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 South Korea (+7.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports in Eastern Asia

In 2021, after two years of decline, there was significant growth in supplies from abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines, when their volume increased by 21% to X units. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, fuel or lubricating pump imports surged to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X units), South Korea (X units) and China (X units) represented the major importer of fuel, lubricating or cooling-medium pumps for internal combustion engines in Eastern Asia, creating 92% of total import. It was distantly followed by Taiwan (Chinese) (X units), creating a 7.4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Japan (with a CAGR of +12.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest fuel or lubricating pump importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together comprising 97% of total imports.

In terms of the main importing countries, China, with a CAGR of +4.6%, recorded 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 import price in Eastern Asia amounted to $X per unit, growing by 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2020 an increase of 27% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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