Eastern Asia: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Eastern Asia

For the seventh consecutive year, the East Asian positive displacement pump market recorded growth in sales value, which increased by 52% to $X in 2021. Over the period under review, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Positive Displacement Pump Production in Eastern Asia

In value terms, positive displacement pump production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 81% against the previous year. As a result, production attained the peak level of $X, and then dropped dramatically in the following year.

Positive Displacement Pump Exports

Exports in Eastern Asia

In 2021, shipments abroad of positive displacement pumps and hand pumps decreased by -39.3% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 166% against the previous year. The volume of export peaked at X units in 2020, and then contracted sharply in the following year.

In value terms, positive displacement pump exports shrank significantly to $X in 2021. Over the period under review, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by 107%. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

The shipments of the one major exporters of positive displacement pumps and hand pumps, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the positive displacement pumps and hand pumps exports, with a CAGR of +16.2% from 2012 to 2021. While the share of China (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest positive displacement pump supplier in Eastern Asia.

In China, positive displacement pump exports increased at an average annual rate of +16.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, jumping by 15% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 115% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +0.4% per year.

Positive Displacement Pump Imports

Imports in Eastern Asia

In 2021, supplies from abroad of positive displacement pumps and hand pumps increased by 0.9% to X units, rising for the fifth year in a row after two years of decline. Overall, imports posted a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by 35%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, positive displacement pump imports dropped to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 29%. The level of import peaked at $X in 2020, and then fell in the following year.

Imports by Country

The purchases of the three major importers of positive displacement pumps and hand pumps, namely Japan, South Korea and China, represented more than two-thirds of total import. It was distantly followed by Taiwan (Chinese) (X units), creating a 9.8% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of +39.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported positive displacement pumps and hand pumps in Eastern Asia, comprising 50% of total imports. The second position in the ranking was taken by South Korea ($X), with a 21% share of total imports. It was followed by China, with an 18% share.

From 2012 to 2021, the average annual growth rate of value in Japan amounted to +5.3%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+26.9% per year) and China (-0.7% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, declining by -8.8% against the previous year. In general, the import price showed a perceptible decline. The growth pace was the most rapid in 2016 when the import price increased by 33%. The level of import 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 importing 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 Japan (+1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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