Eastern Asia: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Eastern Asia

After two years of growth, the East Asian liquid dispensing pump market decreased by -30.6% to $X in 2021. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Liquid Dispensing Pump Production in Eastern Asia

In value terms, liquid dispensing pump production declined to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 45% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Liquid Dispensing Pump Exports

Exports in Eastern Asia

In 2021, overseas shipments of pumps for dispensing liquids increased by 13% to X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a slight decrease. The pace of growth was the most pronounced in 2017 with an increase of 28%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, liquid dispensing pump exports surged to $X in 2021. The total export value increased at an average annual rate of +6.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 36% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X units, which was near 88% of total exports in 2021. South Korea (X units) held a 5.4% share (based on physical terms) of total exports, which put it in second place, followed by Japan (4.7%).

China was also the fastest-growing in terms of the pumps for dispensing liquids exports, with a CAGR of +7.8% from 2012 to 2021. Japan (-3.6%) and South Korea (-5.1%) illustrated a downward trend over the same period. China (+49 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest liquid dispensing pump supplier in Eastern Asia, comprising 71% of total exports. The second position in the ranking was taken by Japan ($X), with a 12% share of total exports.

In China, liquid dispensing pump exports expanded at an average annual rate of +10.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+0.6% per year) and South Korea (+7.0% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, increasing by 4.5% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid dispensing pump export price increased by +102.9% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 45% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices 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 (+12.8%), while the other leaders experienced more modest paces of growth.

Liquid Dispensing Pump Imports

Imports in Eastern Asia

In 2021, approx. X units of pumps for dispensing liquids were imported in Eastern Asia; with an increase of 2.1% on the previous year. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 36% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, liquid dispensing pump imports surged to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.0% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 34%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X units) was the key importer of pumps for dispensing liquids, constituting 61% of total imports. It was distantly followed by Japan (X units), South Korea (X units) and Taiwan (Chinese) (X units), together comprising a 38% share of total imports.

China was also the fastest-growing in terms of the pumps for dispensing liquids imports, with a CAGR of +20.6% from 2012 to 2021. At the same time, Taiwan (Chinese) (+10.6%) displayed positive paces of growth. By contrast, Japan (-10.1%) and South Korea (-13.5%) illustrated a downward trend over the same period. China (+49 p.p.) and Taiwan (Chinese) (+7.2 p.p.) significantly strengthened its position in terms of the total imports, while Japan and South Korea saw its share reduced by -21.6% and -35% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported pumps for dispensing liquids in Eastern Asia, comprising 76% of total imports. The second position in the ranking was held by South Korea ($X), with a 10% share of total imports. It was followed by Japan, with a 6.1% share.

In China, liquid dispensing pump imports expanded at an average annual rate of +6.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-0.6% per year) and Japan (-6.4% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, rising by 30% against the previous year. Import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid dispensing pump import price increased by +66.1% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: 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 (+14.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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