Eastern Asia: Pump For Liquid Market 2024

Pump For Liquid Market Size in Eastern Asia

In 2021, after three years of decline, there was significant growth in the East Asian pump for liquid market, when its value increased by 37% to $X. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pump For Liquid Production in Eastern Asia

In value terms, pump for liquid production contracted sharply to $X in 2021 estimated in export price. Overall, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. As a result, production reached the peak level of $X, and then fell notably in the following year.

Pump For Liquid Exports

Exports in Eastern Asia

In 2021, overseas shipments of pumps for liquids and liquid elevators decreased by -35.4% to X units for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2018 when exports increased by 116% against the previous year. The volume of export peaked at X units in 2020, and then declined markedly in the following year.

In value terms, pump for liquid exports soared to $X in 2021. The total export value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 95% of total exports in 2021. Japan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the pumps for liquids and liquid elevators exports, with a CAGR of +15.2% from 2012 to 2021. Japan experienced a relatively flat trend pattern. China (+11 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -4.8% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest pump for liquid supplier in Eastern Asia, comprising 62% of total exports. The second position in the ranking was held by Japan ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +7.8%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, picking up by 87% against the previous year. In general, the export price, however, showed a deep contraction. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-1.7%).

Pump For Liquid Imports

Imports in Eastern Asia

In 2021, overseas purchases of pumps for liquids and liquid elevators increased by 3.9% to X units, rising for the fourth year in a row after three years of decline. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.7% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 17%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, pump for liquid imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor 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

The countries with the highest levels of pump for liquid imports in 2021 were Japan (X units), South Korea (X units) and China (X units), together resulting at 87% of total import. It was distantly followed by Taiwan (Chinese) (X units), achieving a 9.8% share of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +7.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported pumps for liquids and liquid elevators in Eastern Asia, comprising 58% of total imports. The second position in the ranking was held by South Korea ($X), with a 21% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +3.3%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+1.2% per year) and Japan (+3.7% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, with an increase of 21% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform