India: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in India

After nine years of growth, the Indian positive displacement pump market decreased by -1.3% to $X in 2021. Overall, consumption, however, continues to indicate a prominent increase. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank modestly in the following year.

Positive Displacement Pump Production in India

In value terms, positive displacement pump production fell modestly to $X in 2021 estimated in export price. In general, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 35%. Over the period under review, production hit record highs at $X in 2020, and then declined modestly in the following year.

Positive Displacement Pump Exports

Exports from India

In 2021, the amount of positive displacement pumps and hand pumps exported from India skyrocketed to X units, rising by 105% on 2020. Over the period under review, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, positive displacement pump exports soared to $X in 2021. In general, total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.3% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 23%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Nigeria (X units) was the main destination for positive displacement pump exports from India, accounting for a 50% share of total exports. Moreover, positive displacement pump exports to Nigeria exceeded the volume sent to the second major destination, Nepal (X units), threefold. Ghana (X units) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Nigeria amounted to +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+28.0% per year) and Ghana (+14.3% per year).

In value terms, Nigeria ($X) remains the key foreign market for positive displacement pumps and hand pumps exports from India, comprising 27% of total exports. The second position in the ranking was held by Uganda ($X), with a 10% share of total exports. It was followed by Malawi, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Nigeria stood at +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+5.3% per year) and Malawi (+7.9% per year).

Export Prices by Country

The average positive displacement pump export price stood at $X per unit in 2021, with a decrease of -41.3% against the previous year. Overall, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 10% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Uganda ($X per unit), while the average price for exports to Nepal ($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 Uganda (-0.8%), while the prices for the other major destinations experienced a decline.

Positive Displacement Pump Imports

Imports into India

After nine years of growth, overseas purchases of positive displacement pumps and hand pumps decreased by -22.7% to X units in 2021. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 532% against the previous year. As a result, imports reached the peak of X units, and then reduced sharply in the following year.

In value terms, positive displacement pump imports reduced sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 245% against the previous year. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of positive displacement pump to India, with a 68% share of total imports. Moreover, positive displacement pump imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was taken by South Korea (X units), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +96.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+61.9% per year) and South Korea (+102.4% per year).

In value terms, China ($X), Germany ($X) and South Korea ($X) appeared to be the largest positive displacement pump suppliers to India, together comprising 64% of total imports. These countries were followed by the United States, France, Bangladesh and Poland, which together accounted for a further 14%.

France, with a CAGR of +85.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 positive displacement pump import price amounted to $X per unit, declining by -42.2% against the previous year. Over the period under review, the import price saw a precipitous curtailment. The growth pace was the most rapid in 2014 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (-25.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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