India: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in India

In 2021, the Indian liquid dispensing pump market decreased by -66.4% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a abrupt setback. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Liquid Dispensing Pump Production in India

In value terms, liquid dispensing pump production declined notably to $X in 2021 estimated in export price. In general, production showed a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 56%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Liquid Dispensing Pump Exports

Exports from India

In 2021, the amount of pumps for dispensing liquids exported from India soared to X units, picking up by 51% compared with the year before. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 88%. The exports peaked at X units in 2016; afterwards, it flattened through to 2021.

In value terms, liquid dispensing pump exports reduced to $X in 2021. Overall, exports, however, continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 40%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for liquid dispensing pump exports from India, accounting for a 45% share of total exports. Moreover, liquid dispensing pump exports to the United States exceeded the volume sent to the second major destination, Nepal (X units), twofold. The third position in this ranking was taken by the United Arab Emirates (X units), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +42.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+24.6% per year) and the United Arab Emirates (+17.3% per year).

In value terms, the largest markets for liquid dispensing pump exported from India were the United States ($X), Thailand ($X) and Nepal ($X), with a combined 26% share of total exports. South Africa, Singapore, the United Arab Emirates, Turkey and Oman lagged somewhat behind, together comprising a further 12%.

South Africa, with a CAGR of +43.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average liquid dispensing pump export price stood at $X per unit in 2021, waning by -40% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 65%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while the average price for exports to Nepal ($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 Turkey (+5.0%), while the prices for the other major destinations experienced a decline.

Liquid Dispensing Pump Imports

Imports into India

In 2021, approx. X units of pumps for dispensing liquids were imported into India; with an increase of 10% against the previous year's figure. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 226%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, liquid dispensing pump imports surged to $X in 2021. In general, imports posted a modest expansion. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest liquid dispensing pump supplier to India, accounting for a 68% share of total imports. Moreover, liquid dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. The third position in this ranking was taken by Poland (X units), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +51.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+32.6% per year) and Poland (+170.6% per year).

In value terms, the largest liquid dispensing pump suppliers to India were Poland ($X), the United States ($X) and Germany ($X), with a combined 71% share of total imports.

Poland, with a CAGR of +92.6%, recorded the highest growth rate of the value of imports, among 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 liquid dispensing pump import price amounted to $X per unit, picking up by 148% against the previous year. Overall, the import price, however, saw a precipitous slump. The most prominent rate of growth was recorded in 2020 an increase of 226%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-13.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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