Indonesia: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Indonesia

The Indonesian liquid dispensing pump market rose rapidly to $X in 2021, increasing by 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a noticeable decrease. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Liquid Dispensing Pump Exports

Exports from Indonesia

Liquid dispensing pump exports from Indonesia reduced markedly to X units in 2021, which is down by -52.4% against the previous year's figure. In general, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2020 when exports increased by 464%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, liquid dispensing pump exports shrank significantly to $X in 2021. Overall, exports saw a significant decrease. The pace of growth was the most pronounced in 2020 with an increase of 339% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X units), South Korea (X units) and Timor-Leste (X units) were the main destinations of liquid dispensing pump exports from Indonesia, with a combined 92% share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +31.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X) emerged as the key foreign market for pumps for dispensing liquids exports from Indonesia, comprising 43% of total exports. The second position in the ranking was taken by Thailand ($X), with a 6.9% share of total exports. It was followed by South Korea, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to -24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-1.9% per year) and South Korea (+15.6% per year).

Export Prices by Country

The average liquid dispensing pump export price stood at $X per unit in 2021, picking up by 30% against the previous year. Overall, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 121%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Thailand ($X per unit), while the average price for exports to South Korea ($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 Maldives (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Dispensing Pump Imports

Imports into Indonesia

In 2021, supplies from abroad of pumps for dispensing liquids decreased by -0.8% to X units, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 36% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, liquid dispensing pump imports rose sharply to $X in 2021. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest liquid dispensing pump supplier to Indonesia, accounting for a 51% share of total imports. Moreover, liquid dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sixfold. Japan (X units) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-3.4% per year) and Japan (-12.7% per year).

In value terms, China ($X), Japan ($X) and the United States ($X) constituted the largest liquid dispensing pump suppliers to Indonesia, with a combined 54% share of total imports. These countries were followed by Australia, South Korea, Germany, Malaysia, Singapore, Spain and Taiwan (Chinese), which together accounted for a further 32%.

Australia, with a CAGR of +8.1%, 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 a decline.

Import Prices by Country

In 2021, the average liquid dispensing pump import price amounted to $X per unit, surging by 14% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 32% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Malaysia ($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 States (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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