Indonesia: Pump For Liquid Market 2024

Pump For Liquid Market Size in Indonesia

In 2021, the Indonesian pump for liquid market was finally on the rise to reach $X after two years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Pump For Liquid Exports

Exports from Indonesia

In 2021, approx. X units of pumps for liquids and liquid elevators were exported from Indonesia; surging by 12% on 2020. Over the period under review, exports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 59%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, pump for liquid exports rose rapidly to $X in 2021. In general, exports, however, saw a pronounced descent. The pace of growth was the most pronounced in 2019 with an increase of 19%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units), the United States (X units) and Singapore (X units) were the main destinations of pump for liquid exports from Indonesia, together accounting for 61% of total exports. Timor-Leste, Malaysia, Thailand, Japan, India, Maldives, China, Brazil and Taiwan (Chinese) lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +52.5%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for pumps for liquids and liquid elevators exports from Indonesia, comprising 32% of total exports. The second position in the ranking was taken by Thailand ($X), with a 10% share of total exports. It was followed by Singapore, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-7.9% per year) and Singapore (-7.7% per year).

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, which is down by -1.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 98% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Maldives ($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 China (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Indonesia

In 2021, approx. X units of pumps for liquids and liquid elevators were imported into Indonesia; with an increase of 15% compared with 2020 figures. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 16%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, pump for liquid imports surged to $X in 2021. Over the period under review, imports, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 37%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest pump for liquid supplier to Indonesia, with a 79% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. Thailand (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-11.5% per year) and Thailand (+0.6% per year).

In value terms, China ($X), Japan ($X) and Thailand ($X) appeared to be the largest pump for liquid suppliers to Indonesia, together comprising 61% of total imports.

Thailand, with a CAGR of +3.9%, saw the highest growth rate of 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

The average pump for liquid import price stood at $X per unit in 2021, with an increase of 4.3% against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2017 when the average import price increased by 32%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform