Italy: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Italy

For the fourth consecutive year, the Italian positive displacement pump market recorded growth in sales value, which increased by 22% to $X in 2021. Overall, consumption, however, showed prominent growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Positive Displacement Pump Production in Italy

In value terms, positive displacement pump production declined sharply to $X in 2021 estimated in export price. In general, production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 499% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted notably in the following year.

Positive Displacement Pump Exports

Exports from Italy

In 2021, shipments abroad of positive displacement pumps and hand pumps increased by 67% to X units, rising for the fourth consecutive year after two years of decline. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 85%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, positive displacement pump exports skyrocketed to $X in 2021. Overall, total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.4% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), the UK (X units) and Germany (X units) were the main destinations of positive displacement pump exports from Italy, with a combined 75% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +69.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Germany ($X) appeared to be the largest markets for positive displacement pump exported from Italy worldwide, with a combined 36% share of total exports. These countries were followed by the UK, Spain, China, Israel, Brazil, Turkey, Finland and South Africa, which together accounted for a further 24%.

Israel, with a CAGR of +31.1%, recorded 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 positive displacement pump export price stood at $X per unit in 2021, falling by -13.6% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 41% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to South Africa ($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 France (+4.5%), while the prices for the other major destinations experienced a decline.

Positive Displacement Pump Imports

Imports into Italy

In 2021, supplies from abroad of positive displacement pumps and hand pumps decreased by -35.5% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. As a result, imports attained the peak of X units, and then declined remarkably in the following year.

In value terms, positive displacement pump imports shrank to $X in 2021. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 59%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of positive displacement pump to Italy, accounting for a 44% share of total imports. Moreover, positive displacement pump imports from China exceeded the figures recorded by the second-largest supplier, France (X units), twofold. Germany (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+27.3% per year) and Germany (-6.7% per year).

In value terms, China ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Italy, comprising 51% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and France (+21.6% per year).

Import Prices by Country

In 2021, the average positive displacement pump import price amounted to $X per unit, jumping by 44% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, positive displacement pump import price increased by +70.4% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for Belarus (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+73.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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