Italy: Pump For Liquid Market 2024

Pump For Liquid Market Size in Italy

After two years of growth, the Italian pump for liquid market decreased by -2.8% to $X in 2021. In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.1% against 2015 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell modestly in the following year.

Pump For Liquid Production in Italy

In value terms, pump for liquid production reached $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Pump For Liquid Exports

Exports from Italy

In 2021, overseas shipments of pumps for liquids and liquid elevators increased by 47% to X units, rising for the fourth year in a row after two years of decline. In general, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pump for liquid exports surged to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Poland (X units) and the United States (X units) were the main destinations of pump for liquid exports from Italy, together comprising 36% of total exports. These countries were followed by France, the UK, Turkey, China, the Czech Republic, Spain, Austria, the United Arab Emirates, the Netherlands and Switzerland, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +30.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and France ($X) constituted the largest markets for pump for liquid exported from Italy worldwide, with a combined 27% share of total exports. China, the UK, the Netherlands, Poland, Spain, Austria, Turkey, the Czech Republic, the United Arab Emirates and Switzerland lagged somewhat behind, together comprising a further 30%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +13.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pump for liquid export price amounted to $X per unit, declining by -19.5% against the previous year. In general, the export price saw a deep downturn. The growth pace was the most rapid in 2017 an increase of 7.9% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Poland ($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 Switzerland (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Pump For Liquid Imports

Imports into Italy

In 2021, after two years of growth, there was significant decline in overseas purchases of pumps for liquids and liquid elevators, when their volume decreased by -9.9% to X units. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.6% against 2013 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, pump for liquid imports surged to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pump for liquid to Italy, with a 43% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by France (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.1% per year) and France (+7.3% per year).

In value terms, Germany ($X) constituted the largest supplier of pumps for liquids and liquid elevators to Italy, comprising 27% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.4% per year) and France (-1.6% per year).

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2021, with an increase of 34% against the previous year. Overall, the import price, however, showed a mild setback. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for South Korea ($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 Netherlands (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform