Japan: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Japan

In 2021, the Japanese positive displacement pump market decreased by -7.9% to $X for the first time since 2014, thus ending a six-year rising trend. Overall, consumption, however, posted a resilient increase. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Positive Displacement Pump Production in Japan

In value terms, positive displacement pump production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 116% against the previous year. Positive displacement pump production peaked at $X in 2020, and then shrank slightly in the following year.

Positive Displacement Pump Exports

Exports from Japan

In 2021, overseas shipments of positive displacement pumps and hand pumps were finally on the rise to reach X units after two years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 37% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, positive displacement pump exports dropped slightly to $X in 2021. Over the period under review, exports, however, showed a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of 34% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for positive displacement pump exports from Japan, with a 33% share of total exports. Moreover, positive displacement pump exports to the United States exceeded the volume sent to the second major destination, China (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-4.5% per year) and Taiwan (Chinese) (+9.5% per year).

In value terms, the largest markets for positive displacement pump exported from Japan were the United States ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 61% share of total exports.

Taiwan (Chinese), with a CAGR of +10.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average positive displacement pump export price amounted to $X per unit, which is down by -4.3% against the previous year. Overall, the export price saw a mild setback. The growth pace was the most rapid in 2020 when the average export price increased by 11%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Indonesia ($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 (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Positive Displacement Pump Imports

Imports into Japan

After five years of growth, overseas purchases of positive displacement pumps and hand pumps decreased by -13.4% to X units in 2021. Over the period under review, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at X units in 2020, and then contracted in the following year.

In value terms, positive displacement pump imports contracted to $X in 2021. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 39%. Over the period under review, imports hit record highs at $X in 2020, and then contracted in the following year.

Imports by Country

China (X units), Thailand (X units) and South Korea (X units) were the main suppliers of positive displacement pump imports to Japan, with a combined 92% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +7.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest positive displacement pump suppliers to Japan were China ($X), Thailand ($X) and South Korea ($X), together comprising 87% of total imports.

Thailand, with a CAGR of +10.5%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average positive displacement pump import price amounted to $X per unit, remaining constant against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 an increase of 17%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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