Singapore: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Singapore

The Singaporean positive displacement pump market reached $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption recorded a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Positive Displacement Pump Production in Singapore

In value terms, positive displacement pump production totaled $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 2017 when the production volume increased by 171% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Positive Displacement Pump Exports

Exports from Singapore

In 2021, overseas shipments of positive displacement pumps and hand pumps decreased by -11.1% to X units, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 125% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, positive displacement pump exports dropped to $X in 2021. In general, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of 123%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X units), Malaysia (X units) and Taiwan (Chinese) (X units) were the main destinations of positive displacement pump exports from Singapore, with a combined 67% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +80.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) appeared to be the largest markets for positive displacement pump exported from Singapore worldwide, with a combined 75% share of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +49.7%, saw 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 positive displacement pump export price amounted to $X per unit, which is down by -3.6% against the previous year. Over the period under review, the export price saw a mild shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Myanmar ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Myanmar (+49.0%), while the prices for the other major destinations experienced more modest paces of growth.

Positive Displacement Pump Imports

Imports into Singapore

In 2021, purchases abroad of positive displacement pumps and hand pumps was finally on the rise to reach X units after four years of decline. Overall, imports enjoyed a tangible expansion. The pace of growth was the most pronounced in 2016 when imports increased by 139%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, positive displacement pump imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2016 with an increase of 72%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest positive displacement pump supplier to Singapore, with a 37% share of total imports. Moreover, positive displacement pump imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+14.9% per year) and Germany (+12.6% per year).

In value terms, China ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Singapore, comprising 33% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by Malaysia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.3% per year) and Malaysia (+4.0% per year).

Import Prices by Country

The average positive displacement pump import price stood at $X per unit in 2021, increasing by 9% against the previous year. Over the period under review, the import price, however, saw a abrupt descent. The growth pace was the most rapid in 2018 an increase of 29%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+15.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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