Singapore: Pumps For Liquids Market 2025

Pumps For Liquids Market Size in Singapore

After two years of growth, the Singaporean pumps for liquids market decreased by -35.1% to $X in 2022. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Pumps For Liquids Production in Singapore

In value terms, pumps for liquids production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 671%. Pumps for liquids production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Pumps For Liquids Exports

Exports from Singapore

In 2022, overseas shipments of pumps for liquids were finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, recorded a slight decrease. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, pumps for liquids exports expanded markedly to $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 60% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for pumps for liquids exports from Singapore, accounting for a 45% share of total exports. Moreover, pumps for liquids exports to Indonesia exceeded the volume sent to the second major destination, South Korea (X units), threefold. Thailand (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia stood at +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+17.5% per year) and Thailand (-1.7% per year).

In value terms, the largest markets for pumps for liquids exported from Singapore were Indonesia ($X), the United States ($X) and Thailand ($X), together accounting for 30% of total exports.

Among the main countries of destination, the United States, with a CAGR of +38.8%, recorded the highest rates of growth with regard to 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

The average pumps for liquids export price stood at $X per unit in 2022, waning by -13.4% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 60%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pumps For Liquids Imports

Imports into Singapore

In 2022, imports of pumps for liquids into Singapore contracted notably to X units, shrinking by -25.6% against 2021. Over the period under review, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 74% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, pumps for liquids imports reduced markedly to $X in 2022. Overall, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 98%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest pumps for liquids supplier to Singapore, accounting for a 60% share of total imports. Moreover, pumps for liquids imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. The third position in this ranking was taken by the United States (X units), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-5.0% per year) and the United States (-9.3% per year).

In value terms, China ($X) constituted the largest supplier of pumps for liquids to Singapore, comprising 25% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.0% per year) and Germany (-6.3% per year).

Import Prices by Country

In 2022, the average pumps for liquids import price amounted to $X per unit, shrinking by -15.4% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pumps for liquids import price increased by +45.7% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 37%. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform