South-Eastern Asia: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in South-Eastern Asia

The Southeast Asian hand-operated air pump market rose slightly to $X in 2022, with an increase of 4.6% against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Hand-Operated Air Pump Production in South-Eastern Asia

In value terms, hand-operated air pump production reduced markedly to $X in 2022 estimated in export price. In general, production recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 47,839%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Hand-Operated Air Pump Exports

Exports in South-Eastern Asia

In 2022, approx. X units of hand or foot-operated air pumps were exported in South-Eastern Asia; increasing by 3.1% against the year before. Over the period under review, exports, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 118%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand-operated air pump exports fell to $X in 2022. In general, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 39%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam was the key exporting country with an export of about X units, which amounted to 61% of total exports. Singapore (X units) ranks second in terms of the total exports with a 25% share, followed by Thailand (7.8%). The following exporters - Indonesia (X units), the Philippines (X units) and Malaysia (X units) - together made up 6.5% of total exports.

Vietnam was also the fastest-growing in terms of the hand or foot-operated air pumps exports, with a CAGR of +32.8% from 2012 to 2022. At the same time, Singapore (+1.7%) displayed positive paces of growth. By contrast, Thailand (-10.9%), Malaysia (-16.2%), Indonesia (-18.4%) and the Philippines (-31.2%) illustrated a downward trend over the same period. While the share of Vietnam (+59 p.p.) and Singapore (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-4.6 p.p.), Thailand (-7.2 p.p.), Indonesia (-9.6 p.p.) and the Philippines (-49.3 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X), Singapore ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, with a combined 84% share of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +45.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, declining by -13.9% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2020 when the export price increased by 42% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+23.5%), while the other leaders experienced more modest paces of growth.

Hand-Operated Air Pump Imports

Imports in South-Eastern Asia

In 2022, imports of hand or foot-operated air pumps in South-Eastern Asia fell rapidly to X units, declining by -17.9% compared with the year before. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 63% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, hand-operated air pump imports rose slightly to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 58%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of hand-operated air pump imports in 2022 were Thailand (X units), Malaysia (X units), Myanmar (X units) and Indonesia (X units), together reaching 77% of total import. It was distantly followed by the Philippines (X units) and Vietnam (X units), together mixing up a 17% share of total imports. Lao People's Democratic Republic (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +23.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 78% of total imports. Vietnam, the Philippines, Lao People's Democratic Republic and Myanmar lagged somewhat behind, together accounting for a further 17%.

Among the main importing countries, Lao People's Democratic Republic, with a CAGR of +14.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, growing by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2016 an increase of 30%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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