South-Eastern Asia: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in South-Eastern Asia

In 2021, after two years of growth, there was significant decline in the Southeast Asian market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps, when its value decreased by -6.8% to $X. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in South-Eastern Asia

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps fell to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +71.4% against 2014 indices. The growth pace was the most rapid in 2020 when the production volume increased by 42%. As a result, production reached the peak level of $X, and then reduced in the following year.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports in South-Eastern Asia

In 2021, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were exported in South-Eastern Asia; growing by 67% on 2020 figures. Over the period under review, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 68%. Over the period under review, the exports of attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps expanded rapidly to $X in 2021. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 36%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Thailand was the major exporting country with an export of about X units, which resulted at 77% of total exports. Singapore (X units) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (5.8%).

From 2012 to 2021, average annual rates of growth with regard to hydraulic pump (gear or vane) and other rotary positive displacement pump exports from Thailand stood at +19.2%. At the same time, Malaysia (+21.7%) and Singapore (+11.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +21.7% from 2012-2021. While the share of Thailand (+9.6 p.p.) and Malaysia (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-11 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier in South-Eastern Asia, comprising 62% of total exports. The second position in the ranking was held by Thailand ($X), with a 29% share of total exports.

In Singapore, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps expanded at an average annual rate of +6.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+7.1% per year) and Malaysia (+12.8% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, with a decrease of -33.1% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2015 an increase of 45%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-3.9%), while the other leaders experienced a decline in the export price figures.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports in South-Eastern Asia

In 2021, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were imported in South-Eastern Asia; with an increase of 10% against 2020 figures. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% 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 +92.0% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by 43% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps rose markedly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X units) represented the main importer of hydraulic pumps (gear or vane) and other rotary positive displacement pumps, achieving 53% of total imports. Vietnam (X units) ranks second in terms of the total imports with a 24% share, followed by Malaysia (9.6%) and Indonesia (8.2%). Singapore (X units) followed a long way behind the leaders.

Imports into Thailand increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, Vietnam (+15.1%), Singapore (+11.0%), Indonesia (+4.5%) and Malaysia (+3.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +15.1% from 2012-2021. Vietnam (+13 p.p.) and Singapore (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and Thailand saw its share reduced by -1.9% and -12.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 65% share of total imports. Vietnam and Malaysia lagged somewhat behind, together accounting for a further 29%.

In terms of the main importing countries, Vietnam, with a CAGR of +26.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, approximately reflecting the previous year. In general, the import price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2017 when the import price increased by 16%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform