South-Eastern Asia: Pump For Liquid Market 2024

Pump For Liquid Market Size in South-Eastern Asia

The Southeast Asian pump for liquid market shrank to $X in 2021, with a decrease of -7.7% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.4% against 2015 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Pump For Liquid Production in South-Eastern Asia

In value terms, pump for liquid production declined to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +59.3% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 74% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Pump For Liquid Exports

Exports in South-Eastern Asia

In 2021, approx. X units of pumps for liquids and liquid elevators were exported in South-Eastern Asia; falling by -3.5% on 2020. Overall, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 81% against the previous year. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, pump for liquid exports reached $X in 2021. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand was the key exporter of pumps for liquids and liquid elevators in South-Eastern Asia, with the volume of exports reaching X units, which was approx. 76% of total exports in 2021. Vietnam (X units) ranks second in terms of the total exports with a 14% share, followed by Indonesia (7.3%). Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to pump for liquid exports from Thailand stood at +14.4%. At the same time, Vietnam (+44.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +44.5% from 2012-2021. By contrast, Indonesia (-4.3%) and Singapore (-10.1%) illustrated a downward trend over the same period. Thailand (+18 p.p.) and Vietnam (+13 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Indonesia saw its share reduced by -10% and -20.4% from 2012 to 2021, respectively.

In value terms, the largest pump for liquid supplying countries in South-Eastern Asia were Thailand ($X), Singapore ($X) and Vietnam ($X), with a combined 90% share of total exports.

Vietnam, with a CAGR of +24.9%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, rising by 18% against the previous year. Overall, the export price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when the export price increased by 56% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 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 (+14.4%), while the other leaders experienced mixed trends in the export price figures.

Pump For Liquid Imports

Imports in South-Eastern Asia

In 2021, imports of pumps for liquids and liquid elevators in South-Eastern Asia dropped to X units, waning by -13.4% compared with the year before. Over the period under review, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 136% against the previous year. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, pump for liquid imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Thailand (X units) was the major importer of pumps for liquids and liquid elevators, mixing up 65% of total imports. It was distantly followed by Indonesia (X units), generating a 26% share of total imports. The following importers - Vietnam (X units) and Malaysia (X units) - together made up 5.8% of total imports.

Thailand was also the fastest-growing in terms of the pumps for liquids and liquid elevators imports, with a CAGR of +17.1% from 2012 to 2021. At the same time, Vietnam (+6.2%), Malaysia (+5.0%) and Indonesia (+3.1%) displayed positive paces of growth. While the share of Thailand (+27 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Vietnam (-1.6 p.p.) and Indonesia (-21.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pump for liquid importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), together accounting for 63% of total imports.

Vietnam, with a CAGR of +5.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, picking up by 35% against the previous year. In general, the import price, however, recorded a abrupt decline. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Thailand ($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 (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform