Southern Asia: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Southern Asia

After nine years of growth, the South Asian positive displacement pump market decreased by -0.5% to $X in 2021. Overall, consumption, however, enjoyed a strong expansion. Over the period under review, the market hit record highs at $X in 2020, and then reduced modestly in the following year.

Positive Displacement Pump Production in Southern Asia

In value terms, positive displacement pump production amounted to $X in 2021 estimated in export price. Overall, production, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Positive Displacement Pump Exports

Exports in Southern Asia

For the third year in a row, Southern Asia recorded growth in overseas shipments of positive displacement pumps and hand pumps, which increased by 113% to X units in 2021. Over the period under review, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, positive displacement pump exports soared to $X in 2021. The total export value increased at an average annual rate of +2.9% 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 reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, amounting to X units, which was near 91% of total exports in 2021. It was distantly followed by Bangladesh (X units), comprising an 8.2% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to positive displacement pump exports from India stood at +16.8%. At the same time, Bangladesh (+52.7%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +52.7% from 2012-2021. From 2012 to 2021, the share of Bangladesh increased by +7.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest positive displacement pump supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 0.5% share of total exports.

In India, positive displacement pump exports increased at an average annual rate of +3.5% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, with a decrease of -43.1% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by 11%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per unit), while Bangladesh stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-11.4%).

Positive Displacement Pump Imports

Imports in Southern Asia

In 2021, approx. X units of positive displacement pumps and hand pumps were imported in Southern Asia; growing by 19% on the previous year's figure. Overall, imports posted a significant increase. The growth pace was the most rapid in 2020 when imports increased by 395% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, positive displacement pump imports reduced sharply to $X in 2021. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 159% against the previous year. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2021, Bangladesh (X units) was the main importer of positive displacement pumps and hand pumps, generating 67% of total imports. It was distantly followed by India (X units), constituting a 32% share of total imports.

Bangladesh was also the fastest-growing in terms of the positive displacement pumps and hand pumps imports, with a CAGR of +89.9% from 2012 to 2021. At the same time, India (+71.9%) displayed positive paces of growth. From 2012 to 2021, the share of Bangladesh and India increased by +59 and +23 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported positive displacement pumps and hand pumps in Southern Asia, comprising 53% of total imports. The second position in the ranking was held by Bangladesh ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +12.4%.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, reducing by -53.1% against the previous year. In general, the import price saw a sharp descent. The most prominent rate of growth was recorded in 2018 when the import price increased by 33% against the previous year. Over the period under review, import prices reached the maximum 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, the country with the highest price was India ($X per unit), while Bangladesh amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (-24.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :