Southern Asia: Pump For Liquid Market 2024

Pump For Liquid Market Size in Southern Asia

In 2021, the South Asian pump for liquid market increased by 5.4% to $X, rising for the third consecutive year after two years of decline. Overall, consumption enjoyed a temperate expansion. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Pump For Liquid Production in Southern Asia

In value terms, pump for liquid production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by 13%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Pump For Liquid Exports

Exports in Southern Asia

Pump for liquid exports rose to X units in 2021, surging by 2.4% compared with the previous year. In general, exports saw a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 44%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, pump for liquid exports surged to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, 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

India dominates exports structure, recording X units, which was near 98% of total exports in 2021. Pakistan (X units) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +17.7% from 2012 to 2021. At the same time, Pakistan (+22.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +22.3% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest pump for liquid supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 0.4% share of total exports.

In India, pump for liquid exports expanded at an average annual rate of +7.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, picking up by 31% against the previous year. Overall, the export price, however, continues to indicate a abrupt slump. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while Pakistan amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-8.6%).

Pump For Liquid Imports

Imports in Southern Asia

For the sixth year in a row, Southern Asia recorded growth in purchases abroad of pumps for liquids and liquid elevators, which increased by 30% to X units in 2021. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 55%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, pump for liquid imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the main importing country with an import of around X units, which recorded 62% of total imports. It was distantly followed by Bangladesh (X units), making up a 29% share of total imports. The following importers - Pakistan (X units), Nepal (X units) and Afghanistan (X units) - together made up 7.2% of total imports.

From 2012 to 2021, average annual rates of growth with regard to pump for liquid imports into India stood at +21.9%. At the same time, Bangladesh (+31.3%), Nepal (+5.3%) and Pakistan (+2.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +31.3% from 2012-2021. Afghanistan experienced a relatively flat trend pattern. While the share of Bangladesh (+16 p.p.) and India (+8.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Nepal (-4.2 p.p.), Afghanistan (-6.5 p.p.) and Pakistan (-11.1 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported pumps for liquids and liquid elevators in Southern Asia, comprising 59% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 25% share of total imports. It was followed by Pakistan, with a 7.6% share.

In India, pump for liquid imports increased at an average annual rate of +2.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+19.1% per year) and Pakistan (+7.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, with an increase of 19% against the previous year. Overall, the import price, however, recorded a abrupt curtailment. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Pakistan ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+5.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform