Southern Asia: Pumps For Liquids Market 2024

Pumps For Liquids Market Size in Southern Asia

The South Asian pumps for liquids market expanded modestly to $X in 2022, surging by 4.6% against the previous year. The market value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Pumps For Liquids Production in Southern Asia

In value terms, pumps for liquids production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Pumps For Liquids Exports

Exports in Southern Asia

In 2022, approx. X units of pumps for liquids were exported in Southern Asia; falling by -1.7% compared with the year before. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 59% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then declined in the following year.

In value terms, pumps for liquids exports dropped to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.7% against 2013 indices. The pace of growth was the most pronounced in 2013 with an increase of 31%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

The biggest shipments were from India (X units), together finishing at 100% of total export.

India was also the fastest-growing in terms of the pumps for liquids exports, with a CAGR of +21.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest pumps for liquids supplier in Southern Asia.

In India, pumps for liquids exports expanded at an average annual rate of +4.9% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, which is down by -5% against the previous year. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when the export price increased by 21% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -13.7% per year.

Pumps For Liquids Imports

Imports in Southern Asia

Pumps for liquids imports dropped to X units in 2022, declining by -9.4% against the year before. In general, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 78%. The volume of import peaked at X units in 2021, and then contracted in the following year.

In value terms, pumps for liquids imports declined to $X in 2022. Over the period under review, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 61% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Bangladesh (X units) and India (X units) dominates imports structure, together generating 89% of total imports. It was distantly followed by Nepal (X units), creating a 4.8% share of total imports. Afghanistan (X units) and Pakistan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +37.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) constituted the countries with the highest levels of imports in 2022, together comprising 92% of total imports. Nepal and Afghanistan lagged somewhat behind, together accounting for a further 5%.

In terms of the main importing countries, Nepal, with a CAGR of +31.6%, 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

In 2022, the import price in Southern Asia amounted to $X per unit, shrinking by -2% against the previous year. In general, the import price recorded a deep setback. The growth pace was the most rapid in 2015 when the import price increased by 32%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, 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 Pakistan ($X per unit), while Afghanistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform