Thailand: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Thailand

The Thai positive displacement pump market dropped significantly to $X in 2021, reducing by -20% against the previous year. Over the period under review, consumption, however, continues to indicate buoyant growth. As a result, consumption reached the peak level of $X, and then reduced rapidly in the following year.

Positive Displacement Pump Production in Thailand

In value terms, positive displacement pump production stood at $X in 2021 estimated in export price. Overall, production saw a significant decline. The growth pace was the most rapid in 2020 with a decrease of 99.9% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Positive Displacement Pump Exports

Exports from Thailand

In 2021, exports of positive displacement pumps and hand pumps from Thailand reduced dramatically to X units, which is down by -20.7% on 2020 figures. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 243% against the previous year. As a result, the exports attained the peak of X units, and then reduced markedly in the following year.

In value terms, positive displacement pump exports fell to $X in 2021. In general, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 49% against the previous year. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

Japan (X units) was the main destination for positive displacement pump exports from Thailand, with a 65% share of total exports. Moreover, positive displacement pump exports to Japan exceeded the volume sent to the second major destination, the United States (X units), fivefold. South Korea (X units) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+62.9% per year) and South Korea (+46.5% per year).

In value terms, the United States ($X), Japan ($X) and Lao People's Democratic Republic ($X) were the largest markets for positive displacement pump exported from Thailand worldwide, together comprising 84% of total exports.

Among the main countries of destination, the United States, with a CAGR of +70.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average positive displacement pump export price amounted to $X per unit, rising by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 91% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+40.5%), while the prices for the other major destinations experienced mixed trend patterns.

Positive Displacement Pump Imports

Imports into Thailand

Positive displacement pump imports into Thailand declined notably to X units in 2021, shrinking by -21.6% on 2020 figures. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 580%. As a result, imports reached the peak of X units, and then declined dramatically in the following year.

In value terms, positive displacement pump imports contracted markedly to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of positive displacement pump to Thailand, with a 47% share of total imports. Moreover, positive displacement pump imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), twofold. The third position in this ranking was held by South Korea (X units), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+46.6% per year) and South Korea (+26.5% per year).

In value terms, China ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Thailand, comprising 43% of total imports. The second position in the ranking was held by Vietnam ($X), with a 20% share of total imports. It was followed by South Korea, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+20.5% per year) and South Korea (+6.9% per year).

Import Prices by Country

The average positive displacement pump import price stood at $X per unit in 2021, surging by 3.3% against the previous year. In general, the import price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 an increase of 64% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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