Thailand: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Thailand

The Thai liquid dispensing pump market declined markedly to $X in 2021, with a decrease of -27.9% against the previous year. Over the period under review, consumption recorded a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Liquid Dispensing Pump Production in Thailand

In value terms, liquid dispensing pump production shrank markedly to $X in 2021 estimated in export price. Overall, production faced a sharp decline. The pace of growth was the most pronounced in 2017 when the production volume increased by 57%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Liquid Dispensing Pump Exports

Exports from Thailand

In 2021, after two years of decline, there was significant growth in overseas shipments of pumps for dispensing liquids, when their volume increased by 103% to X units. Overall, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by 188%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid dispensing pump exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2015 when exports increased by 89%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X units) was the main destination for liquid dispensing pump exports from Thailand, with a 35% share of total exports. Moreover, liquid dispensing pump exports to Indonesia exceeded the volume sent to the second major destination, Myanmar (X units), threefold. Japan (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at +63.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+51.1% per year) and Japan (+0.7% per year).

In value terms, Indonesia ($X) remains the key foreign market for pumps for dispensing liquids exports from Thailand, comprising 32% of total exports. The second position in the ranking was held by Singapore ($X), with an 11% share of total exports. It was followed by Lao People's Democratic Republic, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia stood at +62.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-1.4% per year) and Lao People's Democratic Republic (+17.3% per year).

Export Prices by Country

The average liquid dispensing pump export price stood at $X per unit in 2021, with a decrease of -23% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 228%. The export price peaked at $X per unit in 2020, and then dropped significantly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to Japan ($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 Singapore (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Dispensing Pump Imports

Imports into Thailand

In 2021, purchases abroad of pumps for dispensing liquids was finally on the rise to reach X units after two years of decline. In general, imports, however, faced a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 70% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, liquid dispensing pump imports rose remarkably to $X in 2021. Overall, imports, however, showed a deep downturn. The growth pace was the most rapid in 2018 with an increase of 43%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the UK (X units) and the United Arab Emirates (X units) were the main suppliers of liquid dispensing pump imports to Thailand, with a combined 75% share of total imports. Japan, the United States, Belgium, Germany, Italy, France and Singapore lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +94.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Germany ($X) were the largest liquid dispensing pump suppliers to Thailand, together comprising 57% of total imports. The UK, the United States, France, Italy, Belgium, Singapore and the United Arab Emirates lagged somewhat behind, together accounting for a further 31%.

Belgium, with a CAGR of +95.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average liquid dispensing pump import price amounted to $X per unit, approximately reflecting the previous year. Overall, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid dispensing pump import price increased by +73.7% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 33% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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