Thailand: Pump For Liquid Market 2024

Pump For Liquid Market Size in Thailand

In 2021, the Thai pump for liquid market decreased by -6% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, saw a prominent expansion. As a result, consumption attained the peak level of $X, and then fell in the following year.

Pump For Liquid Production in Thailand

In value terms, pump for liquid production amounted to $X in 2021 estimated in export price. In general, production recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 90%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Pump For Liquid Exports

Exports from Thailand

In 2021, exports of pumps for liquids and liquid elevators from Thailand dropped rapidly to X units, with a decrease of -15.5% against the previous year's figure. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 106%. As a result, the exports reached the peak of X units, and then dropped notably in the following year.

In value terms, pump for liquid exports skyrocketed to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 23% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Japan (X units) was the main destination for pump for liquid exports from Thailand, accounting for a 54% share of total exports. Moreover, pump for liquid exports to Japan exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by South Korea (X units), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+37.3% per year) and South Korea (+42.2% per year).

In value terms, the United States ($X), Japan ($X) and China ($X) were the largest markets for pump for liquid exported from Thailand worldwide, together accounting for 50% of total exports.

In terms of the main countries of destination, China, with a CAGR of +28.4%, 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

The average pump for liquid export price stood at $X per unit in 2021, increasing by 39% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 67%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to South Korea ($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 Argentina (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Thailand

In 2021, approx. X units of pumps for liquids and liquid elevators were imported into Thailand; which is down by -19.4% against 2020 figures. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 402%. As a result, imports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, pump for liquid imports expanded markedly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pump for liquid to Thailand, accounting for a 48% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), twofold. South Korea (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+46.6% per year) and South Korea (+24.2% per year).

In value terms, the largest pump for liquid suppliers to Thailand were China ($X), Japan ($X) and the United States ($X), with a combined 59% share of total imports. Germany, Italy, South Korea, Vietnam and Taiwan (Chinese) lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Vietnam, with a CAGR of +25.2%, 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

The average pump for liquid import price stood at $X per unit in 2021, growing by 40% against the previous year. Overall, the import price, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 86% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Vietnam ($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 (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform