Thailand: Pumps For Liquids Market 2025

Pumps For Liquids Market Size in Thailand

The Thai pumps for liquids market reduced remarkably to $X in 2022, shrinking by -23.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then fell rapidly in the following year.

Pumps For Liquids Exports

Exports from Thailand

For the third year in a row, Thailand recorded growth in overseas shipments of pumps for liquids, which increased by 10% to X units in 2022. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 191%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, pumps for liquids exports contracted to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 62% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X units) was the main destination for pumps for liquids exports from Thailand, accounting for a 37% share of total exports. Moreover, pumps for liquids exports to Japan exceeded the volume sent to the second major destination, Singapore (X units), twofold. Myanmar (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+41.7% per year) and Myanmar (+100.2% per year).

In value terms, the largest markets for pumps for liquids exported from Thailand were Japan ($X), Singapore ($X) and Malaysia ($X), together accounting for 45% of total exports. Myanmar, the UK, Cambodia, Brazil, Germany and Indonesia lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, Myanmar, with a CAGR of +43.0%, saw the highest growth rate of 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 2022, the average pumps for liquids export price amounted to $X per unit, dropping by -16.3% against the previous year. Overall, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2013 an increase of 10% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-6.8%), while the prices for the other major destinations experienced a decline.

Pumps For Liquids Imports

Imports into Thailand

In 2022, pumps for liquids imports into Thailand dropped significantly to X units, declining by -18.1% compared with 2021. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 31%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, pumps for liquids imports declined remarkably to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when imports increased by 29% against the previous year. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Japan (X units) were the main suppliers of pumps for liquids imports to Thailand, with a combined 60% share of total imports. Italy, Vietnam, South Korea, Germany, the United States, India, Mexico, Singapore, France and Indonesia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +127.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of pumps for liquids to Thailand, comprising 46% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by the United States, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.9% per year) and the United States (-3.5% per year).

Import Prices by Country

The average pumps for liquids import price stood at $X per unit in 2022, falling by -6.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform