U.S.: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in the U.S.

After nine years of growth, the U.S. positive displacement pump market decreased by -24.3% to $X in 2021. Over the period under review, consumption, however, saw significant growth. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Positive Displacement Pump Exports

Exports from the U.S.

In 2021, exports of positive displacement pumps and hand pumps from the United States surged to X units, increasing by 30% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.1% 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 2014 with an increase of 37% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, positive displacement pump exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for positive displacement pump exports from the United States, with a 50% share of total exports. Moreover, positive displacement pump exports to Canada exceeded the volume sent to the second major destination, the Netherlands (X units), eightfold. The third position in this ranking was held by Mexico (X units), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+13.7% per year) and Mexico (-4.2% per year).

In value terms, Canada ($X) remains the key foreign market for positive displacement pumps and hand pumps exports from the United States, comprising 47% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 6.6% share of total exports. It was followed by Mexico, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+10.2% per year) and Mexico (-3.5% per year).

Export Prices by Country

The average positive displacement pump export price stood at $X per unit in 2021, which is down by -15% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 26%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020, and then fell in the following year.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to China ($X per unit) and Australia ($X per unit), while the average price for exports to Canada ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+479.3%), while the prices for the other major destinations experienced more modest paces of growth.

Positive Displacement Pump Imports

Imports into the U.S.

After nine years of growth, purchases abroad of positive displacement pumps and hand pumps decreased by -26.7% to X units in 2021. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 113% against the previous year. As a result, imports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, positive displacement pump imports dropped rapidly to $X in 2021. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 53% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest positive displacement pump supplier to the United States, with a 82% share of total imports. Moreover, positive displacement pump imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), tenfold. The third position in this ranking was taken by South Korea (X units), with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +53.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+34.3% per year) and South Korea (+20.0% per year).

In value terms, China ($X) constituted the largest supplier of positive displacement pumps and hand pumps to the United States, comprising 60% of total imports. The second position in the ranking was taken by Mexico ($X), with a 9% share of total imports. It was followed by Taiwan (Chinese), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+10.1% per year) and Taiwan (Chinese) (+7.4% per year).

Import Prices by Country

In 2021, the average positive displacement pump import price amounted to $X per unit, with an increase of 13% against the previous year. Over the period under review, the import price, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2014 an increase of 25% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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