Overview of the Global Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

In 2021, the global market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -89.4% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption faced a abrupt setback. Over the period under review, the global market reached the peak level at $X in 2020, and then dropped notably in the following year.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +94.2% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 35%. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports

In 2021, global exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to X units, growing by 23% against the previous year. In general, total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +154.5% against 2016 indices. The pace of growth was the most pronounced in 2018 when exports increased by 84% against the previous year. The global exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporter of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in the world, with the volume of exports resulting at X units, which was near 44% of total exports in 2021. Germany (X units) ranks second in terms of the total exports with an 8.8% share, followed by Mexico (8.7%), Japan (6.5%), Bulgaria (4.9%) and the United States (4.8%). South Korea (X units), Canada (X units) and Italy (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps. At the same time, Mexico (+14.7%), Bulgaria (+10.8%), Japan (+6.0%), South Korea (+4.5%) and Italy (+4.3%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.7% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Canada (-1.9%) and the United States (-3.4%) illustrated a downward trend over the same period. Mexico (+5.6 p.p.), Bulgaria (+2.5 p.p.) and Japan (+1.8 p.p.) significantly strengthened its position in terms of the global exports, while Germany, the United States and China saw its share reduced by -2.7%, -3.1% and -6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplying countries worldwide were Germany ($X), China ($X) and the United States ($X), with a combined 49% share of global exports. These countries were followed by Japan, Canada, Italy, Mexico, South Korea and Bulgaria, which together accounted for a further 27%.

In terms of the main exporting countries, South Korea, with a CAGR of +12.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, with a decrease of -4.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 101%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.2%), while the other global leaders experienced more modest paces of growth.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports

In 2021, purchases abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by 12% to X units, rising for the fifth consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 12% against the previous year. Global imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps surged to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in 2021 were the United States (X units), Turkey (X units), Mexico (X units), China (X units), Germany (X units), the UK (X units) and Japan (X units), together resulting at 70% of total import. The following importers - Poland (X units), Brazil (X units), France (X units) and India (X units) - together made up 7.4% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +19.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump importing markets worldwide were the United States ($X), China ($X) and Mexico ($X), with a combined 40% share of global imports. Germany, Japan, France, Turkey, the UK, Poland, India and Brazil lagged somewhat behind, together accounting for a further 22%.

In terms of the main importing countries, Poland, with a CAGR of +13.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, with an increase of 8% against the previous year. Overall, the import price, however, showed a noticeable descent. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.7%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform