Liquid Dispensing Pump Market

The article discusses the expected growth of the global liquid dispensing pump market over the period from 2022 to 2030, with forecasts showing a slight increase in consumption and production. Consumption levels have fluctuated over the years, with the highest recorded in 2012. Key importing countries include the United States and New Zealand, while key exporting countries are China and Poland. The article also highlights trends in per capita consumption, import prices, and export prices, providing a comprehensive overview of the market dynamics.

Market Forecast

Driven by rising demand for liquid dispensing pump worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.7% for the period from 2022 to 2030, which is projected to bring the market volume to 27M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market value to $11.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Pumps For Dispensing Liquids

Global liquid dispensing pump consumption fell to 26M units in 2022, declining by -5.3% on the previous year's figure. In general, consumption continues to indicate a deep slump. Over the period under review, global consumption hit record highs at 66M units in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

The global liquid dispensing pump market value totaled $9B in 2022, surging by 11% 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). Overall, consumption, however, continues to indicate a strong expansion. Global consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (6.1M units), New Zealand (3.3M units) and the UK (2.2M units), with a combined 45% share of global consumption.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +67.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, New Zealand ($467M) led the market, alone. The second position in the ranking was held by the United States ($209M). It was followed by China.

From 2012 to 2022, the average annual growth rate of value in New Zealand totaled +64.4%. In the other countries, the average annual rates were as follows: the United States (+4.9% per year) and China (-5.8% per year).

In 2022, the highest levels of liquid dispensing pump per capita consumption was registered in New Zealand (632 units per 1000 persons), followed by the UK (32 units per 1000 persons), Saudi Arabia (25 units per 1000 persons) and Malaysia (21 units per 1000 persons), while the world average per capita consumption of liquid dispensing pump was estimated at 3.2 units per 1000 persons.

In New Zealand, liquid dispensing pump per capita consumption increased at an average annual rate of +65.5% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the UK (-26.3% per year) and Saudi Arabia (+18.7% per year).

Production

World Production of Pumps For Dispensing Liquids

In 2022, the amount of pumps for dispensing liquids produced worldwide expanded sharply to 13M units, with an increase of 14% on the previous year's figure. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 103% against the previous year. Global production peaked at 15M units in 2015; however, from 2016 to 2022, production failed to regain momentum.

In value terms, liquid dispensing pump production stood at $3.3B in 2022 estimated in export price. In general, production, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 35%. Over the period under review, global production attained the maximum level at $6.9B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were Poland (2M units), the UK (1.9M units) and China (1.7M units), together accounting for 43% of global production. Malaysia, India, Turkey, Nigeria, Singapore, Belgium, Taiwan (Chinese), Germany, Australia and Russia lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +48.5%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Pumps For Dispensing Liquids

In 2022, after five years of growth, there was significant decline in supplies from abroad of pumps for dispensing liquids, when their volume decreased by -14.4% to 24M units. Overall, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2015 when imports increased by 35%. Over the period under review, global imports attained the maximum at 60M units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, liquid dispensing pump imports expanded to $1.6B in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports By Country

In 2022, the United States (6.9M units) represented the key importer of pumps for dispensing liquids, generating 29% of total imports. New Zealand (3.3M units) took the second position in the ranking, followed by China (2.6M units) and the UK (1.8M units). All these countries together held near 32% share of total imports. The following importers - Saudi Arabia (890K units), India (843K units), Italy (742K units), Egypt (554K units), France (545K units) and Thailand (488K units) - together made up 17% of total imports.

Imports into the United States decreased at an average annual rate of -5.4% from 2012 to 2022. At the same time, New Zealand (+75.6%), Egypt (+41.2%), India (+33.6%), China (+22.3%), Saudi Arabia (+21.1%), Italy (+17.7%) and Thailand (+8.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in the world, with a CAGR of +75.6% from 2012-2022. By contrast, France (-4.7%) and the UK (-26.9%) illustrated a downward trend over the same period. While the share of New Zealand (+13 p.p.), China (+10 p.p.), the United States (+8.2 p.p.), Saudi Arabia (+3.4 p.p.), India (+3.4 p.p.), Italy (+2.8 p.p.), Egypt (+2.2 p.p.) and Thailand (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the UK (-61.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($334M), China ($305M) and Saudi Arabia ($75M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 44% of global imports. The UK, Egypt, France, Thailand, India, Italy and New Zealand lagged somewhat behind, together comprising a further 11%.

Egypt, with a CAGR of +21.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average liquid dispensing pump import price stood at $67 per unit in 2022, picking up by 23% against the previous year. In general, the import price enjoyed a prominent increase. The growth pace was the most rapid in 2014 an increase of 120% against the previous year. As a result, import price reached the peak level of $72 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($115 per unit), while New Zealand ($1.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+46.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Pumps For Dispensing Liquids

In 2022, shipments abroad of pumps for dispensing liquids decreased by -8.4% to 12M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 33%. Over the period under review, the global exports reached the maximum at 13M units in 2021, and then declined in the following year.

In value terms, liquid dispensing pump exports reduced modestly to $1.4B in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.5% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, the exports reached the peak of $1.4B, leveling off in the following year.

Exports By Country

In 2022, China (3.3M units) represented the key exporter of pumps for dispensing liquids, creating 29% of total exports. It was distantly followed by the UK (1.5M units), Poland (1.4M units), the United States (0.8M units), India (0.8M units) and Mexico (0.5M units), together committing a 43% share of total exports. Germany (490K units), Singapore (352K units), Belgium (334K units), Italy (298K units) and Taiwan (Chinese) (268K units) took a little share of total exports.

Exports from China increased at an average annual rate of +7.8% from 2012 to 2022. At the same time, Poland (+49.4%), Mexico (+42.1%), Belgium (+37.2%), Germany (+21.8%), Singapore (+19.4%), India (+10.0%), the United States (+6.2%) and the UK (+1.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +49.4% from 2012-2022. By contrast, Italy (-6.5%) and Taiwan (Chinese) (-6.9%) illustrated a downward trend over the same period. Poland (+12 p.p.), China (+5.7 p.p.), Mexico (+4.3 p.p.), Germany (+3.2 p.p.), Belgium (+2.7 p.p.), India (+2.3 p.p.) and Singapore (+2.2 p.p.) significantly strengthened its position in terms of the global exports, while Taiwan (Chinese), Italy and the UK saw its share reduced by -5.8%, -6% and -6.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($306M), Poland ($183M) and Germany ($163M) were the countries with the highest levels of exports in 2022, together comprising 47% of global exports.

Poland, with a CAGR of +75.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average liquid dispensing pump export price amounted to $120 per unit, growing by 8.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22%. The global export price peaked at $149 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($378 per unit), while India ($12 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+17.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform