Pumps For Liquids Market

The global pumps for liquids market is projected to show continued growth from 2022 to 2030, with consumption, production, imports, and exports all on the rise. Key findings include China leading in production and exports, the United States in imports, and Poland showing significant growth in consumption. Market performance is expected to maintain an upward trajectory, with noticeable fluctuations in trend patterns recorded over the years.

Market Forecast

Driven by increasing demand for pumps for liquids worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market volume to 375M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.7% for the period from 2022 to 2030, which is projected to bring the market value to $97.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Pumps For Liquids

In 2022, the amount of pumps for liquids consumed worldwide rose notably to 295M units, increasing by 9% against 2021 figures. The total consumption volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in the near future.

The global pumps for liquids market revenue expanded remarkably to $62.7B in 2022, with an increase of 9.7% 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, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is likely to continue growth in the near future.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (47M units), the United States (42M units) and India (21M units), with a combined 37% share of global consumption. Poland, Japan, Germany, Russia, Brazil, France, Turkey, Iraq, Mexico and South Korea lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +18.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($10.5B), China ($8.1B) and India ($5.2B) appeared to be the countries with the highest levels of market value in 2022, with a combined 38% share of the global market. South Korea, the United States, Russia, France, Iraq, Germany, Turkey, Poland, Brazil and Mexico lagged somewhat behind, together accounting for a further 18%.

Iraq, with a CAGR of +15.1%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of pumps for liquids per capita consumption was registered in Poland (378 units per 1000 persons), followed by Iraq (160 units per 1000 persons), Germany (142 units per 1000 persons) and France (132 units per 1000 persons), while the world average per capita consumption of pumps for liquids was estimated at 37 units per 1000 persons.

In Poland, pumps for liquids per capita consumption increased at an average annual rate of +19.1% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Iraq (+15.2% per year) and Germany (-6.9% per year).

Production

World Production of Pumps For Liquids

In 2022, the amount of pumps for liquids produced worldwide reached 333M units, rising by 3.7% compared with 2021. Overall, production continues to indicate a perceptible increase. The pace of growth appeared the most rapid in 2018 with an increase of 77% against the previous year. Global production peaked in 2022 and is expected to retain growth in years to come.

In value terms, pumps for liquids production reached $81.6B in 2022 estimated in export price. In general, production showed a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of 81% against the previous year. As a result, production reached the peak level of $84.7B. From 2019 to 2022, global production growth remained at a lower figure.

Production By Country

The country with the largest volume of pumps for liquids production was China (200M units), comprising approx. 60% of total volume. Moreover, pumps for liquids production in China exceeded the figures recorded by the second-largest producer, India (22M units), ninefold. The third position in this ranking was held by France (18M units), with a 5.3% share.

In China, pumps for liquids production increased at an average annual rate of +6.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+4.6% per year) and France (+3.2% per year).

Imports

World Imports of Pumps For Liquids

After five years of growth, overseas purchases of pumps for liquids decreased by -5.9% to 240M units in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.4% against 2012 indices. The pace of growth appeared the most rapid in 2018 with an increase of 19% against the previous year. Global imports peaked at 255M units in 2021, and then declined in the following year.

In value terms, pumps for liquids imports declined modestly to $16.6B in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. As a result, imports attained the peak of $16.7B, and then contracted in the following year.

Imports By Country

In 2022, the United States (45M units), distantly followed by Germany (19M units), Poland (18M units) and Russia (11M units) were the key importers of pumps for liquids, together generating 39% of total imports. The following importers - Turkey (8.3M units), Italy (7.5M units), Brazil (7.1M units), Mexico (7M units), the Netherlands (6.8M units), Iraq (6.8M units), the Czech Republic (6.5M units), China (5.6M units) and the UK (5M units) - together made up 25% of total imports.

Imports into the United States increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, Poland (+20.1%), the Netherlands (+19.9%), Iraq (+18.0%), China (+9.5%), the Czech Republic (+8.4%), Mexico (+8.3%), Russia (+6.3%), Turkey (+6.3%) and Brazil (+2.9%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +20.1% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, the UK (-1.5%) and Germany (-3.7%) illustrated a downward trend over the same period. While the share of Poland (+5.5 p.p.), the Netherlands (+2 p.p.) and Iraq (+1.9 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the UK (-2.1 p.p.), Italy (-2.5 p.p.) and Germany (-12.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pumps for liquids importing markets worldwide were the United States ($1.8B), China ($1.2B) and Germany ($982M), together accounting for 24% of global imports. Russia, the Netherlands, Italy, the UK, Turkey, Poland, Mexico, Iraq, the Czech Republic and Brazil lagged somewhat behind, together accounting for a further 23%.

The Netherlands, with a CAGR of +14.9%, recorded the highest growth rate of the value of imports, among 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

In 2022, the average pumps for liquids import price amounted to $69 per unit, surging by 5% against the previous year. Overall, the import price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2014 an increase of 11% against the previous year. As a result, import price attained the peak level of $101 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 ($215 per unit), while Poland ($18 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 (+7.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Pumps For Liquids

In 2022, after five years of growth, there was significant decline in shipments abroad of pumps for liquids, when their volume decreased by -9% to 279M units. Overall, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 128% against the previous year. The global exports peaked at 306M units in 2021, and then shrank in the following year.

In value terms, pumps for liquids exports declined to $16.6B in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18%. As a result, the exports attained the peak of $17.4B, and then declined slightly in the following year.

Exports By Country

China prevails in exports structure, accounting for 159M units, which was near 57% of total exports in 2022. It was distantly followed by France (13M units), committing a 4.7% share of total exports. The following exporters - Mexico (12M units), Germany (12M units), the Czech Republic (11M units), Italy (8.1M units), Spain (8M units), Slovakia (5.2M units), Switzerland (5M units), the Netherlands (4.9M units) and India (4.6M units) - together made up 25% of total exports.

From 2012 to 2022, average annual rates of growth with regard to pumps for liquids exports from China stood at +9.8%. At the same time, India (+28.4%), the Netherlands (+25.3%), Germany (+4.2%), Mexico (+4.1%) and Slovakia (+1.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.4% from 2012-2022. France, the Czech Republic and Italy experienced a relatively flat trend pattern. By contrast, Switzerland (-3.2%) and Spain (-3.9%) illustrated a downward trend over the same period. While the share of China (+17 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Switzerland (-2.7 p.p.), Italy (-2.8 p.p.), France (-3.3 p.p.), the Czech Republic (-3.5 p.p.) and Spain (-4.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($4.2B) remains the largest pumps for liquids supplier worldwide, comprising 25% of global exports. The second position in the ranking was taken by Germany ($1.9B), with an 11% share of global exports. It was followed by Italy, with a 7% share.

In China, pumps for liquids exports increased at an average annual rate of +9.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-1.5% per year) and Italy (+3.2% per year).

Export Prices By Country

The average pumps for liquids export price stood at $60 per unit in 2022, surging by 5.1% against the previous year. Overall, the export price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2015 an increase of 83% against the previous year. Over the period under review, the average export prices attained the peak figure at $152 per unit in 2016; however, from 2017 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 Netherlands ($177 per unit), while Slovakia ($11 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform