Asia: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Asia

In 2022, after four years of growth, there was significant decline in the Asian hand-operated air pump market, when its value decreased by -8.3% to $X. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Hand-Operated Air Pump Production in Asia

In value terms, hand-operated air pump production fell remarkably to $X in 2022 estimated in export price. Overall, production faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 6,377% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Hand-Operated Air Pump Exports

Exports in Asia

After two years of growth, overseas shipments of hand or foot-operated air pumps decreased by -14.2% to X units in 2022. In general, exports saw a noticeable decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 17%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hand-operated air pump exports dropped to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +69.1% against 2017 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

In 2022, China (X units) represented the key exporter of hand or foot-operated air pumps, making up 86% of total exports. It was distantly followed by Taiwan (Chinese) (X units), mixing up a 12% share of total exports.

China was also the fastest-growing in terms of the hand or foot-operated air pumps exports, with a CAGR of -1.3% from 2012 to 2022. Taiwan (Chinese) (-8.1%) illustrated a downward trend over the same period. While the share of China (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-9.3 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest hand-operated air pump supplier in Asia, comprising 71% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 26% share of total exports.

In China, hand-operated air pump exports expanded at an average annual rate of +3.6% over the period from 2012-2022.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, growing by 6.3% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand-operated air pump export price increased by +55.6% against 2018 indices. The growth pace was the most rapid in 2014 an increase of 21%. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.2%).

Hand-Operated Air Pump Imports

Imports in Asia

After three years of growth, supplies from abroad of hand or foot-operated air pumps decreased by -33.4% to X units in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of X units, and then shrank sharply in the following year.

In value terms, hand-operated air pump imports contracted to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 35%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, India (X units) represented the main importer of hand or foot-operated air pumps, committing 44% of total imports. Thailand (X units) held the second position in the ranking, followed by Japan (X units) and Malaysia (X units). All these countries together took approx. 20% share of total imports. The following importers - the United Arab Emirates (X units), Myanmar (X units), Indonesia (X units), Iraq (X units), the Philippines (X units), Taiwan (Chinese) (X units), China (X units), South Korea (X units) and Vietnam (X units) - together made up 26% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hand-operated air pump imports into India stood at +4.3%. At the same time, Myanmar (+23.4%), China (+9.0%), Thailand (+6.8%), Malaysia (+4.1%) and Taiwan (Chinese) (+1.1%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia, with a CAGR of +23.4% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-1.3%), the Philippines (-2.1%), Vietnam (-3.4%), Iraq (-3.5%), Japan (-4.7%) and Indonesia (-9.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Thailand, Myanmar and Malaysia increased by +15, +3.5, +3.5 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Malaysia ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 45% share of total imports. Japan, Thailand, the United Arab Emirates, South Korea, Vietnam, China, Iraq, the Philippines, Taiwan (Chinese) and Myanmar lagged somewhat behind, together accounting for a further 41%.

In terms of the main importing countries, Vietnam, with a CAGR of +10.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, increasing by 30% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, 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 Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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