Asia-Pacific: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Asia-Pacific

The Asia-Pacific hand-operated air pump market expanded notably to $X in 2022, surging by 7.7% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Hand-Operated Air Pump Production in Asia-Pacific

In value terms, hand-operated air pump production contracted significantly to $X in 2022 estimated in export price. Over the period under review, production showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 8,771%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Hand-Operated Air Pump Exports

Exports in Asia-Pacific

After two years of growth, shipments abroad of hand or foot-operated air pumps decreased by -14.3% to X units in 2022. In general, exports showed a noticeable decline. The pace of growth was the most pronounced 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 declined to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +70.5% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

In 2022, China (X units) represented the main exporter of hand or foot-operated air pumps, committing 87% of total exports. It was distantly followed by Taiwan (Chinese) (X units), committing 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. From 2012 to 2022, the share of China increased by +11 percentage points.

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

In 2022, the export price in Asia-Pacific amounted to $X per unit, with an increase of 6.9% against the previous year. Export price indicated a buoyant 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 +56.7% against 2018 indices. The growth pace was the most rapid in 2014 when the export price increased by 21%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: 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-Pacific

In 2022, overseas purchases of hand or foot-operated air pumps decreased by -33.7% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 40%. As a result, imports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, hand-operated air pump imports dropped to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India was the major importer of hand or foot-operated air pumps in Asia-Pacific, with the volume of imports recording X units, which was near 47% of total imports in 2022. Thailand (X units) ranks second in terms of the total imports with a 7.9% share, followed by Japan (7.6%), Australia (6%) and Malaysia (5.9%). The following importers - Myanmar (X units), Indonesia (X units), the Philippines (X units), Taiwan (Chinese) (X units), China (X units), South Korea (X units) and Vietnam (X units) - together made up 20% of total imports.

Imports into India increased at an average annual rate of +4.3% from 2012 to 2022. 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-Pacific, with a CAGR of +23.4% from 2012-2022. South Korea and Australia experienced a relatively flat trend pattern. By contrast, the Philippines (-2.1%), Vietnam (-3.4%), Japan (-4.7%) and Indonesia (-9.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Myanmar, Thailand and Malaysia increased by +13, +3.6, +3.4 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hand-operated air pump importing markets in Asia-Pacific were India ($X), Malaysia ($X) and Indonesia ($X), together accounting for 48% of total imports. Japan, Australia, Thailand, South Korea, Vietnam, China, the Philippines, Taiwan (Chinese) and Myanmar lagged somewhat behind, together comprising a further 43%.

Among the main importing countries, Vietnam, with a CAGR of +10.8%, saw the highest rates of growth with regard to 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, with an increase of 38% against the previous year. Overall, the import price, however, showed 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.

Prices varied noticeably by country of destination: 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

Frequently Asked Questions (FAQ) :