Asia: Pump For Liquid Market 2024

Pump For Liquid Market Size in Asia

The Asian pump for liquid market surged to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption saw a prominent expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Pump For Liquid Production in Asia

In value terms, pump for liquid production rose notably to $X in 2022 estimated in export price. In general, production showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Pump For Liquid Exports

Exports in Asia

In 2022, overseas shipments of pumps for liquids and liquid elevators decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2021, and then reduced slightly in the following year.

In value terms, pump for liquid exports amounted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. The following exporters - Turkey (X units), India (X units), Thailand (X units), Taiwan (Chinese) (X units) and Japan (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to pump for liquid exports from China stood at X%. At the same time, India (X%), Turkey (X%), Taiwan (Chinese) (X%) and Thailand (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pump for liquid supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2015 an increase of X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, 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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Pump For Liquid Imports

Imports in Asia

In 2022, approx. X units of pumps for liquids and liquid elevators were imported in Asia; surging by X% compared with 2021. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pump for liquid imports dropped slightly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

Turkey represented the key importing country with an import of about X units, which reached X% of total imports. China (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%), India (X%) and Thailand (X%). The following importers - Saudi Arabia (X units), Malaysia (X units), Japan (X units), South Korea (X units), Iraq (X units), Bangladesh (X units), Uzbekistan (X units) and the United Arab Emirates (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to pump for liquid imports into Turkey stood at X%. At the same time, Uzbekistan (X%), Bangladesh (X%), Taiwan (Chinese) (X%), Saudi Arabia (X%), India (X%), Malaysia (X%), Iraq (X%), Japan (X%), China (X%), Thailand (X%), South Korea (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. While the share of Taiwan (Chinese) (X p.p.), India (X p.p.), Saudi Arabia (X p.p.), Malaysia (X p.p.), Uzbekistan (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported pumps for liquids and liquid elevators in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per unit in 2015; however, from 2016 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 the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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