India: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2024

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in India

The Indian market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps totaled $X in 2022, approximately mirroring the previous year. Over the period under review, consumption saw a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in India

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from India

In 2022, overseas shipments of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by X% to X units, rising for the eighth year in a row after two years of decline. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps rose notably to $X in 2022. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from India, with a X% share of total exports. Moreover, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to the United States exceeded the volume sent to the second major destination, Germany (X units), eightfold. The third position in this ranking was taken by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

In value terms, the United States ($X) remains the key foreign market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps exports from India, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, reducing by X% against the previous year. In general, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced a decline.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into India

In 2022, purchases abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps reached $X in 2022. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to India, accounting for a X% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

In value terms, Germany ($X), the United States ($X) and China ($X) were the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to India, with a combined X% share of total imports. Japan, Italy, South Korea, Singapore and Thailand lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Singapore, with a CAGR of X%, recorded 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

The average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :