India: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2022

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

In 2021, the Indian market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by 3.1% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

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 fell to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 52% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth failed to regain momentum.

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

Exports from India

In 2021, shipments abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by 36% to X units, rising for the seventh year in a row after two years of decline. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 65% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021. Overall, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 39%. The exports peaked in 2021 and are expected to retain growth in years to come.

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 49% 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, the United Arab Emirates (X units), fivefold. Germany (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+22.0% per year) and Germany (+53.5% per year).

In value terms, the United States ($X) remains the key foreign market for hydraulic pump (gear or vane) and other rotary positive displacement pump exports from India, comprising 18% of total exports. The second position in the ranking was held by Germany ($X), with a 7.2% share of total exports. It was followed by China, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+43.7% per year) and China (+38.4% per year).

Export Prices by Country

The average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, reducing by -9.2% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by 31%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Australia ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.8%), 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

After two years of decline, supplies from abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by 84% to X units in 2021. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports of reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps surged to $X in 2021. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to India, accounting for a 45% 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), twofold. Germany (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.5% per year) and Germany (-4.7% per year).

In value terms, Germany ($X) constituted the largest supplier of hydraulic pump (gear or vane) and other rotary positive displacement pump to India, comprising 30% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.2% per year) and Japan (+8.4% per year).

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 2021, shrinking by -15.3% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -18.8% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 25%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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