Philippines: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in the Philippines

In 2022, the Philippine positive displacement pump market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a strong increase. Positive displacement pump consumption peaked in 2022 and is likely to see gradual growth in years to come.

Positive Displacement Pump Exports

Exports from the Philippines

In 2022, shipments abroad of positive displacement pumps and hand pumps decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, positive displacement pump exports fell remarkably to $X in 2022. Overall, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X units), Australia (X units) and Japan (X units) were the main destinations of positive displacement pump exports from the Philippines, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for positive displacement pumps and hand pumps exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average positive displacement pump export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to New Zealand ($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 South Korea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Positive Displacement Pump Imports

Imports into the Philippines

In 2022, purchases abroad of positive displacement pumps and hand pumps increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, positive displacement pump imports expanded notably to $X in 2022. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest positive displacement pump supplier to the Philippines, with a X% share of total imports. Moreover, positive displacement pump imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Japan ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest positive displacement pump suppliers to the Philippines, with a combined X% share of total imports. Thailand lagged somewhat behind, comprising a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, 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 average positive displacement pump import price amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :