Global Water Filter Market 2023

Water Filter Market Size

The global water filter market dropped to $X in 2022, which is down by -2% against the previous year. The market value increased at an average annual rate of +3.1% 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 2018 with an increase of 8.4%. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Water Filter Production

In value terms, water filter production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Water Filter Exports

Exports

In 2022, global water filter exports reached X units, increasing by 3.5% on the previous year. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +43.8% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 9.3%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, water filter exports rose modestly to $X in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +63.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. The global exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

China was the key exporting country with an export of around X units, which finished at 26% of total exports. It was distantly followed by Belgium (X units), Germany (X units), Italy (X units), the United States (X units) and South Korea (X units), together creating a 35% share of total exports. The following exporters - Spain (X units), Israel (X units), Turkey (X units), Canada (X units), the Netherlands (X units), the UK (X units) and Taiwan (Chinese) (X units) - together made up 20% of total exports.

Exports from China increased at an average annual rate of +12.1% from 2012 to 2022. At the same time, Israel (+15.5%), Turkey (+10.9%), Belgium (+10.3%), South Korea (+8.6%), the Netherlands (+7.3%), Spain (+4.9%), Italy (+4.3%), the UK (+1.9%) and Germany (+1.7%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.5% from 2012-2022. Canada experienced a relatively flat trend pattern. By contrast, the United States (-2.9%) and Taiwan (Chinese) (-9.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Belgium, Israel and South Korea increased by +12, +3.5, +2.1 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest water filter supplying countries worldwide were China ($X), the United States ($X) and Germany ($X), together comprising 38% of global exports.

In terms of the main exporting countries, China, with a CAGR of +17.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average water filter export price stood at $X per unit in 2022, approximately equating the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 5.6% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%), while the other global leaders experienced more modest paces of growth.

Water Filter Imports

Imports

For the sixth consecutive year, the global market recorded growth in purchases abroad of machinery for filtering or purifying water, which increased by 8.5% to X units in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.3% against 2012 indices. The pace of growth was the most pronounced in 2021 when imports increased by 13%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, water filter imports expanded modestly to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.6% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 11%. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X units) represented the major importer of machinery for filtering or purifying water, making up 26% of total imports. It was distantly followed by France (X units), generating an 8.7% share of total imports. Germany (X units), the UK (X units), Russia (X units), Canada (X units), Italy (X units), Spain (X units), Malaysia (X units), Indonesia (X units), China (X units), Nigeria (X units) and the Netherlands (X units) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +14.5% from 2012 to 2022. At the same time, Nigeria (+16.8%), Malaysia (+11.0%), France (+10.1%), the Netherlands (+8.4%), Spain (+7.3%), Italy (+6.8%), China (+6.5%), Germany (+6.1%), the UK (+5.7%), Indonesia (+2.4%) and Canada (+1.3%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +16.8% from 2012-2022. By contrast, Russia (-2.9%) illustrated a downward trend over the same period. While the share of the United States (+14 p.p.) and France (+2.7 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Russia (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported machinery for filtering or purifying water worldwide, comprising 17% of global imports. The second position in the ranking was held by Germany ($X), with a 4.5% share of global imports. It was followed by France, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +6.7%. In the other countries, the average annual rates were as follows: Germany (+9.3% per year) and France (+7.7% per year).

Import Prices by Country

The average water filter import price stood at $X per unit in 2022, shrinking by -3.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 4.3%. Global import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per unit), while Nigeria ($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 (+3.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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