Report Update: May 1, 2024

China - Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights

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Price for Fuel or Lubricating Pump in China - 2023

Price for Fuel or Lubricating Pump in China (FOB) - 2023

The average fuel or lubricating pump export price stood at $12.0 per unit in June 2023, declining by -6.1% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 12% month-to-month. As a result, the export price reached the peak level of $14.6 per unit. From March 2023 to June 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($20.9 per unit), while the average price for exports to Indonesia ($4.8 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Fuel or Lubricating Pump in China (CIF) - 2023

The average fuel or lubricating pump import price stood at $39.8 per unit in June 2023, waning by -12.1% against the previous month. Over the period under review, the import price showed a perceptible contraction. The pace of growth appeared the most rapid in September 2022 an increase of 21% m-o-m. The import price peaked at $55.1 per unit in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($176 per unit), while the price for Vietnam ($6.7 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Fuel or Lubricating Pump in China

In 2022, fuel or lubricating pump exports from China expanded rapidly to 107M units, with an increase of 11% on 2021 figures. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, fuel or lubricating pump exports rose markedly to $1.3B in 2022. The total export value increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Fuel or Lubricating Pump in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	246	251	260	277	4.0%
Mexico	55.2	56.9	110	120	29.5%
Germany	26.8	43.3	79.9	74.7	40.7%
South Korea	49.3	33.5	48.5	74.1	14.5%
Brazil	36.2	36.2	64.6	73.0	26.3%
Russia	28.7	28.9	45.2	56.9	25.6%
India	22.4	53.1	56.9	42.1	23.4%
Italy	31.4	29.8	38.8	38.5	7.0%
Poland	18.2	17.9	31.1	27.9	15.3%
Turkey	16.3	18.2	21.3	25.6	16.2%
Nigeria	10.2	9.8	16.3	19.7	24.5%
Vietnam	7.2	9.5	12.4	12.8	21.1%
Hong Kong SAR	11.6	12.1	11.5	5.2	-23.5%
Others	423	325	446	463	3.1%
Total	983	925	1,242	1,310	10.0%

Top Export Markets for Fuel or Lubricating Pump from China in 2022:

United States (14.1M units)
Mexico (10.0M units)
Brazil (7.4M units)
Russia (6.8M units)
Germany (5.3M units)
Hong Kong SAR (4.3M units)
Italy (4.1M units)
India (4.0M units)
South Korea (3.7M units)
Nigeria (3.2M units)
Poland (2.9M units)
Turkey (2.7M units)
Vietnam (2.5M units)

Imports of Fuel or Lubricating Pump in China

In 2022, imports of fuel, lubricating or cooling-medium pumps for internal combustion engines into China dropped to 16M units, with a decrease of -10.6% compared with the previous year. Overall, imports recorded a pronounced decrease. The smallest decline of -0.3% was in 2021. Imports peaked at 18M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fuel or lubricating pump imports declined markedly to $729M in 2022. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 3.2% against the previous year. Over the period under review, imports reached the peak figure at $958M in 2021, and then shrank significantly in the following year.

Import of Fuel or Lubricating Pump in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	283	247	253	197	-11.4%
Japan	203	240	263	163	-7.1%
Czech Republic	73.7	135	122	80.7	3.1%
Thailand	41.9	42.9	63.3	66.4	16.6%
Italy	95.7	93.2	59.9	42.0	-24.0%
South Korea	62.1	38.4	34.6	31.1	-20.6%
Vietnam	6.0	5.8	6.3	8.7	13.2%
Others	136	129	157	140	1.0%
Total	901	931	958	729	-6.8%

Top Suppliers of Fuel or Lubricating Pump to China in 2022:

Germany (4.5M units)
Japan (3.3M units)
South Korea (2.2M units)
Thailand (1.7M units)
Vietnam (1.5M units)
Czech Republic (0.7M units)
Italy (0.4M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for fuel or lubricating pump in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28131165 - Fuel, lubricating or cooling-medium pumps for internal combustion engines

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023