Asia: 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 Asia

In 2022, the Asian market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a pronounced reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a sharp slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X.5B in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports in Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of hydraulic pumps (gear or vane) and other rotary positive displacement pumps, when their volume decreased by X% to X units. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps contracted to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

China prevails in pumps structure, reaching X units, which was approx. X% of total exports in 2022. The following exporters - Japan (X units) and Thailand (X units) - together made up X% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

In China, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, surging by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Japan ($X per unit), while China ($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 other leaders experienced mixed trends in the export price figures.

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

Imports in Asia

In 2022, purchases abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps fell to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Turkey (X units) and China (X units) were the major importers of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in Asia, together recording near X% of total imports. It was distantly followed by Thailand (X units), committing a X% share of total imports. India (X units), Bangladesh (X units), Japan (X units), Iraq (X units) and Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported hydraulic pumps (gear or vane) and other rotary positive displacement pumps in Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by Turkey, with a X% share.

In China, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Turkey (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, stabilizing at the previous year. Overall, the import price, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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