Philippines: 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 the Philippines

The Philippine market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps reduced to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed strong growth. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

Exports from the Philippines

In 2022, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were exported from the Philippines; rising by X% compared with the year before. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2015; however, from 2016 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 skyrocketed to $X in 2022. Overall, exports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from the Philippines, with a X% share of total exports. It was followed by Australia (X units), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Indonesia totaled X.7%.

In value terms, Indonesia ($X) remains the key foreign market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Indonesia stood at X%.

Export Prices by Country

In 2022, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, which is down by X% against the previous year. Overall, the export price showed a sharp downturn. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Indonesia amounted to $X per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into the Philippines

In 2022, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps into the Philippines shrank to X units, falling by X% on 2021. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps reduced to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to the Philippines, with a X% 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, Japan (X units), more than tenfold. The third position in this ranking was taken by the United States (X units), with a X% share.

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

In value terms, China ($X), Japan ($X) and the United States ($X) appeared to be the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to the Philippines, with a combined X% share of total imports. South Korea, Italy and Ireland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of 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 import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 Ireland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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