Hand-Operated Air Pump Market

The global hand-operated air pump market is expected to continue growing over the next eight years, with market performance forecasted to increase in both volume and value. China leads in both consumption and production of hand-operated air pumps, while the United States and India also play significant roles. Imports and exports show fluctuations, with China dominating in exports. The average prices for imports and exports vary by country, indicating different market dynamics and trends.

Market Forecast

Driven by increasing demand for hand or foot-operated air pumps worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market volume to 266M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market value to $1.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Hand Or Foot-Operated Air Pumps

In 2022, global hand-operated air pump consumption declined slightly to 241M units, flattening at 2021 figures. The total consumption volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Global consumption peaked at 243M units in 2021, and then dropped modestly in the following year.

The global hand-operated air pump market value dropped slightly to $1.3B in 2022, approximately reflecting 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). The market value increased at an average annual rate of +3.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $1.3B, leveling off in the following year.

Consumption By Country

China (69M units) constituted the country with the largest volume of hand-operated air pump consumption, comprising approx. 29% of total volume. Moreover, hand-operated air pump consumption in China exceeded the figures recorded by the second-largest consumer, the United States (33M units), twofold. The third position in this ranking was held by India (28M units), with a 12% share.

In China, hand-operated air pump consumption expanded at an average annual rate of +2.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-0.8% per year) and India (+4.5% per year).

In value terms, China ($123M), the United States ($104M) and Turkey ($97M) constituted the countries with the highest levels of market value in 2022, with a combined 26% share of the global market. South Korea, India, Germany, France, the Netherlands, Italy, the UK, Russia and Mexico lagged somewhat behind, together accounting for a further 18%.

The Netherlands, with a CAGR of +6.7%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of hand-operated air pump per capita consumption was registered in the Netherlands (365 units per 1000 persons), followed by the United States (99 units per 1000 persons), Germany (89 units per 1000 persons) and Italy (77 units per 1000 persons), while the world average per capita consumption of hand-operated air pump was estimated at 0.4 units per 1000 persons.

In the Netherlands, hand-operated air pump per capita consumption expanded at an average annual rate of +8.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-1.5% per year) and Germany (-3.1% per year).

Production

World Production of Hand Or Foot-Operated Air Pumps

In 2022, the amount of hand or foot-operated air pumps produced worldwide contracted slightly to 282M units, almost unchanged from 2021 figures. In general, production recorded a mild contraction. The pace of growth appeared the most rapid in 2016 with an increase of 9.9%. Over the period under review, global production reached the maximum volume at 336M units in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In value terms, hand-operated air pump production dropped slightly to $2.2B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 42%. As a result, production reached the peak level of $2.4B. From 2020 to 2022, global production growth remained at a lower figure.

Production By Country

China (217M units) constituted the country with the largest volume of hand-operated air pump production, accounting for 77% of total volume. Moreover, hand-operated air pump production in China exceeded the figures recorded by the second-largest producer, the United States (17M units), more than tenfold. Taiwan (Chinese) (14M units) ranked third in terms of total production with a 4.9% share.

In China, hand-operated air pump production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (-2.9% per year) and Taiwan (Chinese) (-11.5% per year).

Imports

World Imports of Hand Or Foot-Operated Air Pumps

After two years of growth, overseas purchases of hand or foot-operated air pumps decreased by -15.7% to 140M units in 2022. The total import volume increased at an average annual rate of +1.6% 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 2021 with an increase of 27%. As a result, imports attained the peak of 166M units, and then shrank notably in the following year.

In value terms, hand-operated air pump imports fell to $482M in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 24%. As a result, imports reached the peak of $550M, and then reduced in the following year.

Imports By Country

In 2022, India (18M units) and the United States (17M units) represented the main importers of hand or foot-operated air pumpsacross the globe, together resulting at approx. 25% of total imports. Germany (9.2M units) took the next position in the ranking, followed by the Netherlands (8M units) and Mexico (6.7M units). All these countries together held approx. 17% share of total imports. The following importers - France (5.8M units), Spain (4.9M units), Russia (4.4M units), the UK (3.7M units), Poland (3.2M units), Thailand (3M units), Japan (2.9M units) and Ghana (2.5M units) - together made up 22% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ghana (with a CAGR of +39.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($54M), Germany ($44M) and France ($32M) constituted the countries with the highest levels of imports in 2022, with a combined 27% share of global imports. The Netherlands, Spain, India, the UK, Japan, Poland, Mexico, Thailand, Russia and Ghana lagged somewhat behind, together comprising a further 29%.

Ghana, with a CAGR of +26.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average hand-operated air pump import price stood at $3.4 per unit in 2022, rising by 4.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 4.4% against the previous year. As a result, import price reached the peak level of $3.5 per unit. From 2014 to 2022, the average import prices remained at a 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 France ($5.6 per unit), while India ($1.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Hand Or Foot-Operated Air Pumps

After two years of growth, overseas shipments of hand or foot-operated air pumps decreased by -13.2% to 180M units in 2022. Over the period under review, exports showed a pronounced setback. The pace of growth was the most pronounced in 2021 with an increase of 14%. Over the period under review, the global exports attained the maximum at 236M units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hand-operated air pump exports fell to $584M in 2022. Overall, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +53.9% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, the exports reached the peak of $641M, and then contracted in the following year.

Exports By Country

China prevails in exports structure, accounting for 148M units, which was near 82% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (14M units), mixing up a 7.9% share of total exports. The following exporters - Germany (2.9M units) and the Netherlands (2.7M units) - each reached a 3.1% share of total exports.

Exports from China decreased at an average annual rate of -1.3% from 2012 to 2022. At the same time, the Netherlands (+2.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +2.0% from 2012-2022. By contrast, Germany (-2.5%) and Taiwan (Chinese) (-11.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +10 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($344M) remains the largest hand-operated air pump supplier worldwide, comprising 59% of global exports. The second position in the ranking was held by Taiwan (Chinese) ($95M), with a 16% share of global exports. It was followed by Germany, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +3.6%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+6.8% per year) and Germany (+1.5% per year).

Export Prices By Country

The average hand-operated air pump export price stood at $3.2 per unit in 2022, growing by 5.1% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price 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, hand-operated air pump export price increased by +43.5% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 23% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($8.8 per unit), while China ($2.3 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) (+20.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform