Pumps; Parts Thereof Price in India - 2023
Contents:
- Pumps; Parts Thereof Price in India (FOB) - 2023
- Pumps; Parts Thereof Price in India (CIF) - 2023
- Pumps; Parts Thereof Exports in India
- Pumps; Parts Thereof Imports in India
Pumps; Parts Thereof Price in India (FOB) - 2023
The average pumps; parts thereof export price stood at $11,080 per ton in June 2023, increasing by 21% against the previous month. In general, the export price showed a relatively flat trend pattern. The export price peaked at $11,157 per ton in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the United Arab Emirates ($17,826 per ton), while the average price for exports to Canada ($5,468 per ton) 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 Italy (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Price in India (CIF) - 2023
In June 2023, the average pumps; parts thereof import price amounted to $27,749 per ton, increasing by 33% against the previous month. Overall, import price indicated a pronounced increase from June 2022 to June 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, pumps; parts thereof import price increased by +58.7% against April 2023 indices. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 79% against the previous month. The import price peaked in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($50,796 per ton), while the price for Turkey ($8,018 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Exports in India
Pumps; parts thereof exports from India soared to 62K tons in 2022, jumping by 34% against the year before. Overall, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 93%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, pumps; parts thereof exports surged to $605M in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Pumps; Parts Thereof in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 159 | 94.7 | 190 | 285 | 21.5% |
| Germany | 48.1 | 40.5 | 50.7 | 52.9 | 3.2% |
| United Arab Emirates | 10.0 | 15.3 | 26.6 | 24.0 | 33.9% |
| Italy | 11.3 | 11.6 | 15.3 | 22.7 | 26.2% |
| United Kingdom | 11.3 | 10.8 | 16.5 | 15.7 | 11.6% |
| Canada | 7.4 | 6.1 | 9.4 | 13.3 | 21.6% |
| Netherlands | 3.6 | 3.2 | 3.7 | 11.0 | 45.1% |
| Iraq | 2.4 | 2.7 | 4.0 | 9.0 | 55.4% |
| Sweden | 2.8 | 3.8 | 7.3 | 8.2 | 43.1% |
| Others | 123 | 116 | 144 | 163 | 9.8% |
| Total | 378 | 305 | 467 | 605 | 17.0% |
Top Export Markets for Pumps; Parts Thereof from India in 2022:
- United States (28.4K tons)
- Germany (5.1K tons)
- Italy (3.7K tons)
- Canada (2.5K tons)
- Iraq (1.6K tons)
- United Kingdom (1.5K tons)
- Netherlands (1.4K tons)
- United Arab Emirates (1.3K tons)
- Sweden (1.0K tons)
Pumps; Parts Thereof Imports in India
In 2022, the amount of pumps; parts thereoves imported into India skyrocketed to 15K tons, with an increase of 20% compared with 2021 figures. The total import volume increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, pumps; parts thereof imports rose notably to $331M in 2022. The total import value increased at an average annual rate of +4.6% over the period 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 32%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Pumps; Parts Thereof in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 47.6 | 42.0 | 51.5 | 61.7 | 9.0% |
| Germany | 54.5 | 38.5 | 54.7 | 57.0 | 1.5% |
| United States | 37.5 | 28.0 | 34.4 | 42.9 | 4.6% |
| Japan | 28.7 | 22.1 | 39.7 | 30.3 | 1.8% |
| South Korea | 18.7 | 25.1 | 34.9 | 29.2 | 16.0% |
| Italy | 18.7 | 9.7 | 9.0 | 12.0 | -13.7% |
| Singapore | 10.1 | 8.7 | 12.1 | 12.0 | 5.9% |
| Thailand | 2.7 | 3.0 | 5.2 | 6.6 | 34.7% |
| United Arab Emirates | 6.5 | 4.0 | 4.1 | 5.7 | -4.3% |
| Others | 64.1 | 50.0 | 60.5 | 73.2 | 4.5% |
| Total | 289 | 231 | 306 | 331 | 4.6% |
Top Suppliers of Pumps; Parts Thereof to India in 2022:
- China (6.1K tons)
- Germany (1.6K tons)
- South Korea (1.4K tons)
- Japan (1.0K tons)
- United States (0.6K tons)
- Italy (0.3K tons)
- Singapore (0.3K tons)
- United Arab Emirates (0.3K tons)
- Thailand (0.3K tons)
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