The global export market for centrifugal pumps in 2023 shows China significantly leading with a 21% share, followed by Germany and the United States with 12.77% and 9.26% respectively. Italy, France, and the Netherlands also hold notable positions. Among top exporters, South Korea, Serbia, and Canada have experienced substantial growth. Conversely, Japan and Denmark faced declines in their export shares.
Future trends may include increased competition among top exporters as emerging markets like India and Mexico show positive growth trajectories. Environmental regulations and innovative technological advancements could further shake up market dynamics and influence export shares.
Top countries in Export of Centrifugal Pumps Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21 | 2023 | +3.81% | +3.74% | View data |
| 2 | 2 Germany | 12.77 | 2023 | +0.51% | +0.31% | View data |
| 3 | 3 United States | 9.26 | 2023 | +1.07% | +1.61% | View data |
| 4 | 4 Italy | 7.33 | 2023 | +2.26% | +2.12% | View data |
| 5 | 5 France | 6.5 | 2023 | +0.97% | +1.54% | View data |
| 6 | 6 Netherlands | 5.44 | 2023 | +5.05% | +1.4% | View data |
| 7 | 7 Japan | 3.8 | 2023 | -1.58% | -2.05% | View data |
| 8 | 8 Mexico | 3.3 | 2023 | +3.05% | +2.85% | View data |
| 9 | 9 Hungary | 2.71 | 2023 | +1.93% | +1.87% | View data |
| 10 | 10 United Kingdom | 2.5 | 2023 | -1.07% | -0.8% | View data |
