Pumps: hand, fitted or designed to be fitted with a measuring device, for liquids, other than those of item no. 8413.11 or 8413.19

In 2024, pumps: hand, fitted or designed to be fitted with a measuring device, for liquids, other than those of item no. 8413.11 or 8413.19 trade exhibited strong growth, with global flows reaching $1,349,873,154 and a three-year compound annual growth rate of +1.6% (five-year: +5.7%). The all-time peak of $1,492,534,590 was recorded in 2020; the current level is 10% below that high-water mark.

Over the 30-year observation window (1995–2024), 76% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-4.9% acceleration).

The World Trade Flows Characterization classifies pumps: hand, fitted or designed to be fitted with a measuring device, for liquids, other than those of item no. 8413.11 or 8413.19 as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.220). The three largest exporters — China ($597.9M), France ($108.6M), and Germany ($101.7M) — collectively dominate supply flows. The leading exporter has grown at +1.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.061). The three largest import markets are United States ($275.6M), Germany ($64.5M), and Canada ($59.7M). The largest importing market sources from 71 different supplying countries.

Estimated substitution elasticity: -6.01. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → United States at $133.8M, representing 48.6% of the importer's total demand.

The volatility score for pumps: hand, fitted or designed to be fitted with a measuring device, for liquids, other than those of item no. 8413.11 or 8413.19 is 5 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.