Pumps and liquid elevators: n.e.c. in heading no. 8413

In 2024, pumps and liquid elevators: n.e.c. in heading no. 8413 trade exhibited slight decline, with global flows reaching $4,526,184,858 and a three-year compound annual growth rate of +0.3% (five-year: +0.1%). The all-time peak of $5,729,067,865 was recorded in 2011; the current level is 21% below that high-water mark.

Over the 30-year observation window (1995–2024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (+2.1% acceleration).

The World Trade Flows Characterization classifies pumps and liquid elevators: n.e.c. in heading no. 8413 as "Two-way vertical trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.081). The three largest exporters — United States ($720.4M), China ($641.1M), and Italy ($639.7M) — collectively dominate supply flows. The leading exporter has grown at +10.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.030). The three largest import markets are United States ($443.7M), Germany ($356.7M), and United Kingdom ($212.7M). The largest importing market sources from 102 different supplying countries.

Estimated substitution elasticity: -7.19. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is United States → United Kingdom at $108.0M, representing 50.8% of the importer's total demand.

The volatility score for pumps and liquid elevators: n.e.c. in heading no. 8413 is 1 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, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

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