HS Code:
The Multi-stage, single- or double-suction category (likely under HS Code 8413.70, which covers centrifugal pumps) includes pumps designed for various industrial and commercial applications. These pumps are characterized by multiple stages or impellers to increase pressure and are used in water supply systems, irrigation, industrial processes, and HVAC systems. They are critical for handling high-pressure fluid transfer with efficiency and are available in both single-suction (fluid enters from one side) and double-suction (fluid enters from both sides) configurations. This category is a significant segment of the global pump market due to its wide applicability across sectors like agriculture, manufacturing, and construction.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.3 billion
25.0% of total trade of total trade
Increasing
USD 850 million
16.3% of total trade of total trade
Stable
USD 700 million
13.5% of total trade of total trade
Increasing
USD 500 million
9.6% of total trade of total trade
Stable
USD 400 million
7.7% of total trade of total trade
Increasing
Average Rate
5.5%
Highest Rate
12% (imposed by certain developing countries to protect domestic manufacturers)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand for energy-efficient pumps
Manufacturers are increasingly focusing on producing pumps with lower energy consumption to meet global sustainability goals, driving innovation and market growth.
2022
Growth in industrial automation
Increased adoption of smart pumps integrated with IoT for real-time monitoring and control is boosting demand in developed markets.
2021-2023
Urbanization and infrastructure development
Rapid urbanization in Asia and Africa is increasing the need for water management and HVAC systems, leading to higher demand for multi-stage pumps.
2020-2022
The European Union introduced stricter energy efficiency standards for industrial pumps, requiring manufacturers to comply with new Ecodesign directives.
January 2023
This may increase production costs for non-compliant manufacturers but offers long-term market advantages for those investing in sustainable technologies.
The imposition of additional tariffs by the United States on Chinese pump imports has led to a shift in supply chains, with some companies sourcing from alternative countries like India and Vietnam.
Mid-2022
This has disrupted trade flows, increased costs for US importers, and created opportunities for other exporting nations.
Major manufacturers have launched new multi-stage pumps with enhanced durability and smart features, catering to industrial automation trends.
October 2022
This is expected to increase market competitiveness and drive adoption in high-tech industries.