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📦 Turbine pumps

Turbine pumps

HS Code:

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Overview

Turbine pumps, classified under HS Code 841370, are a type of centrifugal pump designed to move fluids through the use of a rotating impeller within a casing. These pumps are widely used in applications such as water supply, irrigation, industrial processes, and power generation. They are particularly valued for their efficiency in handling high flow rates and low to medium head applications. The global trade of turbine pumps reflects the demand for efficient fluid handling systems across agricultural, industrial, and municipal sectors.

Total Trade Volume

USD 2.5 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

5.2%

Highest Rate

12% (imposed by certain developing countries to protect domestic industries)

Lowest Rate

0% (under free trade agreements such as EU-USMCA)

Common Restrictions

  • Import quotas in specific regions to support local manufacturers
  • Technical standards and certification requirements
  • Anti-dumping duties in response to price undercutting by exporters

Market Trends

Increased demand for energy-efficient pumps

Manufacturers are focusing on developing turbine pumps with lower energy consumption to meet environmental regulations, driving innovation and market growth.

2021-2023

Growth in agricultural irrigation needs

Rising global food demand has led to higher adoption of turbine pumps in irrigation systems, particularly in Asia-Pacific and African regions.

2020-2022

Shift towards smart pump technologies

Integration of IoT and automation in turbine pumps is enhancing operational efficiency, creating new market opportunities in industrial sectors.

2022-2023

Recent Developments

EU Imposes New Energy Standards for Pumps

The European Union introduced stricter energy efficiency regulations for turbine pumps to reduce carbon emissions, requiring manufacturers to comply by mid-2023.

January 2023

This is expected to increase production costs for non-compliant manufacturers but also drive innovation in energy-efficient designs.

US-China Trade Agreement on Industrial Equipment

A new trade agreement reduced tariffs on turbine pumps and other industrial equipment between the US and China, fostering greater market access.

March 2022

This has led to a surge in exports from China to the US, benefiting Chinese manufacturers while increasing competition for domestic US producers.

Technological Breakthrough in Pump Efficiency

A leading German manufacturer unveiled a new line of turbine pumps with 20% higher efficiency due to advanced impeller designs.

September 2022

This development is likely to set a new industry standard, pressuring competitors to innovate and potentially increasing Germany's market share.