Water Filter Market

The article provides a detailed analysis of the global water filter market from 2022 to 2030, projecting an upward consumption trend with a CAGR of +3.7%. By the end of 2030, the market volume is expected to reach 492M units, with a market value of $52.8B. The United States leads in consumption and imports, while China dominates in production and exports. Canada and India also show significant growth in water filter consumption and imports. The average water filter import price is $29 per unit, with France having the highest price at $46 per unit. Meanwhile, the export price averages $46 per unit, with Germany having the highest price at $148 per unit. Overall, the global water filter market is forecasted to continue growing in the years to come.

Market Forecast

Driven by increasing demand for machinery for filtering or purifying water worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market volume to 492M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.4% for the period from 2022 to 2030, which is projected to bring the market value to $52.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Machinery For Filtering Or Purifying Water

In 2022, consumption of machinery for filtering or purifying water decreased by -8.5% to 368M units for the first time since 2016, thus ending a five-year rising trend. Overall, consumption, however, showed prominent growth. Over the period under review, global consumption hit record highs at 402M units in 2021, and then declined in the following year.

The global water filter market revenue reduced to $34.6B in 2022, falling by -12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a prominent expansion. As a result, consumption reached the peak level of $39.3B, and then shrank in the following year.

Consumption By Country

The country with the largest volume of water filter consumption was the United States (115M units), comprising approx. 31% of total volume. Moreover, water filter consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada (34M units), threefold. The third position in this ranking was held by China (32M units), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume in the United States stood at +4.2%. In the other countries, the average annual rates were as follows: Canada (+43.7% per year) and China (+8.4% per year).

In value terms, Pakistan ($13.9B) led the market, alone. The second position in the ranking was held by the United States ($3.5B). It was followed by France.

From 2012 to 2022, the average annual rate of growth in terms of value in Pakistan totaled +17.1%. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+4.3% per year) and France (+17.2% per year).

In 2022, the highest levels of water filter per capita consumption was registered in Canada (873 units per 1000 persons), followed by Malaysia (375 units per 1000 persons), the United States (343 units per 1000 persons) and Poland (217 units per 1000 persons), while the world average per capita consumption of water filter was estimated at 47 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the water filter per capita consumption in Canada stood at +42.1%. In the other countries, the average annual rates were as follows: Malaysia (+11.3% per year) and the United States (+3.5% per year).

Production

World Production of Machinery For Filtering Or Purifying Water

In 2022, production of machinery for filtering or purifying water decreased by -13.9% to 261M units for the first time since 2016, thus ending a five-year rising trend. Overall, the total production indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +90.0% against 2016 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by 42% against the previous year. As a result, production attained the peak volume of 303M units, and then contracted in the following year.

In value terms, water filter production declined to $29.2B in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, production attained the peak level of $33.3B, and then reduced in the following year.

Production By Country

China (79M units) constituted the country with the largest volume of water filter production, comprising approx. 30% of total volume. Moreover, water filter production in China exceeded the figures recorded by the second-largest producer, Mexico (21M units), fourfold. South Korea (15M units) ranked third in terms of total production with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +9.0%. In the other countries, the average annual rates were as follows: Mexico (-1.8% per year) and South Korea (+13.5% per year).

Imports

World Imports of Machinery For Filtering Or Purifying Water

In 2022, overseas purchases of machinery for filtering or purifying water decreased by -2% to 366M units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2015 with an increase of 139%. Over the period under review, global imports hit record highs at 373M units in 2021, and then reduced slightly in the following year.

In value terms, water filter imports rose slightly to $10.7B in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2016 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 12% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

In 2022, the United States (142M units) was the major importer of machinery for filtering or purifying water, achieving 39% of total imports. Canada (67M units) ranks second in terms of the total imports with an 18% share, followed by India (8.2%). The following importers - Malaysia (14M units), Mexico (11M units) and France (11M units) - together made up 9.8% of total imports.

Imports into the United States increased at an average annual rate of +3.4% from 2012 to 2022. At the same time, India (+30.4%), France (+28.1%), Canada (+22.3%), Malaysia (+12.3%) and Mexico (+5.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +30.4% from 2012-2022. While the share of Canada (+13 p.p.), India (+7 p.p.) and France (+2.4 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (-20.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($1.9B) constitutes the largest market for imported machinery for filtering or purifying water worldwide, comprising 18% of global imports. The second position in the ranking was taken by France ($498M), with a 4.6% share of global imports. It was followed by Canada, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +6.7%. The remaining importing countries recorded the following average annual rates of imports growth: France (+7.8% per year) and Canada (+2.4% per year).

Import Prices By Country

The average water filter import price stood at $29 per unit in 2022, rising by 5% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 83%. As a result, import price attained the peak level of $76 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($46 per unit), while India ($5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Machinery For Filtering Or Purifying Water

In 2022, after five years of growth, there was significant decline in overseas shipments of machinery for filtering or purifying water, when their volume decreased by -5.7% to 259M units. In general, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.9% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27%. The global exports peaked at 274M units in 2021, and then contracted in the following year.

In value terms, water filter exports stood at $11.8B in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.1% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 12%. The global exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports By Country

In 2022, China (51M units), followed by Canada (33M units), Mexico (29M units), the United States (27M units), Taiwan (Chinese) (14M units) and South Korea (14M units) represented the largest exporters of machinery for filtering or purifying water, together creating 65% of total exports. The following exporters - Switzerland (11M units), Belgium (8.8M units), Germany (8.7M units), Singapore (7M units), Italy (6.2M units), India (5.6M units) and Israel (5M units) - together made up 20% of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +34.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($2B), Germany ($1.3B) and the United States ($1.3B) were the countries with the highest levels of exports in 2022, together comprising 38% of global exports.

In terms of the main exporting countries, China, with a CAGR of +17.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average water filter export price stood at $46 per unit in 2022, increasing by 9% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2014 an increase of 23%. As a result, the export price reached the peak level of $54 per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($148 per unit), while Mexico ($7.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform