Air or Vacuum Pump Market - Total EU Exports of Air or Vacuum Pumps and Compressors Show Record Levels, due to the Growth of the Intra-EU Supply
Other Pumps, Compressors, Taps And Valves August 08, 2016
Photo: © Baloncici / Bigstockphoto
Total EU exports on the air or vacuum pump market have reached their peak, increasing to 14,936 million EUR in 2015. After a post-crisis recovery from 2010 to 2012, they leveled off through to 2015, when exports bounced by another 6%.
Germany, Italy, France, and Belgium were the main suppliers of air or vacuum pumps and air or other gas compressors among the EU members, with a combined share of 60% of total exports in 2015. Italy (-2.4% per year) and France (-3.5% per year) showed negative export dynamics from 2007 to 2015, while the export shares of Germany and Belgium remained relatively stable.
Extra-EU exports comprised 41% of total exports and have decreased over the past four years. In 2015, the value of extra-EU exports of air or vacuum pumps and air or other gas compressors amounted to 6,139 million USD, which was 3% less than the year before.
Since about 55% of total EU output of air or vacuum pumps and air or other gas compressors is shipped outside of the EU, this industry is sensitive to the foreign market environment. For many years, the U.S. and China were the main foreign markets. The combined value of shipments to these countries traditionally makes up about 30% of extra-EU exports. The demand from the foreign markets provides substantial support for the manufacturing of air or vacuum pumps and air or other gas compressors in the EU.
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