World - Centrifuges - Market Analysis, Forecast, Size, Trends And Insights
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The global centrifuges market is expected to experience steady growth from 2022 to 2030, with consumption and production on the rise. India and the United States lead in consumption, while China dominates production and exports. Germany remains the largest exporter in terms of value. Import prices have seen fluctuations, with China, Germany, and South Africa showing positive growth rates. Overall, the market is projected to continue its upward trend in the coming years.
Market Forecast
Driven by increasing demand for centrifuges worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.6% for the period from 2022 to 2030, which is projected to bring the market volume to 7.1M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market value to $12.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Centrifuges
In 2022, approx. 6.7M units of centrifuges were consumed worldwide; increasing by 31% on the previous year's figure. Over the period under review, consumption posted a resilient increase. Global consumption peaked in 2022 and is likely to continue growth in the near future.
The global centrifuges market size soared to $10.4B in 2022, rising by 34% 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). In general, consumption enjoyed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were India (1.6M units), the United States (1.6M units) and Canada (802K units), with a combined 59% share of global consumption. The Philippines, the Dominican Republic, South Africa, China and Germany lagged somewhat behind, together accounting for a further 25%.
From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +90.9%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, India ($3.4B) led the market, alone. The second position in the ranking was held by the United States ($1.2B). It was followed by China.
In India, the centrifuges market expanded at an average annual rate of +35.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+20.5% per year) and China (+5.5% per year).
The countries with the highest levels of centrifuges per capita consumption in 2022 were the Dominican Republic (30 units per 1000 persons), Canada (21 units per 1000 persons) and the Philippines (6.4 units per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the Dominican Republic (with a CAGR of +89.2%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Centrifuges
In 2022, the amount of centrifuges produced worldwide skyrocketed to 1.6M units, rising by 67% compared with the year before. In general, the total production indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% 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 +50.5% against 2019 indices. As a result, production attained the peak volume and is likely to continue growth in the immediate term.
In value terms, centrifuges production amounted to $4.3B in 2022 estimated in export price. Overall, production, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2019 when the production volume increased by 23%. Over the period under review, global production reached the maximum level at $5.8B in 2014; however, from 2015 to 2022, production failed to regain momentum.
Production By Country
China (832K units) constituted the country with the largest volume of centrifuges production, comprising approx. 54% of total volume. Moreover, centrifuges production in China exceeded the figures recorded by the second-largest producer, Germany (214K units), fourfold. Switzerland (76K units) ranked third in terms of total production with a 4.9% share.
In China, centrifuges production expanded at an average annual rate of +5.8% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Germany (+3.7% per year) and Switzerland (+14.2% per year).
Imports
World Imports of Centrifuges
In 2022, the amount of centrifuges imported worldwide skyrocketed to 6.3M units, increasing by 32% against 2021 figures. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 49%. Over the period under review, global imports attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, centrifuges imports expanded to $2.2B in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 11%. Over the period under review, global imports hit record highs at $2.5B in 2014; however, from 2015 to 2022, imports remained at a lower figure.
Imports By Country
India (1.7M units) and the United States (1.6M units) were the largest importers of centrifuges in 2022, amounting to near 27% and 25% of total imports, respectively. It was distantly followed by Canada (806K units), the Philippines (725K units) and the Dominican Republic (333K units), together constituting a 29% share of total imports. South Africa (262K units) held a minor share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Dominican Republic (with a CAGR of +90.7%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($306M) constitutes the largest market for imported centrifuges worldwide, comprising 14% of global imports. The second position in the ranking was taken by India ($62M), with a 2.8% share of global imports. It was followed by Canada, with a 2% share.
In the United States, centrifuges imports increased at an average annual rate of +1.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.5% per year) and Canada (-6.5% per year).
Import Prices By Country
The average centrifuges import price stood at $351 per unit in 2022, which is down by -22% against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 9.7%. Global import price peaked at $1,957 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 the United States ($194 per unit), while the Philippines ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-14.6%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Centrifuges
For the third year in a row, the global market recorded growth in shipments abroad of centrifuges, which increased by 94% to 1.1M units in 2022. Over the period under review, exports showed a temperate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, centrifuges exports expanded to $2.1B in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. The global exports peaked at $2.3B in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
China prevails in exports structure, amounting to 629K units, which was near 55% of total exports in 2022. Germany (107K units) took a 9.4% share (based on physical terms) of total exports, which put it in second place, followed by India (9%), Switzerland (5.9%) and Singapore (5.2%). South Africa (31K units) and Hong Kong SAR (25K units) took a little share of total exports.
From 2012 to 2022, average annual rates of growth with regard to centrifuges exports from China stood at +4.8%. At the same time, South Africa (+51.2%), Switzerland (+18.1%), Hong Kong SAR (+18.0%) and Germany (+4.7%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in the world, with a CAGR of +51.2% from 2012-2022. By contrast, India (-3.6%) and Singapore (-8.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Switzerland, South Africa, Hong Kong SAR and Germany increased by +10, +4.4, +2.6, +1.6 and +1.6 percentage points, respectively.
In value terms, Germany ($877M) remains the largest centrifuges supplier worldwide, comprising 41% of global exports. The second position in the ranking was taken by China ($304M), with a 14% share of global exports. It was followed by India, with a 3.2% share.
From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: China (+7.1% per year) and India (-0.6% per year).
Export Prices By Country
The average centrifuges export price stood at $1,857 per unit in 2022, which is down by -46.2% against the previous year. In general, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2015 an increase of 106%. As a result, the export price attained the peak level of $5,417 per unit. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($8,211 per unit), while South Africa ($83 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global centrifuges market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32501380 - Centrifuges of a kind used in laboratories (excluding cream separators, clothes dryers)
- Prodcom 28294100 - Centrifuges (excluding cream separators, clothes dryers, t hose used in laboratories)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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