Machinery for Filtering or Purifying Gases Market

The article provides a detailed analysis of the machinery for filtering or purifying gases market, forecasting a decrease in consumption and market performance over the next eight years. It explores global consumption trends, production volumes, import and export dynamics, key players in the market, and variations in pricing strategies. Countries with the highest consumption, production, import, and export levels are identified, along with the average prices and growth rates for machinery for filtering or purifying gases.

Market Forecast

The market for machinery for filtering or purifying gases is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.0% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 809M units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +1.7% for the period from 2022 to 2030, which is projected to bring the market value to $97.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Machinery for Filtering or Purifying Gases

In 2022, the amount of machinery for filtering or purifying gases consumed worldwide soared to 810M units, rising by 16% compared with the year before. In general, consumption continues to indicate a resilient expansion. Over the period under review, global consumption of reached the peak volume in 2022 and is expected to retain growth in years to come.

The value of the market for machinery for filtering or purifying gases worldwide soared to $85.5B in 2022, with an increase of 44% 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). Overall, consumption continues to indicate strong growth. 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 China (175M units), the United States (99M units) and Spain (64M units), together accounting for 42% of global consumption. Thailand, Australia, Brazil, India, Hungary, Singapore, Canada, France, Belgium and the Netherlands lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of gases, amongst the main consuming countries, was attained by Hungary (with a CAGR of +62.0%), while gases for the other global leaders experienced more modest paces of growth.

In value terms, Spain ($13.5B), Thailand ($12.2B) and China ($8.7B) appeared to be the countries with the highest levels of market value in 2022, with a combined 40% share of the global market. Hungary, the United States, Belgium, France, the Netherlands, Australia, Canada, India, Singapore and Brazil lagged somewhat behind, together comprising a further 29%.

Hungary, with a CAGR of +59.3%, saw the highest growth rate of market size among the main consuming countries over the period under review, while gases for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of machinery for filtering or purifying gases per capita consumption in 2022 were Singapore (4.2 units per person), Hungary (2.6 units per person) and Australia (1.6 units per person).

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +62.4%), while gases for the other global leaders experienced more modest paces of growth.

Production

World Production of Machinery for Filtering or Purifying Gases

In 2022, production of machinery for filtering or purifying gases decreased by -9.2% to 761M units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 207%. As a result, production attained the peak volume of 872M units. From 2019 to 2022, global production of growth failed to regain momentum.

In value terms, production of machinery for filtering or purifying gases dropped to $28.4B in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when the production volume increased by 124% against the previous year. As a result, production attained the peak level of $36.3B. From 2019 to 2022, global production of growth failed to regain momentum.

Production By Country

China (357M units) constituted the country with the largest volume of production of machinery for filtering or purifying gases, accounting for 47% of total volume. Moreover, production of machinery for filtering or purifying gases in China exceeded the figures recorded by the second-largest producer, Thailand (63M units), sixfold. The third position in this ranking was taken by Germany (52M units), with a 6.9% share.

In China, production of machinery for filtering or purifying gases increased at an average annual rate of +34.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+17.2% per year) and Germany (+0.7% per year).

Imports

World Imports of Machinery for Filtering or Purifying Gases

In 2022, after ten years of growth, there was significant decline in supplies from abroad of machinery for filtering or purifying gases, when their volume decreased by -11.2% to 885M units. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year. Global imports peaked at 998M units in 2021, and then reduced in the following year.

In value terms, imports of machinery for filtering or purifying gases contracted markedly to $23B in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of $34.3B, and then reduced markedly in the following year.

Imports By Country

The countries with the highest levels of imports of machinery for filtering or purifying gases in 2022 were the United States (117M units), Germany (83M units) and Spain (75M units), together recording 31% of total import. Australia (44M units) held a 4.9% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (4.8%), China (4.7%) and Brazil (4.6%). India (37M units), Singapore (32M units), Belgium (30M units), Canada (30M units), Poland (29M units) and France (29M units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +52.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest machinery for filtering or purifying gases importing markets worldwide were the United States ($2.6B), Germany ($2.3B) and China ($1.1B), together comprising 26% of global imports. Spain, Poland, Canada, France, Belgium, Australia, India, Singapore, Brazil and Thailand lagged somewhat behind, together comprising a further 22%.

In terms of the main importing countries, Singapore, with a CAGR of +14.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for machinery for filtering or purifying gases stood at $26 per unit in 2022, waning by -24.4% against the previous year. Over the period under review, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 2.3%. As a result, import price reached the peak level of $100 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($28 per unit), while Thailand ($5.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-4.0%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Machinery for Filtering or Purifying Gases

After two years of growth, overseas shipments of machinery for filtering or purifying gases decreased by -26.4% to 836M units in 2022. In general, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 208% against the previous year. Over the period under review, the global exports of hit record highs at 1.1B units in 2021, and then shrank markedly in the following year.

In value terms, exports of machinery for filtering or purifying gases shrank dramatically to $23B in 2022. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $32.9B, and then shrank significantly in the following year.

Exports By Country

In 2022, China (223M units), distantly followed by Germany (125M units), Poland (53M units), Thailand (51M units) and Italy (38M units) were the largest exporters of machinery for filtering or purifying gases, together comprising 59% of total exports. The following exporters - the Czech Republic (36M units), the Netherlands (22M units), Belarus (22M units), the United States (21M units), Mexico (20M units), Slovakia (20M units), France (18M units) and the UK (18M units) - together made up 21% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +68.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest machinery for filtering or purifying gases supplying countries worldwide were Germany ($3.7B), China ($3.3B) and the United States ($2.3B), with a combined 41% share of global exports. Mexico, Poland, the UK, the Czech Republic, Italy, the Netherlands, France, Thailand, Slovakia and Belarus lagged somewhat behind, together accounting for a further 32%.

Poland, with a CAGR of +24.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for machinery for filtering or purifying gases amounted to $28 per unit, falling by -4.9% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 45% against the previous year. The global export price peaked at $95 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Mexico ($111 per unit), while Belarus ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.5%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform