Vacuum Vessel Market

Vacuum vessel market: enjoy recently published info provided by an Ai-driven business intelligence platform. Statistics cover market size, exports, production, imports, market prices, consumption, trade, and companies. Here is a breakdown by country, including the Middle East, China, Africa, Latin America, Russia, EU, the U.K., and the U.S. Market insights and forecast to 2030 are also featured in the reports.

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Vacuum Vessel - World's Largest Markets

Rating	Country
1	China
2	United States
3	Japan
4	India
5	South Korea

In value terms, China, the United States and Japan constituted the countries with the highest levels of market value in 2020, together comprising 43% of the global market. These countries were followed by India, South Korea, Canada, Saudi Arabia, Brazil, the UK, Germany, Turkey, Nigeria and Ghana, which together accounted for a further 25%.

Ghana (+179.6% per year) recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while vacuum vessel market for the other global leaders experienced more modest paces of growth.

Vacuum Vessel Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
China	8.2	8.5	8.7	3.2%
Germany	12	12	13	1.0%
Average	8.9	9.1	9.5	3.7%

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Germany ($13 per unit), while China amounted to $8.7 per unit.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Japan	18	19	18	0.0%
Canada	15	18	17	3.6%
United States	11	11	13	8.2%
United Kingdom	10	11	11	3.9%
Germany	11	11	11	1.0%
Netherlands	9.4	10	11	7.7%
Mexico	11	10	11	1.0%
South Korea	4.5	7.3	7.3	27.3%
Saudi Arabia	5.8	6.3	6.7	7.3%
Russia	5.8	6.4	6.3	4.1%
India	4.4	5.2	6	16.4%
Nigeria	4.6	4.8	4.6	0.0%
Ghana	1.5	1.1	1	-17.3%
Average	8	9	9.1	6.3%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($18 per unit), while Ghana ($1 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced more modest paces of growth.

Vacuum Vessel - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	0.5	1.1	0.5	2.2%
Japan	0.3	0.3	0.2	-13.7%
Germany	0.1	0.1	0.1	14.0%
Canada	0.09	0.1	0.1	10.9%
South Korea	0.09	0.1	0.1	5.5%

In value terms, the United States ($519M) constitutes the largest market for imported vacuum vessels worldwide, comprising 21% of global imports. The second position in the ranking was occupied by Japan ($241M), with a 9.5% share of global imports. It was followed by Germany, with a 5.3% share.

From 2018 to 2020, the average annual rate of growth in terms of value in the United States amounted to +2.2%. In the other countries, the average annual rates were as follows: Japan (-13.7% per year) and Germany (+14.0% per year).

Vacuum Vessel - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	2.3	2.7	2.6	7.7%
Germany	0.05	0.05	0.1	43.5%

In value terms, China ($2.6B) remains the largest vacuum vessel supplier worldwide, comprising 78% of global exports. The second position in the ranking was occupied by Germany ($100M), with a 3% share of global exports.

From 2018 to 2020, the average annual growth rate of value in China totaled +7.7%.

Vacuum Vessel - Market Forecast

Driven by increasing demand for vacuum vessel worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.