ASEAN: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in ASEAN

The ASEAN market for vacuum pumps and air or gas compressors rose markedly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in ASEAN

In value terms, production of vacuum pumps and air or gas compressors totaled $X in 2022 estimated in export price. Overall, production, however, showed a perceptible decline. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production of growth failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in ASEAN

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported in ASEAN; which is down by X% against the previous year's figure. Overall, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors totaled $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand was the main exporting country with an export of around X units, which accounted for X% of total exports. Malaysia (X units) ranks second in terms of the total exports with a X% share, followed by Singapore (X%). The following exporters - Vietnam (X units) and the Philippines (X units) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vacuum pump and air or gas compressor exports from Thailand stood at X%. At the same time, Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Thailand and Vietnam increased by X, X and X percentage points, respectively.

In value terms, Thailand ($X) remains the largest vacuum pump and air or gas compressor supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Vietnam ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in ASEAN

In 2022, overseas purchases of vacuum pumps and air or gas compressors increased by X% to X units, rising for the seventh consecutive year after two years of decline. Total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of vacuum pumps and air or gas compressors expanded to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Thailand was the main importing country with an import of about X units, which finished at X% of total imports. Malaysia (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%) and Indonesia (X%). The Philippines (X units), Vietnam (X units) and Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vacuum pump and air or gas compressor imports into Thailand stood at X%. At the same time, Myanmar (X%), Vietnam (X%), Singapore (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and Myanmar increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported vacuum pumps and air or gas compressors in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Thailand, imports of vacuum pumps and air or gas compressors expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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