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

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

In 2022, after two years of growth, there was significant decline in the Austrian market for vacuum pumps and air or gas compressors, when its value decreased by X% to $X. In general, consumption continues to indicate a slight decline. As a result, consumption attained the peak level of $X, and then declined dramatically in the following year.

Production of Vacuum Pumps and Air or Gas Compressors in Austria

In value terms, production of vacuum pumps and air or gas compressors surged to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt shrinkage. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Austria

In 2022, overseas shipments of vacuum pumps and air or gas compressors were finally on the rise to reach X units after three years of decline. Overall, exports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors fell to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), Slovakia (X units) and Poland (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Austria, together comprising X% of total exports.

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

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Austria were Germany ($X), Poland ($X) and the UK ($X), with a combined X% share of total exports.

Among the main countries of destination, the UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then contracted significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Austria

Imports of vacuum pumps and air or gas compressors into Austria shrank to X units in 2022, which is down by X% against the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X units in 2021, and then dropped in the following year.

In value terms, imports of vacuum pumps and air or gas compressors dropped to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Romania (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to Austria, together accounting for X% of total imports. Poland, Italy, Slovakia, Taiwan (Chinese), the Netherlands, Slovenia, France and Hungary lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), Romania ($X) and Poland ($X) constituted the largest vacuum pump and air or gas compressor suppliers to Austria, together accounting for X% of total imports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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