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

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

In 2022, after two years of decline, there was significant growth in the Chinese market for vacuum pumps and air or gas compressors, when its value increased by X% to $X. In general, consumption, however, saw a slight shrinkage. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in China

In value terms, production of vacuum pumps and air or gas compressors stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production of attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from China

In 2022, overseas shipments of vacuum pumps and air or gas compressors decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, total exports indicated a noticeable expansion 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, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then dropped in the following year.

In value terms, exports of vacuum pumps and air or gas compressors stood at $X in 2022. In general, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), India (X units) and Japan (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from China, with a combined X% share of total exports. Thailand, Indonesia, Turkey, Mexico, Germany, South Korea, Vietnam, Brazil, Russia and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (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 China were the United States ($X), India ($X) and Russia ($X), with a combined X% share of total exports. Thailand, South Korea, Japan, Turkey, Mexico, Germany, Indonesia, Brazil, Vietnam and the Netherlands lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, rising by X% against the previous year. In general, export price indicated noticeable growth 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. Based on 2022 figures, export price for vacuum pumps and air or gas compressors increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to the Netherlands ($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 China

In 2022, after two years of growth, there was significant decline in supplies from abroad of vacuum pumps and air or gas compressors, when their volume decreased by X% to X units. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then reduced notably in the following year.

In value terms, imports of vacuum pumps and air or gas compressors reduced to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Japan (X units), Germany (X units) and Brazil (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to China, with a combined X% share of total imports. Thailand, South Korea, Poland, Slovakia, India, the Czech Republic, the United States, Taiwan (Chinese), Austria and Romania 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, Japan ($X), Germany ($X) and South Korea ($X) appeared to be the largest vacuum pump and air or gas compressor suppliers to China, with a combined X% share of total imports. Thailand, the United States, Taiwan (Chinese), Brazil, the Czech Republic, India, Slovakia, Austria, Romania and Poland lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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, with an increase of X% against the previous year. In general, the import price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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