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

Market Size for Vacuum Pumps and Air or Gas Compressors in the EU

The EU market for vacuum pumps and air or gas compressors reduced slightly to $X in 2022, declining by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Vacuum Pumps and Air or Gas Compressors in the EU

In value terms, production of vacuum pumps and air or gas compressors expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible slump. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Exports of Vacuum Pumps and Air or Gas Compressors

Exports in the EU

In 2022, the amount of vacuum pumps and air or gas compressors exported in the European Union dropped slightly to X units, stabilizing at the year before. Over the period under review, exports, however, saw a modest increase. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors contracted to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Germany (X units), distantly followed by Poland (X units), Slovakia (X units), France (X units), Italy (X units), the Netherlands (X units), the Czech Republic (X units) and Hungary (X units) represented the key exporters of vacuum pumps and air or gas compressors, together making up X% of total exports. Romania (X units), Spain (X units), Austria (X units), Belgium (X units) and Portugal (X units) held a relatively small share of total exports.

Exports from Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), Portugal (X%), Spain (X%), the Czech Republic (X%), Belgium (X%) and Romania (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Hungary and Slovakia experienced a relatively flat trend pattern. By contrast, the Netherlands (X%), France (X%), Austria (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, the Czech Republic, Spain and Germany increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest vacuum pump and air or gas compressor supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In Germany, exports of vacuum pumps and air or gas compressors remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price recorded a slight descent. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while Spain ($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 other leaders experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in the EU

In 2022, the amount of vacuum pumps and air or gas compressors imported in the European Union rose to X units, growing by X% against 2021. Total imports indicated a strong 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 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, imports of vacuum pumps and air or gas compressors declined modestly 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 being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

Germany represented the major importing country with an import of about X units, which reached X% of total imports. It was distantly followed by Poland (X units), France (X units), Italy (X units), Spain (X units), the Netherlands (X units) and the Czech Republic (X units), together constituting a X% share of total imports. Hungary (X units), Slovakia (X units), Romania (X units), Belgium (X units), Austria (X units) and Sweden (X units) held a minor share of total imports.

Imports into Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, the Czech Republic (X%), the Netherlands (X%), Poland (X%), Slovakia (X%), Romania (X%), Belgium (X%), Spain (X%), Italy (X%), Hungary (X%) and France (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, Sweden (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany and the Czech Republic increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Germany, 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: France (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, reducing by X% against the previous year. In general, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while Spain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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