EU: Market for Pneumatic Linear Acting Actuators 2023

Market Size for Pneumatic Linear Acting Actuators in the EU

The EU pneumatic linear acting actuator market shrank to $X in 2022, which is down by -6.5% against the previous year. Over the period under review, consumption, however, saw a mild slump. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Pneumatic Linear Acting Actuators in the EU

In value terms, pneumatic linear acting actuator production fell to $X in 2022 estimated in export price. Overall, production saw a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 14%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in the EU

In 2022, shipments abroad of pneumatic linear acting actuators decreased by -9.3% to X units for the first time since 2019, thus ending a two-year rising trend. Total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +50.2% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. As a result, the exports reached the peak of X units, and then shrank in the following year.

In value terms, pneumatic linear acting actuator exports amounted to $X in 2022. The total export value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Poland (X units) represented the main exporter of pneumatic linear acting actuators, mixing up 50% of total exports. It was distantly followed by Germany (X units), Italy (X units) and Hungary (X units), together creating a 40% share of total exports. The following exporters - the Czech Republic (X units) and Austria (X units) - together made up 4.3% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +14.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest pneumatic linear acting actuator supplier in the European Union, comprising 48% of total exports. The second position in the ranking was taken by Poland ($X), with a 23% share of total exports. It was followed by Italy, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled +3.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+13.3% per year) and Italy (-0.2% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, growing by 11% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 16%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Germany ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pneumatic Linear Acting Actuators

Imports in the EU

Pneumatic linear acting actuator imports amounted to X units in 2022, rising by 3.9% on the year before. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, pneumatic linear acting actuator imports fell slightly to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Germany dominates imports structure, recording X units, which was near 55% of total imports in 2022. It was distantly followed by Italy (X units), France (X units) and Belgium (X units), together making up an 18% share of total imports. The following importers - the Netherlands (X units), Poland (X units), Spain (X units), Austria (X units), Sweden (X units), the Czech Republic (X units) and Finland (X units) - together made up 20% of total imports.

From 2012 to 2022, average annual rates of growth with regard to pneumatic linear acting actuator imports into Germany stood at +1.6%. At the same time, Spain (+7.2%), the Czech Republic (+6.2%), Sweden (+6.1%), France (+4.8%), Belgium (+3.7%) and Finland (+3.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +7.2% from 2012-2022. The Netherlands, Austria and Italy experienced a relatively flat trend pattern. By contrast, Poland (-3.9%) illustrated a downward trend over the same period. While the share of Italy (-1.8 p.p.), Germany (-1.9 p.p.) and Poland (-2.8 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the countries with the highest levels of imports in 2022, together comprising 54% of total imports. The Netherlands, Poland, Austria, Sweden, the Czech Republic, Spain, Belgium and Finland lagged somewhat behind, together accounting for a further 36%.

The Netherlands, with a CAGR of +4.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, dropping by -6.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 13%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Italy ($X per unit), while Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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