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

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

In 2022, the Italian market for vacuum pumps and air or gas compressors increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a buoyant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Vacuum Pumps and Air or Gas Compressors in Italy

In value terms, production of vacuum pumps and air or gas compressors skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. Production of peaked at $X in 2012; afterwards, it flattened through to 2022.

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Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Italy

In 2022, the amount of vacuum pumps and air or gas compressors exported from Italy declined to X units, remaining stable against the previous year. Over the period under review, exports saw a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of vacuum pumps and air or gas compressors fell modestly to $X in 2022. In general, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Austria (X units), Spain (X units) and France (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Italy, together comprising X% of total exports. Germany, Turkey, Brazil, the United States, India, Poland, Belgium, the Czech Republic, the UK and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while 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 Italy were the United States ($X), France ($X) and Germany ($X), together accounting for X% of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, saw 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. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Austria ($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 Germany (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 Italy

In 2022, overseas purchases of vacuum pumps and air or gas compressors increased by X% to X units, rising for the second consecutive year after three years of decline. The total import volume 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. Imports peaked in 2022 and are 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 indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to Italy, with a X% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), fivefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Germany (X% per year).

In value terms, Germany ($X), China ($X) and Slovakia ($X) were the largest vacuum pump and air or gas compressor suppliers to Italy, with a combined X% share of total imports.

Among the main suppliers, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 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 the UK ($X per unit), while the price for China ($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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