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

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

After three years of growth, the MENA's market for vacuum pumps and air or gas compressors decreased by X% to $X in 2022. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in MENA

In value terms, production of vacuum pumps and air or gas compressors expanded significantly to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in MENA

In 2022, exports of vacuum pumps and air or gas compressors in MENA expanded rapidly to X units, increasing by X% on 2021 figures. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors surged to $X in 2022. Over the period under review, exports posted a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey was the key exporter of vacuum pumps and air or gas compressors in MENA, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) took the second position in the ranking, distantly followed by Israel (X units) and Egypt (X units). All these countries together took approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vacuum pump and air or gas compressor exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, the United Arab Emirates, 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 export price in MENA stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price showed a measured expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 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 the United Arab Emirates ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in MENA

After five years of growth, supplies from abroad of vacuum pumps and air or gas compressors decreased by X% to X units in 2022. Total imports indicated moderate growth 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 2014 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, imports of vacuum pumps and air or gas compressors reached $X in 2022. Over the period under review, imports recorded a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X units) was the main importer of vacuum pumps and air or gas compressors, mixing up X% of total imports. It was distantly followed by Egypt (X units), Iran (X units), the United Arab Emirates (X units), Algeria (X units) and Iraq (X units), together committing a X% share of total imports. Saudi Arabia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vacuum pump and air or gas compressor imports into Turkey stood at X%. At the same time, Egypt (X%), Iran (X%), Iraq (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Algeria experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt and Turkey increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vacuum pump and air or gas compressor importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Iran ($X), together accounting for X% of total imports. Saudi Arabia, Egypt, Algeria and Iraq lagged somewhat behind, together comprising a further X%.

Algeria, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in MENA amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per unit), while Egypt ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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