Overview of the Global Market for Turbo, Rotary and Reciporating Displacement Compressors

Market Size for Turbo, Rotary and Reciporating Displacement Compressors

In 2022, the global market for turbo, rotary and reciporating displacement compressors increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the global market remained at a lower figure.

Production of Turbo, Rotary and Reciporating Displacement Compressors

In value terms, production of turbo, rotary and reciporating displacement compressors reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, global production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports

After five years of growth, shipments abroad of turbo, rotary and reciporating displacement compressors decreased by X% to X units in 2022. Overall, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the global exports of attained the maximum at X units in 2021, and then shrank in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors reached $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the global exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China dominates compressors structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units) and Germany (X units), together committing an X% share of total exports. Poland (X units), India (X units), Mexico (X units), the United States (X units), Taiwan (Chinese) (X units), Thailand (X units), Slovakia (X units) and Romania (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to turbo, rotary and reciporating displacement compressor exports from China stood at X%. At the same time, Slovakia (X%), Poland (X%), Mexico (X%), India (X%), Thailand (X%), the United States (X%), Hong Kong SAR (X%), Taiwan (Chinese) (X%) and Germany (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Romania experienced a relatively flat trend pattern. From 2012 to 2022, the share of China, Poland and Slovakia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Mexico, Romania, Poland, Slovakia, India, Thailand, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports

For the third consecutive year, the global market recorded growth in purchases abroad of turbo, rotary and reciporating displacement compressors, which increased by X% to X units in 2022. Over the period under review, total imports indicated resilient 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 pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, global imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of turbo, rotary and reciporating displacement compressors totaled $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 remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X units), Mexico (X units), Hong Kong SAR (X units), Thailand (X units), Germany (X units), India (X units), China (X units), the UK (X units), Poland (X units), the Czech Republic (X units), France (X units) and Russia (X units) was the main importer of turbo, rotary and reciporating displacement compressors in the world, making up X% of total import. Malaysia (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest turbo, rotary and reciporating displacement compressor importing markets worldwide were the United States ($X), Germany ($X) and China ($X), together accounting for X% of global imports. The UK, Mexico, Thailand, Russia, India, France, Poland, Malaysia, the Czech Republic and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, which is down by X% against the previous year. In general, the import price continues to indicate a abrupt descent. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Russia ($X per unit), while Hong Kong SAR ($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 States (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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