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

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

The African market for vacuum pumps and air or gas compressors contracted slightly to $X in 2022, shrinking by -2.9% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in Africa

In value terms, production of vacuum pumps and air or gas compressors shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2015 with an increase of 21% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in Africa

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported in Africa; waning by -17.2% on 2021. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 61% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors dropped to $X in 2022. Over the period under review, exports saw a slight downturn. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa represented the largest exporter of vacuum pumps and air or gas compressors in Africa, with the volume of exports accounting for X units, which was approx. 47% of total exports in 2022. It was distantly followed by Egypt (X units), Mauritius (X units) and Morocco (X units), together committing a 39% share of total exports. Chad (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 exports from South Africa stood at -4.3%. At the same time, Chad (+103.2%), Mauritius (+62.3%) and Morocco (+21.4%) displayed positive paces of growth. Moreover, Chad emerged as the fastest-growing exporter exported in Africa, with a CAGR of +103.2% from 2012-2022. By contrast, Egypt (-12.0%) illustrated a downward trend over the same period. Mauritius (+13 p.p.), South Africa (+6.4 p.p.), Morocco (+4.8 p.p.) and Chad (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while Egypt saw its share reduced by -20.6% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest vacuum pump and air or gas compressor supplier in Africa, comprising 53% of total exports. The second position in the ranking was held by Morocco ($X), with a 14% share of total exports. It was followed by Egypt, with a 5.4% share.

In South Africa, exports of vacuum pumps and air or gas compressors decreased by an average annual rate of -1.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (+18.2% per year) and Egypt (-9.8% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, growing by 7% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vacuum pumps and air or gas compressors increased by +4.2% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 100% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 Morocco ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in Africa

In 2022, approx. X units of vacuum pumps and air or gas compressors were imported in Africa; with an increase of 2.6% against the previous year. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by 38% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of vacuum pumps and air or gas compressors shrank to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 16% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, Mozambique (X units) and Egypt (X units) represented the main importers of vacuum pumps and air or gas compressors in Africa, together amounting to approx. 48% of total imports. It was distantly followed by South Africa (X units), Algeria (X units) and Ghana (X units), together creating a 30% share of total imports. Sudan (X units), Kenya (X units), Morocco (X units) and Tunisia (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +34.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum pump and air or gas compressor importing markets in Africa were Algeria ($X), South Africa ($X) and Egypt ($X), together comprising 52% of total imports. Morocco, Tunisia, Ghana, Kenya, Sudan and Mozambique lagged somewhat behind, together comprising a further 17%.

Morocco, with a CAGR of +7.6%, saw 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 Africa stood at $X per unit in 2022, dropping by -7.1% against the previous year. In general, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2015 an increase of 16%. The level of import peaked at $X per unit in 2013; however, from 2014 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 Morocco ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+7.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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