Asia-Pacific: Market for Turbo, Rotary and Reciporating Displacement Compressors 2025

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Asia-Pacific

The Asia-Pacific market for turbo, rotary and reciporating displacement compressors was estimated at $X in 2022, picking up by 3% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Asia-Pacific

In value terms, production of turbo, rotary and reciporating displacement compressors amounted to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed moderate growth. The growth pace was the most rapid in 2018 when the production volume increased by 106%. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports in Asia-Pacific

In 2022, overseas shipments of turbo, rotary and reciporating displacement compressors decreased by -12.6% to X units for the first time since 2015, thus ending a six-year rising trend. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +50.3% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors contracted to $X in 2022. The total export value increased at an average annual rate of +3.7% over the period 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 27% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

China prevails in compressors structure, amounting to X units, which was near 80% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), constituting a 9% share of total exports. India (X units), Taiwan (Chinese) (X units), Thailand (X units) and Japan (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +5.1% from 2012 to 2022. At the same time, India (+7.8%), Thailand (+6.5%), Hong Kong SAR (+4.4%) and Japan (+3.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +7.8% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest turbo, rotary and reciporating displacement compressor supplier in Asia-Pacific, comprising 62% of total exports. The second position in the ranking was taken by Japan ($X), with a 9.8% share of total exports. It was followed by India, with a 7.2% share.

In China, exports of turbo, rotary and reciporating displacement compressors increased at an average annual rate of +8.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-6.3% per year) and India (+3.1% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, rising by 12% against the previous year. In general, the export price, however, continues to indicate a slight slump. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the 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 Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports in Asia-Pacific

For the sixth year in a row, Asia-Pacific recorded growth in supplies from abroad of turbo, rotary and reciporating displacement compressors, which increased by 9.6% to X units in 2022. Overall, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 33%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, imports of turbo, rotary and reciporating displacement compressors declined slightly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 20%. Over the period under review, imports of reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Hong Kong SAR (X units), Thailand (X units), India (X units), Japan (X units) and Vietnam (X units) represented the largest importer of turbo, rotary and reciporating displacement compressors in Asia-Pacific, committing 82% of total import. It was distantly followed by China (X units), mixing up a 4.7% share of total imports. Taiwan (Chinese) (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and India ($X) were the countries with the highest levels of imports in 2022, together comprising 50% of total imports. Japan, Vietnam, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further 18%.

Among the main importing countries, Vietnam, with a CAGR of +10.5%, recorded the highest growth rate of 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, which is down by -9.1% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 an increase of 0.2% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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