Asia-Pacific: Vacuum Pump Market 2024

Vacuum Pump Market Size in Asia-Pacific

The Asia-Pacific vacuum pump market expanded markedly to $X in 2022, picking up by 7.9% against the previous year. Overall, consumption, however, saw a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vacuum Pump Production in Asia-Pacific

In value terms, vacuum pump production reached $X in 2022 estimated in export price. Over the period under review, production showed a noticeable descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by 4.4%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vacuum Pump Exports

Exports in Asia-Pacific

Vacuum pump exports fell to X units in 2022, waning by -7.5% compared with the previous year's figure. In general, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by 30% against the previous year. The volume of export peaked at X units in 2021, and then contracted in the following year.

In value terms, vacuum pump exports expanded notably to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of about X units, which finished at 61% of total exports. Japan (X units) took the second position in the ranking, followed by South Korea (X units) and Taiwan (Chinese) (X units). All these countries together held approx. 34% share of total exports. Singapore (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vacuum pump exports from China stood at +11.1%. At the same time, South Korea (+15.8%), Japan (+8.4%) and Singapore (+7.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +15.8% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and South Korea increased by +8.6 and +4.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vacuum pump supplying countries in Asia-Pacific were Japan ($X), South Korea ($X) and China ($X), together comprising 87% of total exports.

China, with a CAGR of +11.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Asia-Pacific stood at $X per unit in 2022, jumping by 17% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 19% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.6%), while the other leaders experienced more modest paces of growth.

Vacuum Pump Imports

Imports in Asia-Pacific

In 2022, vacuum pump imports in Asia-Pacific skyrocketed to X units, rising by 17% compared with 2021. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.9% 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 +63.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, vacuum pump imports rose sharply to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.7% 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 +43.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units), South Korea (X units) and Japan (X units) was the major importer of vacuum pumps in Asia-Pacific, making up 63% of total import. India (X units) took the next position in the ranking, followed by Thailand (X units) and Singapore (X units). All these countries together took near 21% share of total imports. Hong Kong SAR (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +29.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported vacuum pumps in Asia-Pacific, comprising 43% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +12.1%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+5.8% per year) and Japan (+6.8% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, dropping by -4.5% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum pump import price decreased by -14.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 29% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 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 Hong Kong SAR (+14.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :