Asia: Vacuum Pump Market 2024

Vacuum Pump Market Size in Asia

The Asian vacuum pump market stood at $X in 2022, surging by 7.9% against the previous year. Overall, consumption, however, continues to indicate a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vacuum Pump Production in Asia

In value terms, vacuum pump production stood at $X in 2022 estimated in export price. In general, production recorded a noticeable downturn. The growth pace was the most rapid in 2014 when the production volume increased by 4.5% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vacuum Pump Exports

Exports in Asia

In 2022, approx. X units of vacuum pumps were exported in Asia; dropping by -7.1% against the previous year. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 30%. The volume of export peaked at X units in 2021, and then contracted in the following year.

In value terms, vacuum pump exports expanded rapidly to $X in 2022. Overall, exports, however, saw resilient growth. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China was the main exporting country with an export of about X units, which recorded 58% of total exports. Japan (X units) took the second position in the ranking, followed by South Korea (X units), Taiwan (Chinese) (X units) and Turkey (X units). All these countries together took near 37% share of total exports. Singapore (X units) held a minor share of total exports.

Exports from China increased at an average annual rate of +11.1% from 2012 to 2022. At the same time, Turkey (+22.5%), South Korea (+15.8%), Japan (+8.4%) and Singapore (+7.0%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.5% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. China (+6.4 p.p.), South Korea (+4.4 p.p.) and Turkey (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while Japan and Taiwan (Chinese) saw its share reduced by -2% and -9.3% from 2012 to 2022, 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 were Japan ($X), South Korea ($X) and China ($X), with a combined 85% share of total exports. Taiwan (Chinese), Singapore and Turkey lagged somewhat behind, together accounting for a further 9.9%.

Turkey, with a CAGR of +17.0%, recorded the highest growth rate of 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 stood at $X per unit in 2022, jumping by 16% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 19% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Turkey ($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

In 2022, purchases abroad of vacuum pumps increased by 16% to X units, rising for the second year in a row after two years of decline. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +53.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, vacuum pump imports rose markedly to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +37.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

The purchases of the three major importers of vacuum pumps, namely China, South Korea and Japan, represented more than half of total import. India (X units) ranks next in terms of the total imports with an 8.4% share, followed by Thailand (5.6%) and Singapore (4.9%). Hong Kong SAR (X units), Malaysia (X units), the United Arab Emirates (X units), Vietnam (X units), Turkey (X units) and Saudi Arabia (X units) followed a long way behind the leaders.

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 ($X) constitutes the largest market for imported vacuum pumps in Asia, comprising 40% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by Japan, with a 9.7% share.

In China, vacuum pump imports expanded at an average annual rate of +12.1% over the period from 2012-2022. 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 amounted to $X per unit, falling by -2.4% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 -12.4% against 2018 indices. The growth pace was the most rapid in 2016 when the import price increased by 22%. The level of import peaked at $X per unit in 2018; however, from 2019 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 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) :