Australia and Oceania: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Australia and Oceania

The market for vacuum pumps and air or gas compressors in Australia and Oceania amounted to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption continues to indicate a perceptible shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in Australia and Oceania

In value terms, production of vacuum pumps and air or gas compressors rose significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced setback. The growth pace was the most rapid in 2018 when the production volume increased by 60%. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in Australia and Oceania

In 2022, exports of vacuum pumps and air or gas compressors in Australia and Oceania skyrocketed to X units, increasing by 48% compared with 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of vacuum pumps and air or gas compressors skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a pronounced shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia dominates compressors structure, reaching X units, which was approx. 95% of total exports in 2022. It was distantly followed by New Zealand (X units), comprising a 4.5% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of vacuum pumps and air or gas compressors. New Zealand (-3.3%) illustrated a downward trend over the same period. Australia (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -1.9% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest vacuum pump and air or gas compressor supplier in Australia and Oceania, comprising 89% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 9.8% share of total exports.

In Australia, exports of vacuum pumps and air or gas compressors declined by an average annual rate of -1.4% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, declining by -17.3% against the previous year. Overall, the export price recorded a noticeable setback. The growth pace was the most rapid in 2013 when the export price increased by 14%. The level of export peaked 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 New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-1.9%).

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in Australia and Oceania

In 2022, overseas purchases of vacuum pumps and air or gas compressors decreased by -7.6% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 27%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, imports of vacuum pumps and air or gas compressors expanded significantly to $X in 2022. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Australia was the main importing country with an import of around X units, which finished at 86% of total imports. It was distantly followed by New Zealand (X units), creating an 11% share of total imports. Papua New Guinea (X units) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of vacuum pumps and air or gas compressors. New Zealand experienced a relatively flat trend pattern. Papua New Guinea (-4.1%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported vacuum pumps and air or gas compressors in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -5.9%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-1.1% per year) and Papua New Guinea (-2.3% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, picking up by 24% against the previous year. Overall, the import price, however, showed a abrupt setback. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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