Australia and Oceania: Vacuum Pump Market 2024

Vacuum Pump Market Size in Australia and Oceania

The vacuum pump market in Australia and Oceania expanded sharply to $X in 2022, picking up by 11% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Vacuum Pump Production in Australia and Oceania

In value terms, vacuum pump production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vacuum Pump Exports

Exports in Australia and Oceania

In 2022, approx. X units of vacuum pumps were exported in Australia and Oceania; picking up by 68% compared with 2021. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 129% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, vacuum pump exports soared to $X in 2022. Over the period under review, exports showed modest growth. The most prominent rate of growth was recorded in 2016 when exports increased by 124% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia represented the key exporter of vacuum pumps in Australia and Oceania, with the volume of exports accounting for X units, which was near 82% of total exports in 2022. It was distantly followed by New Zealand (X units), creating an 18% share of total exports.

Australia was also the fastest-growing in terms of the vacuum pumps exports, with a CAGR of +14.9% from 2012 to 2022. At the same time, New Zealand (+7.8%) displayed positive paces of growth. Australia (+11 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -11.2% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest vacuum pump supplier in Australia and Oceania, comprising 90% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 9.6% share of total exports.

In Australia, vacuum pump exports expanded at an average annual rate of +2.0% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, which is down by -13.8% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 66% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 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 Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-9.6%).

Vacuum Pump Imports

Imports in Australia and Oceania

In 2022, the amount of vacuum pumps imported in Australia and Oceania soared to X units, growing by 25% compared with 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 27%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vacuum pump imports reached $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X units) was the main importer of vacuum pumps, constituting 64% of total imports. It was distantly followed by New Zealand (X units), constituting a 34% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of -0.1%).

In value terms, Australia ($X) constitutes the largest market for imported vacuum pumps in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +2.7%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, waning by -8.4% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 increased by +39.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 53% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 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 New Zealand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+8.2%).

Source: IndexBox Platform

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