Australia: Vacuum Pump Market 2024

Vacuum Pump Market Size in Australia

In 2022, the Australian vacuum pump market decreased by -6% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Vacuum pump consumption peaked at $X in 2021, and then shrank in the following year.

Vacuum Pump Exports

Exports from Australia

Vacuum pump exports from Australia soared to X units in 2022, rising by 78% compared with the previous year's figure. In general, exports showed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 139%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vacuum pump exports skyrocketed to $X in 2022. Over the period under review, exports posted a notable expansion. The pace of growth was the most pronounced in 2016 with an increase of 149%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Pakistan (X units), New Zealand (X units) and Malaysia (X units) were the main destinations of vacuum pump exports from Australia, with a combined 80% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +23.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), New Zealand ($X) and Singapore ($X) were the largest markets for vacuum pump exported from Australia worldwide, together accounting for 55% of total exports.

In terms of the main countries of destination, Pakistan, with a CAGR of +43.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vacuum pump export price stood at $X per unit in 2022, waning by -12.5% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of 58% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Australia

In 2022, vacuum pump imports into Australia was estimated at X units, increasing by 5.9% against 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, vacuum pump imports rose slightly to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump supplier to Australia, accounting for a 54% share of total imports. Moreover, vacuum pump imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.8% per year) and Taiwan (Chinese) (+8.0% per year).

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the largest vacuum pump suppliers to Australia, together comprising 54% of total imports. Taiwan (Chinese), Japan, the UK, South Korea, Hungary, the Netherlands and Mexico lagged somewhat behind, together accounting for a further 9.9%.

Among the main suppliers, Hungary, with a CAGR of +38.7%, recorded the highest rates of growth with regard to 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 average vacuum pump import price amounted to $X per unit, falling by -2.6% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +28.7% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 32% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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