Belgium: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Belgium

The Belgian market for vacuum pumps and air or gas compressors reduced markedly to $X in 2022, which is down by -20.6% against the previous year. Over the period under review, consumption saw a noticeable contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Vacuum Pumps and Air or Gas Compressors in Belgium

In value terms, production of vacuum pumps and air or gas compressors declined markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic descent. The pace of growth was the most pronounced in 2018 with an increase of 99,362%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Belgium

After six years of growth, overseas shipments of vacuum pumps and air or gas compressors decreased by -44.2% to X units in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 144%. The exports peaked at X units in 2021, and then fell significantly in the following year.

In value terms, exports of vacuum pumps and air or gas compressors shrank to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 44%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Germany (X units), France (X units) and Italy (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Belgium, together accounting for 56% of total exports. The UK, Japan, Spain, the Netherlands, Austria, Sweden, the Czech Republic, the United States, Malaysia and Poland lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +57.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Belgium were Germany ($X), the United States ($X) and France ($X), with a combined 37% share of total exports.

Germany, with a CAGR of +14.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, jumping by 61% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 68% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($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 Poland (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Belgium

After three years of growth, supplies from abroad of vacuum pumps and air or gas compressors decreased by -40% to X units in 2022. In general, imports, however, posted mild growth. The most prominent rate of growth was recorded in 2020 with an increase of 81%. Imports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, imports of vacuum pumps and air or gas compressors dropped markedly to $X in 2022. Overall, imports, however, showed a noticeable increase. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to Belgium, together accounting for 51% of total imports. Poland, Italy, Taiwan (Chinese), the Czech Republic, France and the UK lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +21.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Czech Republic ($X) and China ($X) appeared to be the largest vacuum pump and air or gas compressor suppliers to Belgium, together accounting for 43% of total imports.

Among the main suppliers, Italy, with a CAGR of +19.9%, recorded the highest growth rate of 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

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, with an increase of 34% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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