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

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

The Benelux market for vacuum pumps and air or gas compressors reduced to $X in 2022, with a decrease of -11.8% against the previous year. In general, consumption showed a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Vacuum Pumps and Air or Gas Compressors in Benelux

In value terms, production of vacuum pumps and air or gas compressors shrank notably to $X in 2022 estimated in export price. Overall, production showed a abrupt shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by 1,400%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in Benelux

In 2022, after two years of growth, there was significant decline in shipments abroad of vacuum pumps and air or gas compressors, when their volume decreased by -18.9% to X units. Over the period under review, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 42%. The volume of export peaked at X units in 2021, and then dropped notably in the following year.

In value terms, exports of vacuum pumps and air or gas compressors dropped to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

The Netherlands was the main exporter of vacuum pumps and air or gas compressors in Benelux, with the volume of exports amounting to X units, which was near 72% of total exports in 2022. It was distantly followed by Belgium (X units), committing a 28% share of total exports.

Exports from the Netherlands decreased at an average annual rate of -2.7% from 2012 to 2022. Belgium experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belgium increased by +4.8 percentage points.

In value terms, Belgium ($X) remains the largest vacuum pump and air or gas compressor supplier in Benelux, comprising 67% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 33% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium was relatively modest.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, rising by 5.5% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vacuum pumps and air or gas compressors increased by +6.2% against 2020 indices. The pace of growth was the most pronounced in 2015 when the export price increased by 43% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 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 Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.8%).

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in Benelux

In 2022, supplies from abroad of vacuum pumps and air or gas compressors decreased by -8.8% to X units for the first time since 2015, thus ending a six-year rising trend. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +77.2% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, imports of vacuum pumps and air or gas compressors contracted rapidly to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +51.2% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

The Netherlands represented the largest importing country with an import of about X units, which recorded 73% of total imports. It was distantly followed by Belgium (X units), committing a 26% share of total imports.

The Netherlands was also the fastest-growing in terms of the vacuum pumps and air or gas compressors imports, with a CAGR of +6.2% from 2012 to 2022. At the same time, Belgium (+1.7%) displayed positive paces of growth. From 2012 to 2022, the share of the Netherlands increased by +9.1 percentage points.

In value terms, Belgium ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022.

Belgium, with a CAGR of +2.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, shrinking by -11.9% against the previous year. In general, the import price recorded a pronounced contraction. The growth pace was the most rapid in 2021 when the import price increased by 7.2% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.2%).

Source: IndexBox Platform