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

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

The Canadian market for vacuum pumps and air or gas compressors totaled $X in 2022, increasing by 15% against the previous year. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +87.5% against 2016 indices. Consumption of peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Vacuum Pumps and Air or Gas Compressors in Canada

In value terms, production of vacuum pumps and air or gas compressors skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 148% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Canada

After five years of decline, shipments abroad of vacuum pumps and air or gas compressors increased by 60% to X units in 2022. Overall, exports showed a relatively flat trend pattern. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of vacuum pumps and air or gas compressors soared to $X in 2022. In general, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.4% against 2020 indices. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Canada, accounting for a 82% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to the United States exceeded the volume sent to the second major destination, the UK (X units), ninefold. The third position in this ranking was held by Brazil (X units), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+21.0% per year) and Brazil (+59.5% per year).

In value terms, the United States ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from Canada, comprising 80% of total exports. The second position in the ranking was taken by Brazil ($X), with a 0.6% share of total exports. It was followed by Germany, with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+30.0% per year) and Germany (-10.0% per year).

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, shrinking by -11.3% against the previous year. Over the period under review, the export price, however, posted a notable expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 94% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($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 the United States (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Canada

In 2022, the amount of vacuum pumps and air or gas compressors imported into Canada expanded remarkably to X units, picking up by 7.1% compared with the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 8.5%. Over the period under review, imports of reached the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of vacuum pumps and air or gas compressors rose remarkably to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 15%. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Mexico (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to Canada, with a combined 83% share of total imports. Taiwan (Chinese), Japan and Vietnam lagged somewhat behind, together accounting for a further 9.7%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +163.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Canada, comprising 58% of total imports. The second position in the ranking was held by China ($X), with a 9.1% share of total imports. It was followed by Mexico, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.7% per year) and Mexico (-2.4% per year).

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, rising by 4.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 14% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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