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

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

The CIS market for vacuum pumps and air or gas compressors skyrocketed to $X in 2022, jumping by 21% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Vacuum Pumps and Air or Gas Compressors in CIS

In value terms, production of vacuum pumps and air or gas compressors rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible decrease. The growth pace was the most rapid in 2020 with an increase of 62% against the previous year. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in CIS

In 2022, exports of vacuum pumps and air or gas compressors in the CIS fell to X units, which is down by -7.5% against the previous year's figure. Total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -23.3% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 26%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors contracted to $X in 2022. Total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +30.5% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 98%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Belarus (X units) and Russia (X units) represented roughly 82% of total exports in 2022. It was distantly followed by Armenia (X units), constituting a 16% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +146.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest vacuum pump and air or gas compressor supplying countries in the CIS were Belarus ($X), Russia ($X) and Armenia ($X), with a combined 93% share of total exports.

In terms of the main exporting countries, Russia, with a CAGR of +3.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, growing by 6.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 61% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+4.2%), while the other leaders experienced a decline in the export price figures.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in CIS

Imports of vacuum pumps and air or gas compressors declined to X units in 2022, shrinking by -6% on the year before. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 55%. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of vacuum pumps and air or gas compressors reached $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 57% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia prevails in compressors structure, reaching X units, which was near 82% of total imports in 2022. It was distantly followed by Uzbekistan (X units), creating a 7.4% share of total imports. Belarus (X units), Kazakhstan (X units) and Kyrgyzstan (X units) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of vacuum pumps and air or gas compressors. At the same time, Kyrgyzstan (+32.3%), Uzbekistan (+27.5%), Belarus (+3.3%) and Kazakhstan (+1.1%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +32.3% from 2012-2022. While the share of Uzbekistan (+7.4 p.p.) and Kyrgyzstan (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-10.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported vacuum pumps and air or gas compressors in the CIS, comprising 65% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 15% share of total imports. It was followed by Kazakhstan, with a 14% share.

In Russia, imports of vacuum pumps and air or gas compressors declined by an average annual rate of -2.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+19.6% per year) and Kazakhstan (+6.3% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, surging by 6.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 21%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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