CIS: Vacuum Pump Market 2024

Vacuum Pump Market Size in CIS

The CIS vacuum pump market reduced to $X in 2022, which is down by -7% against the previous year. Over the period under review, consumption recorded a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Vacuum Pump Production in CIS

In value terms, vacuum pump production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 156% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Vacuum Pump Exports

Exports in CIS

In 2022, exports of vacuum pumps in the CIS skyrocketed to X units, growing by 100% against the previous year. Over the period under review, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vacuum pump exports skyrocketed to $X in 2022. Overall, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 73% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Belarus (X units) and Russia (X units), together amounting to 99% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +29.7%).

In value terms, Russia ($X) remains the largest vacuum pump supplier in the CIS, comprising 84% of total exports. The second position in the ranking was taken by Belarus ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to +11.2%.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, waning by -23.7% against the previous year. Over the period under review, the export price showed a deep downturn. The growth pace was the most rapid in 2020 when the export price increased by 70% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 Russia ($X per unit), while Belarus totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.7%).

Vacuum Pump Imports

Imports in CIS

Vacuum pump imports declined to X units in 2022, with a decrease of -12.7% compared with 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 113% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vacuum pump imports fell to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 124% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Russia dominates imports structure, finishing at X units, which was approx. 79% of total imports in 2022. Belarus (X units) ranks second in terms of the total imports with a 7.9% share, followed by Kazakhstan (4.7%). Azerbaijan (X units), Armenia (X units) and Kyrgyzstan (X units) held a minor share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of vacuum pumps. At the same time, Azerbaijan (+28.8%), Kyrgyzstan (+26.8%), Armenia (+18.0%) and Belarus (+13.4%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +28.8% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. While the share of Belarus (+5.5 p.p.) and Azerbaijan (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-12.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported vacuum pumps in the CIS, comprising 76% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 12% share of total imports. It was followed by Belarus, with a 6.5% share.

In Russia, vacuum pump imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+4.0% per year) and Belarus (-3.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, with an increase of 14% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 44%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat 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 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 (+4.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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