Czech Republic: Vacuum Pump Market 2024

Vacuum Pump Market Size in the Czech Republic

The Czech vacuum pump market reduced to $X in 2022, waning by -10.1% against the previous year. Overall, consumption showed a abrupt descent. Vacuum pump consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Vacuum Pump Production in the Czech Republic

In value terms, vacuum pump production declined remarkably to $X in 2022 estimated in export price. In general, production, however, faced a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 54% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vacuum Pump Exports

Exports from the Czech Republic

In 2022, overseas shipments of vacuum pumps increased by 123% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vacuum pump exports rose markedly to $X in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), Spain (X units) and Slovakia (X units) were the main destinations of vacuum pump exports from the Czech Republic, with a combined 32% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +92.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump exported from the Czech Republic were Belgium ($X), the United States ($X) and China ($X), with a combined 50% share of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +44.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vacuum pump export price amounted to $X per unit, with a decrease of -50.1% against the previous year. In general, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 70% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Spain ($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 Belgium (+21.6%), while the prices for the other major destinations experienced mixed trend patterns.

Vacuum Pump Imports

Imports into the Czech Republic

After two years of decline, supplies from abroad of vacuum pumps increased by 2.6% to X units in 2022. Over the period under review, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of 177%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, vacuum pump imports dropped to $X in 2022. In general, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.2% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 33%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest vacuum pump supplier to the Czech Republic, accounting for a 59% share of total imports. Moreover, vacuum pump imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by France (X units), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.8% per year) and France (+5.4% per year).

In value terms, Germany ($X) constituted the largest supplier of vacuum pumps to the Czech Republic, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 6.8% share of total imports. It was followed by Italy, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.6% per year) and Italy (+2.6% per year).

Import Prices by Country

In 2022, the average vacuum pump import price amounted to $X per unit, declining by -8.8% against the previous year. Over the period under review, the import price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 268%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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