Eastern Europe: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Eastern Europe

The East European market for vacuum pumps and air or gas compressors skyrocketed to $X in 2022, rising by 18% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Vacuum Pumps and Air or Gas Compressors in Eastern Europe

In value terms, production of vacuum pumps and air or gas compressors soared to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production of growth failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in Eastern Europe

In 2022, exports of vacuum pumps and air or gas compressors in Eastern Europe shrank to X units, falling by -6.9% compared with the previous year's figure. Total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.3% 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 +3.8% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 21% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors shrank to $X in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 14% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

In 2022, Poland (X units) and Slovakia (X units) represented the main exporters of vacuum pumps and air or gas compressors in Eastern Europe, together committing 56% of total exports. It was distantly followed by the Czech Republic (X units), Hungary (X units) and Romania (X units), together mixing up a 38% share of total exports. The following exporters - Belarus (X units) and Bulgaria (X units) - each resulted at a 3.6% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +49.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and Romania ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 67% of total exports. The Czech Republic, Hungary, Belarus and Bulgaria lagged somewhat behind, together accounting for a further 30%.

Bulgaria, with a CAGR of +18.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, picking up by 1.8% against the previous year. In general, the export price, however, saw a mild setback. The pace of growth appeared the most rapid in 2018 when the export price increased by 11% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 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 Romania ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+8.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in Eastern Europe

In 2022, imports of vacuum pumps and air or gas compressors in Eastern Europe fell to X units, with a decrease of -3.7% against the previous year. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 21%. The volume of import peaked at X units in 2021, and then reduced modestly in the following year.

In value terms, imports of vacuum pumps and air or gas compressors shrank to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 30% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units) and Russia (X units) represented the key importers of vacuum pumps and air or gas compressors in Eastern Europe, together mixing up 50% of total imports. The Czech Republic (X units) took the next position in the ranking, followed by Hungary (X units), Slovakia (X units) and Romania (X units). All these countries together took approx. 43% share of total imports. Bulgaria (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +7.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Slovakia ($X) were the countries with the highest levels of imports in 2022, with a combined 63% share of total imports. The Czech Republic, Romania, Hungary and Bulgaria lagged somewhat behind, together comprising a further 32%.

In terms of the main importing countries, the Czech Republic, with a CAGR of +7.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, reducing by -1.7% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2013 an increase of 7.6%. As a result, import price reached 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 Slovakia ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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