EU: Market for Turbo, Rotary and Reciporating Displacement Compressors 2025

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in the EU

In 2022, the EU market for turbo, rotary and reciporating displacement compressors increased by 24% to $X, rising for the second year in a row after two years of decline. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +62.6% against 2020 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Turbo, Rotary and Reciporating Displacement Compressors in the EU

In value terms, production of turbo, rotary and reciporating displacement compressors expanded remarkably to $X in 2022 estimated in export price. In general, production, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of 11%. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports in the EU

In 2022, approx. X units of turbo, rotary and reciporating displacement compressors were exported in the European Union; which is down by -3% against 2021 figures. The total export volume increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 18%. The volume of export peaked at X units in 2021, and then reduced slightly in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors dropped to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 13%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Germany (X units) and Poland (X units) were the major exporters of turbo, rotary and reciporating displacement compressors in the European Union, together finishing at near 47% of total exports. Romania (X units) held the next position in the ranking, followed by Slovakia (X units), the Czech Republic (X units) and France (X units). All these countries together took approx. 29% share of total exports. The following exporters - Austria (X units), Hungary (X units), the Netherlands (X units), Portugal (X units), Italy (X units), Belgium (X units) and Spain (X units) - together made up 22% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Slovakia (with a CAGR of +45.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest turbo, rotary and reciporating displacement compressor supplier in the European Union, comprising 31% of total exports. The second position in the ranking was held by Italy ($X), with a 10% share of total exports. It was followed by Belgium, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled -1.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-5.2% per year) and Belgium (+0.1% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, waning by -4.2% against the previous year. In general, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of 2.9% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 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 Belgium ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+7.2%), while the other leaders experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports in the EU

Imports of turbo, rotary and reciporating displacement compressors contracted to X units in 2022, reducing by -9.1% compared with the year before. The total import volume increased at an average annual rate of +3.6% over the period 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 2021 when imports increased by 23%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors dropped to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 15%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Germany was the key importing country with an import of about X units, which amounted to 27% of total imports. Poland (X units) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (10%), France (9.2%), Slovakia (5.9%), Italy (5.9%) and Spain (5%). The Netherlands (X units), Austria (X units), Hungary (X units), Belgium (X units), Sweden (X units) and Romania (X units) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of imports of turbo, rotary and reciporating displacement compressors. At the same time, Slovakia (+18.7%), Romania (+15.1%), the Czech Republic (+11.2%), Poland (+9.6%), the Netherlands (+7.8%), Belgium (+5.5%), Hungary (+5.1%), Sweden (+3.7%), Spain (+3.6%), Italy (+3.0%) and France (+2.9%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in the European Union, with a CAGR of +18.7% from 2012-2022. Austria experienced a relatively flat trend pattern. The Czech Republic (+5.3 p.p.), Poland (+4.9 p.p.), Slovakia (+4.4 p.p.) and Romania (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Austria and Germany saw its share reduced by -1.6% and -15.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported turbo, rotary and reciporating displacement compressors in the European Union, comprising 24% of total imports. The second position in the ranking was taken by France ($X), with a 10% share of total imports. It was followed by Italy, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at +2.6%. The remaining importing countries recorded the following average annual rates of imports growth: France (-0.0% per year) and Italy (+2.8% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, approximately reflecting the previous year. In general, the import price, however, recorded a mild shrinkage. The growth pace was the most rapid in 2018 when the import price increased by 1.5% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 Sweden ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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