EU: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in the EU

The EU air or gas liquefier market reduced to $X in 2022, waning by -3.8% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Machinery for Liquefying Air or Gases in the EU

In value terms, air or gas liquefier production totaled $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Machinery for Liquefying Air or Gases

Exports in the EU

In 2022, after four years of decline, there was significant growth in overseas shipments of machinery for liquefying air or gases, when their volume increased by 10% to X units. Overall, exports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 62% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, air or gas liquefier exports rose slightly to $X in 2022. In general, exports, however, continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2017 when exports increased by 54%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy represented the main exporting country with an export of about X units, which finished at 34% of total exports. The Netherlands (X units) ranks second in terms of the total exports with a 17% share, followed by Hungary (9.1%), Poland (9.1%), Germany (8%) and Sweden (6.8%). Denmark (X units) held a minor share 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 the Netherlands (with a CAGR of +22.3%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, with a combined 85% share of total exports. These countries were followed by Hungary, Denmark, Poland and Sweden, which together accounted for a further 4.5%.

Poland, with a CAGR of +26.8%, recorded the highest rates of growth with regard to the value of exports, among 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 the European Union stood at $X per unit in 2022, dropping by -4.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by 25%. Over the period under review, the export prices reached the peak figure 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 origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.6%), while the other leaders experienced more modest paces of growth.

Imports of Machinery for Liquefying Air or Gases

Imports in the EU

In 2022, after two years of growth, there was significant decline in purchases abroad of machinery for liquefying air or gases, when their volume decreased by -43.9% to X units. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 70%. As a result, imports reached the peak of X units, and then dropped notably in the following year.

In value terms, air or gas liquefier imports dropped significantly to $X in 2022. Over the period under review, imports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 122%. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

In 2022, the Netherlands (X units), followed by Belgium (X units), Spain (X units), Germany (X units), Italy (X units), France (X units), Hungary (X units), Lithuania (X units), Slovakia (X units), Romania (X units) and Poland (X units) represented the key importers of machinery for liquefying air or gases, together constituting 83% of total imports. Austria (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest air or gas liquefier importing markets in the European Union were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined 46% share of total imports. Spain, France, Hungary, Belgium, Poland, Slovakia, Romania, Austria and Lithuania lagged somewhat behind, together comprising a further 38%.

Hungary, with a CAGR of +45.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 the European Union stood at $X per unit in 2022, picking up by 1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2021 when the import price increased by 31%. The level of import peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+41.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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