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

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

In 2022, the Europe market for vacuum pumps and air or gas compressors increased by 7.1% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Vacuum Pumps and Air or Gas Compressors in Europe

In value terms, production of vacuum pumps and air or gas compressors rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2018 when the production volume increased by 9.8%. Over the period under review, production of attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in Europe

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported in Europe; shrinking by -8.4% against the year before. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, exports of vacuum pumps and air or gas compressors contracted modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 16%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Germany (X units), distantly followed by Poland (X units), Slovakia (X units), France (X units), Italy (X units), the Netherlands (X units), the Czech Republic (X units) and Hungary (X units) represented the main exporters of vacuum pumps and air or gas compressors, together constituting 77% of total exports. Romania (X units), Spain (X units), Austria (X units), the UK (X units) and Belgium (X units) followed a long way behind the leaders.

Exports from Germany decreased at an average annual rate of -1.2% from 2012 to 2022. At the same time, Poland (+9.6%), Spain (+8.3%), the Czech Republic (+5.8%) and Romania (+2.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +9.6% from 2012-2022. Hungary, Slovakia, the UK and Belgium experienced a relatively flat trend pattern. By contrast, France (-2.0%), the Netherlands (-2.7%), Italy (-3.9%) and Austria (-4.2%) illustrated a downward trend over the same period. While the share of Poland (+6.8 p.p.), the Czech Republic (+2.2 p.p.) and Spain (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-1.6 p.p.), Austria (-2 p.p.), France (-2 p.p.), Germany (-3.2 p.p.) and Italy (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest vacuum pump and air or gas compressor supplier in Europe, comprising 30% of total exports. The second position in the ranking was held by Italy ($X), with an 8.5% share of total exports. It was followed by Belgium, with an 8% share.

In Germany, exports of vacuum pumps and air or gas compressors remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (-4.2% per year) and Belgium (+0.6% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, surging by 4.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 5.3%. The level of export peaked at $X per unit in 2013; however, from 2014 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 Belgium ($X per unit), while Spain ($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 more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in Europe

In 2022, approx. X units of vacuum pumps and air or gas compressors were imported in Europe; with a decrease of -3.5% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, imports of vacuum pumps and air or gas compressors dropped to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Germany (X units), distantly followed by the UK (X units), Poland (X units), Russia (X units), France (X units), Italy (X units), Spain (X units) and the Netherlands (X units) represented the key importers of vacuum pumps and air or gas compressors, together mixing up 72% of total imports. The following importers - the Czech Republic (X units), Hungary (X units), Slovakia (X units), Romania (X units) and Austria (X units) - together made up 16% of total imports.

Imports into Germany increased at an average annual rate of +1.0% from 2012 to 2022. At the same time, the Czech Republic (+7.9%), Slovakia (+6.3%), the Netherlands (+6.2%), Poland (+6.2%), Romania (+6.0%), Spain (+5.0%), Italy (+3.7%), the UK (+3.6%), Hungary (+3.4%), France (+1.8%) and Austria (+1.1%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Europe, with a CAGR of +7.9% from 2012-2022. Russia experienced a relatively flat trend pattern. While the share of Poland (+2.2 p.p.), the Czech Republic (+1.7 p.p.) and the Netherlands (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-3.4 p.p.) and Germany (-3.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported vacuum pumps and air or gas compressors in Europe, comprising 21% of total imports. The second position in the ranking was held by the UK ($X), with an 8.9% share of total imports. It was followed by France, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value in Germany amounted to +2.2%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+3.4% per year) and France (+0.9% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per unit, approximately reflecting the previous year. In general, the import price, however, saw a slight reduction. The growth pace was the most rapid in 2017 an increase of 4.8% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood 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 Austria ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform