Europe: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Europe

In 2022, the Europe market for turbo, rotary and reciporating displacement compressors increased by 17% 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 +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Europe

In value terms, production of turbo, rotary and reciporating displacement compressors expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 11% against the previous year. Over the period under review, production of attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports in Europe

Exports of turbo, rotary and reciporating displacement compressors fell slightly to X units in 2022, which is down by -3.1% against the previous year. 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 in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 16% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2021, and then dropped slightly in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors reduced to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. 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

Germany (X units) and Poland (X units) represented roughly 44% of total exports in 2022. Romania (X units) took an 8.6% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (8.3%), the Czech Republic (5.2%) and France (4.8%). Austria (X units), Hungary (X units), the UK (X units), the Netherlands (X units), Portugal (X units), Italy (X units) and Belgium (X units) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +45.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest turbo, rotary and reciporating displacement compressor supplier in Europe, comprising 27% of total exports. The second position in the ranking was held by Italy ($X), with an 8.6% share of total exports. It was followed by Belgium, with an 8.4% 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 Europe stood at $X per unit in 2022, shrinking by -1.7% against the previous year. Over the period under review, the export price recorded a pronounced setback. The pace of growth was the most pronounced in 2021 an increase of 2.6% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Europe

In 2022, approx. X units of turbo, rotary and reciporating displacement compressors were imported in Europe; with a decrease of -7% against 2021. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced 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 fell to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Over the period under review, imports of hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Germany (X units) and the UK (X units) were the main importers of turbo, rotary and reciporating displacement compressors in Europe, together accounting for near 35% of total imports. Poland (X units) took the next position in the ranking, followed by the Czech Republic (X units), France (X units), Russia (X units), Slovakia (X units) and Italy (X units). All these countries together held near 39% share of total imports. Spain (X units), the Netherlands (X units), Austria (X units), Hungary (X units) and Belgium (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia (with a CAGR of +18.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 38% share of total imports. Russia, Italy, Poland, Austria, Belgium, Slovakia, the Netherlands, Spain, the Czech Republic and Hungary lagged somewhat behind, together comprising a further 46%.

Among the main importing countries, Slovakia, with a CAGR of +12.8%, saw the highest growth rate of 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

In 2022, the import price in Europe amounted to $X per unit, flattening at the previous year. Overall, the import price, however, saw a perceptible setback. The pace of growth was the most pronounced in 2013 when the import price increased by 3.6%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the 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 Belgium ($X per unit), while the Czech Republic ($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