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

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

In 2022, the French market for vacuum pumps and air or gas compressors increased by 8.4% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +19.2% against 2020 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in France

In value terms, production of vacuum pumps and air or gas compressors skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible downturn. Production of peaked 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 from France

After two years of growth, shipments abroad of vacuum pumps and air or gas compressors decreased by -6.4% to X units in 2022. In general, exports saw a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors fell to $X in 2022. Overall, exports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 8.2% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for exports of vacuum pumps and air or gas compressors from France, with a 30% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to Germany exceeded the volume sent to the second major destination, Spain (X units), twofold. Italy (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+0.8% per year) and Italy (-2.5% per year).

In value terms, Germany ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from France, comprising 18% of total exports. The second position in the ranking was held by Italy ($X), with an 8.4% share of total exports. It was followed by South Korea, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-2.8% per year) and South Korea (-3.9% per year).

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, the export price showed a slight setback. The pace of growth was the most pronounced in 2017 an increase of 36% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into France

Imports of vacuum pumps and air or gas compressors into France contracted to X units in 2022, which is down by -11.9% compared with the year before. The total import volume increased at an average annual rate of +1.8% 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 declined in the following year.

In value terms, imports of vacuum pumps and air or gas compressors reduced to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to France, with a 38% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.4% per year) and the Netherlands (+9.3% per year).

In value terms, the largest vacuum pump and air or gas compressor suppliers to France were Germany ($X), China ($X) and Italy ($X), together accounting for 49% of total imports.

China, with a CAGR of +12.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, increasing by 4.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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