France: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in France

The French air or gas liquefier market was finally on the rise to reach $X in 2022, after five years of decline. Overall, consumption showed a slight curtailment. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Machinery for Liquefying Air or Gases in France

In value terms, air or gas liquefier production surged to $X in 2022 estimated in export price. Overall, production showed a perceptible setback. The growth pace was the most rapid in 2013 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Machinery for Liquefying Air or Gases

Exports from France

In 2022, after two years of growth, there was significant decline in shipments abroad of machinery for liquefying air or gases, when their volume decreased by -50% to X units. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 300% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, air or gas liquefier exports reduced dramatically to $X in 2022. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 138%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

From 2012 to 2022, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, South Korea ($X) emerged as the key foreign market for machinery for liquefying air or gases exports from France, comprising 26% of total exports. The second position in the ranking was taken by the United States ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Korea totaled -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.5% per year) and Russia (-20.4% per year).

Export Prices by Country

In 2022, the average air or gas liquefier export price amounted to $X per unit, shrinking by -12.7% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 229%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Russia ($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 Qatar (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery for Liquefying Air or Gases

Imports into France

For the fourth year in a row, France recorded growth in overseas purchases of machinery for liquefying air or gases, which increased by 33% to X units in 2022. In general, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 400% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, air or gas liquefier imports surged to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The growth pace was the most rapid in 2017 when imports increased by 175% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X units), China (X units) and Italy (X units) were the main suppliers of air or gas liquefier imports to France. Moreover, air or gas liquefier imports in the Netherlands exceeded the figures recorded by the second-largest supplier, China, twofold.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +41.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and Italy ($X) appeared to be the largest air or gas liquefier suppliers to France, with a combined 59% share of total imports.

China, with a CAGR of +44.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average air or gas liquefier import price stood at $X per unit in 2022, reducing by -22.7% against the previous year. Overall, the import price, however, continues to indicate slight growth. The pace of growth was the most pronounced in 2013 an increase of 66%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+2,913.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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