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

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

The German market for vacuum pumps and air or gas compressors expanded sharply to $X in 2022, surging by 5.8% against the previous year. In general, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -18.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in Germany

In value terms, production of vacuum pumps and air or gas compressors totaled $X in 2022 estimated in export price. In general, production recorded a slight curtailment. The pace of growth was the most pronounced in 2013 with an increase of 12% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Germany

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported from Germany; waning by -12.2% compared with 2021. Overall, exports showed a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of 25%. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors fell to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 13%. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X units), China (X units) and Poland (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Germany, with a combined 29% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +17.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Italy ($X) appeared to be the largest markets for vacuum pump and air or gas compressor exported from Germany worldwide, together accounting for 34% of total exports. France, the UK, Spain, Austria, Poland, the Netherlands, Hungary, the Czech Republic, Mexico and Slovakia lagged somewhat behind, together comprising a further 29%.

Among the main countries of destination, Slovakia, with a CAGR of +11.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, with an increase of 9.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Slovakia ($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 the UK (+8.4%), 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 Germany

In 2022, approx. X units of vacuum pumps and air or gas compressors were imported into Germany; dropping by -3.3% compared with 2021. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. As a result, imports reached the peak of X units, and then declined modestly in the following year.

In value terms, imports of vacuum pumps and air or gas compressors shrank slightly to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 17% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to Germany, with a 45% 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, Japan (X units), fivefold. Poland (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.7% per year) and Poland (+7.1% per year).

In value terms, the largest vacuum pump and air or gas compressor suppliers to Germany were China ($X), Japan ($X) and the Netherlands ($X), with a combined 33% share of total imports. Poland, France, the UK, Portugal, Romania, the Czech Republic, Italy, Hungary, Austria and Taiwan (Chinese) lagged somewhat behind, together comprising a further 40%.

Among the main suppliers, Portugal, with a CAGR of +16.1%, 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

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, increasing by 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2018 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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