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

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

The Irish market for vacuum pumps and air or gas compressors skyrocketed to $X in 2022, picking up by 538% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Ireland

In 2022, shipments abroad of vacuum pumps and air or gas compressors was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 81% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors skyrocketed to $X in 2022. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 100% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X units), the UK (X units) and Germany (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Ireland, together comprising 79% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +47.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Ireland were the United States ($X), the UK ($X) and France ($X), with a combined 58% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +32.4%, saw the highest growth rate of 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

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, dropping by -3.3% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vacuum pumps and air or gas compressors decreased by -7.3% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 59%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to France ($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 United States (+46.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Ireland

In 2022, after two years of decline, there was significant growth in purchases abroad of vacuum pumps and air or gas compressors, when their volume increased by 346% to X units. Overall, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vacuum pumps and air or gas compressors soared to $X in 2022. In general, imports saw a prominent expansion. Over the period under review, imports of hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to Ireland, accounting for a 48% 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 third position in this ranking was held by the UK (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.2% per year) and the UK (+2.7% per year).

In value terms, the largest vacuum pump and air or gas compressor suppliers to Ireland were the Czech Republic ($X), the United States ($X) and Germany ($X), with a combined 46% share of total imports. The UK, China, Italy, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together comprising a further 18%.

China, with a CAGR of +23.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, surging by 14% against the previous year. Overall, the import price showed buoyant growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 121% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a 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 the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :