Ireland: Vacuum Pump Market 2024

Vacuum Pump Market Size in Ireland

The Irish vacuum pump market skyrocketed to $X in 2022, picking up by 45% against the previous year. Overall, consumption posted a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Vacuum Pump Production in Ireland

In value terms, vacuum pump production dropped modestly to $X in 2022 estimated in export price. Overall, production saw a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 27% against the previous year. Vacuum pump production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vacuum Pump Exports

Exports from Ireland

In 2022, approx. X units of vacuum pumps were exported from Ireland; growing by 768% against the year before. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vacuum pump exports plummeted to $X in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 129% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for vacuum pump exports from Ireland, with a 5% share of total exports. Moreover, vacuum pump exports to the UK exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by the United States (X units), with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.0% per year) and the United States (+11.6% per year).

It was followed by Germany, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +45.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+20.7% per year) and Germany (+13.4% per year).

Export Prices by Country

The average vacuum pump export price stood at $X per unit in 2022, with a decrease of -92.2% against the previous year. In general, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 49%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($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 (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Ireland

In 2022, overseas purchases of vacuum pumps increased by 200% to X units, rising for the third consecutive year after two years of decline. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2013 when imports increased by 426% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, vacuum pump imports skyrocketed to $X in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 442%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of vacuum pump to Ireland, accounting for a 11% share of total imports. Moreover, vacuum pump imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. China (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +55.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+7.5% per year) and China (+16.0% per year).

In value terms, the largest vacuum pump suppliers to Ireland were South Korea ($X), Japan ($X) and the United States ($X), with a combined 71% share of total imports.

Japan, with a CAGR of +74.0%, saw 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

The average vacuum pump import price stood at $X per unit in 2022, which is down by -40% against the previous year. In general, the import price showed a mild curtailment. The growth pace was the most rapid in 2018 an increase of 51%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, 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 South Korea ($X per unit), while the price for China ($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 (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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