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

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

In 2022, the Italian market for vacuum pumps and air or gas compressors increased by 10% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a strong increase. Consumption of peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Vacuum Pumps and Air or Gas Compressors in Italy

In value terms, production of vacuum pumps and air or gas compressors soared to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. Production of peaked at $X in 2012; afterwards, it flattened through to 2022.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Italy

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported from Italy; with a decrease of -10.4% against the year before. Overall, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors shrank to $X in 2022. In general, exports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X units), Spain (X units) and Germany (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Italy, with a combined 34% share of total exports. France, Turkey, India, Brazil, the United States, Belgium, the Czech Republic, Poland, the UK and China lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +17.3%), 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 Italy were the United States ($X), France ($X) and Germany ($X), together comprising 32% of total exports.

The United States, with a CAGR of +6.9%, saw the highest growth rate of the value of exports, among the main countries of destination 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, growing by 5.3% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 11%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Austria ($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 Germany (+7.0%), 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 Italy

Imports of vacuum pumps and air or gas compressors into Italy shrank slightly to X units in 2022, remaining relatively unchanged against the previous year's figure. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. As a result, imports attained the peak of X units, and then shrank modestly in the following year.

In value terms, imports of vacuum pumps and air or gas compressors dropped to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 32%. As a result, imports reached the peak of $X, and then reduced slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to Italy, with 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), fivefold. Slovakia (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.6% per year) and Slovakia (+11.8% per year).

In value terms, the largest vacuum pump and air or gas compressor suppliers to Italy were Germany ($X), China ($X) and Slovakia ($X), with a combined 53% share of total imports.

Slovakia, with a CAGR of +21.5%, saw 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

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 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 Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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