Italy: Vacuum Pump Market 2024

Vacuum Pump Market Size in Italy

For the third consecutive year, the Italian vacuum pump market recorded growth in sales value, which increased by 111% to $X in 2022. In general, consumption recorded a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vacuum Pump Production in Italy

In value terms, vacuum pump production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 61% against the previous year. Vacuum pump production peaked in 2022 and is likely to see gradual growth in years to come.

Vacuum Pump Exports

Exports from Italy

After three years of growth, shipments abroad of vacuum pumps decreased by -20.3% to X units in 2022. In general, exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2019 with an increase of 43%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, vacuum pump exports amounted to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 10% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Austria (X units) was the main destination for vacuum pump exports from Italy, accounting for a 22% share of total exports. Moreover, vacuum pump exports to Austria exceeded the volume sent to the second major destination, India (X units), twofold. The third position in this ranking was taken by Spain (X units), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Austria totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+17.6% per year) and Spain (+28.7% per year).

In value terms, Germany ($X), the United States ($X) and France ($X) were the largest markets for vacuum pump exported from Italy worldwide, with a combined 30% share of total exports. The UK, Austria, China, Brazil, Spain, India, Belgium, Turkey, Mexico and the Czech Republic lagged somewhat behind, together comprising a further 33%.

Mexico, with a CAGR of +27.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 vacuum pump export price amounted to $X per unit, picking up by 30% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 an increase of 34% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Czech Republic ($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 (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Vacuum Pump Imports

Imports into Italy

Vacuum pump imports into Italy skyrocketed to X units in 2022, increasing by 286% compared with the previous year. Overall, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vacuum pump imports totaled $X in 2022. The total import value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 14%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Germany (X units) and Belgium (X units) were the main suppliers of vacuum pump imports to Italy, with a combined 26% share of total imports. France, the Netherlands, Slovenia, Spain, the United States and the UK lagged somewhat behind, together comprising a further 5.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +102.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of vacuum pumps to Italy, comprising 52% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Belgium, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.4% per year) and Belgium (+34.8% per year).

Import Prices by Country

The average vacuum pump import price stood at $X per unit in 2022, dropping by -70.8% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in 2018 an increase of 127% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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 ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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