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

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

After three years of growth, the MENA's market for vacuum pumps and air or gas compressors decreased by -14.6% to $X in 2022. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Production of Vacuum Pumps and Air or Gas Compressors in MENA

In value terms, production of vacuum pumps and air or gas compressors reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% 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 2018 when the production volume increased by 23% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in MENA

In 2022, shipments abroad of vacuum pumps and air or gas compressors increased by 0.2% to X units, rising for the third consecutive year after two years of decline. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.0% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 52% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors rose rapidly to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 56%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey dominates compressors structure, reaching X units, which was approx. 81% of total exports in 2022. The United Arab Emirates (X units) held a 7.4% share (based on physical terms) of total exports, which put it in second place, followed by Israel (6.5%). Egypt (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the vacuum pumps and air or gas compressors exports, with a CAGR of +11.1% from 2012 to 2022. The United Arab Emirates experienced a relatively flat trend pattern. Egypt (-12.0%) and Israel (-13.3%) illustrated a downward trend over the same period. Turkey (+42 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates, Egypt and Israel saw its share reduced by -3.2%, -9.8% and -30.2% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest vacuum pump and air or gas compressor supplier in MENA, comprising 74% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.9% share of total exports. It was followed by Israel, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +10.7%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+2.0% per year) and Israel (+10.8% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, surging by 9.2% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The pace of growth was the most pronounced in 2015 when the export price increased by 28%. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+27.9%), while the other leaders experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in MENA

After five years of growth, purchases abroad of vacuum pumps and air or gas compressors decreased by -5.6% to X units in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.7% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, imports of vacuum pumps and air or gas compressors dropped modestly to $X in 2022. Over the period under review, imports recorded a slight curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 11%. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X units) was the key importer of vacuum pumps and air or gas compressors, creating 41% of total imports. The United Arab Emirates (X units) ranks second in terms of the total imports with a 15% share, followed by Egypt (14%), Iran (7.7%) and Algeria (6.2%). The following importers - Iraq (X units), Israel (X units), Morocco (X units) and Tunisia (X units) - together made up 9.4% of total imports.

From 2012 to 2022, average annual rates of growth with regard to vacuum pump and air or gas compressor imports into Turkey stood at +5.0%. At the same time, Egypt (+12.0%), Tunisia (+10.3%), Morocco (+9.4%), Algeria (+7.0%) and the United Arab Emirates (+6.3%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of +12.0% from 2012-2022. Iraq and Israel experienced a relatively flat trend pattern. By contrast, Iran (-1.5%) illustrated a downward trend over the same period. Egypt (+7.5 p.p.), Turkey (+4.9 p.p.), the United Arab Emirates (+3.3 p.p.) and Algeria (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by -5.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iran ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 58% of total imports. Algeria, Egypt, Israel, Iraq, Morocco and Tunisia lagged somewhat behind, together comprising a further 25%.

Morocco, with a CAGR of +7.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, approximately reflecting the previous year. Overall, the import price, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2016 when the import price increased by 7.3% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform