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

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

For the fifth consecutive year, the Portuguese market for vacuum pumps and air or gas compressors recorded decline in sales value, which decreased by -19.8% to $X in 2022. In general, consumption recorded a perceptible decrease. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in Portugal

In value terms, production of vacuum pumps and air or gas compressors surged to $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. As a result, production 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 Portugal

In 2022, exports of vacuum pumps and air or gas compressors from Portugal rose notably to X units, increasing by 5.8% on 2021. In general, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +8.6% 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 +44.7% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by 53% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of vacuum pumps and air or gas compressors expanded notably to $X in 2022. Overall, exports recorded strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 71% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Portugal, accounting for a 63% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to Germany exceeded the volume sent to the second major destination, the UK (X units), eightfold. The third position in this ranking was held by Italy (X units), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+13.5% per year) and Italy (+35.7% per year).

In value terms, Germany ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from Portugal, comprising 65% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.5% share of total exports. It was followed by the United States, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+29.2% per year) and the United States (+9.6% per year).

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, remaining stable against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 increased by +88.9% against 2014 indices. The pace of growth was the most pronounced in 2013 an increase of 34%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the UK ($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 Germany (+9.9%), 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 Portugal

In 2022, approx. X units of vacuum pumps and air or gas compressors were imported into Portugal; reducing by -13.1% compared with 2021 figures. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +15.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 43% against the previous year. Over the period under review, imports of attained the maximum at X units in 2021, and then fell in the following year.

In value terms, imports of vacuum pumps and air or gas compressors shrank to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +11.7% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 59% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to Portugal, with a combined 64% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +18.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the Netherlands ($X) appeared to be the largest vacuum pump and air or gas compressor suppliers to Portugal, together comprising 54% of total imports.

The Netherlands, with a CAGR of +21.6%, 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, increasing by 9.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 20% against the previous year. The import price peaked 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 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 Belgium (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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