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

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

In 2022, the SADC market for vacuum pumps and air or gas compressors decreased by -2.2% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, showed a mild reduction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Vacuum Pumps and Air or Gas Compressors in SADC

In value terms, production of vacuum pumps and air or gas compressors rose slightly to $X in 2022 estimated in export price. In general, production, however, showed a precipitous decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 52%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in SADC

In 2022, exports of vacuum pumps and air or gas compressors in SADC fell to X units, waning by -5.8% against 2021. Over the period under review, exports saw a pronounced downturn. The growth pace was the most rapid in 2021 when exports increased by 50%. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of vacuum pumps and air or gas compressors reduced to $X in 2022. In general, exports showed a slight curtailment. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa was the key exporting country with an export of about X units, which recorded 74% of total exports. It was distantly followed by Mauritius (X units), mixing up a 21% share of total exports. Angola (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vacuum pump and air or gas compressor exports from South Africa stood at -4.3%. At the same time, Mauritius (+62.3%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of +62.3% from 2012-2022. By contrast, Angola (-7.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mauritius increased by +21 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest vacuum pump and air or gas compressor supplier in SADC, comprising 84% of total exports. The second position in the ranking was held by Angola ($X), with a 4.8% share of total exports.

In South Africa, exports of vacuum pumps and air or gas compressors declined by an average annual rate of -1.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Angola (+17.3% per year) and Mauritius (+4.6% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, reducing by -5.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Angola ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+26.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in SADC

For the third consecutive year, SADC recorded growth in supplies from abroad of vacuum pumps and air or gas compressors, which increased by 7.3% to X units in 2022. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 50% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of vacuum pumps and air or gas compressors contracted to $X in 2022. In general, imports, however, recorded a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Mozambique represented the largest importer of vacuum pumps and air or gas compressors in SADC, with the volume of imports accounting for X units, which was near 62% of total imports in 2022. It was distantly followed by South Africa (X units), making up a 27% share of total imports. The following importers - Tanzania (X units) and Madagascar (X units) - together made up 4.9% of total imports.

Mozambique was also the fastest-growing in terms of the vacuum pumps and air or gas compressors imports, with a CAGR of +21.1% from 2012 to 2022. At the same time, South Africa (+1.1%) displayed positive paces of growth. By contrast, Madagascar (-5.3%) and Tanzania (-9.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mozambique increased by +45 percentage points.

In value terms, South Africa ($X) constitutes the largest market for imported vacuum pumps and air or gas compressors in SADC, comprising 65% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 5.3% share of total imports. It was followed by Mozambique, with a 2.7% share.

In South Africa, imports of vacuum pumps and air or gas compressors shrank by an average annual rate of -2.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (+2.9% per year) and Mozambique (+3.7% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, falling by -12.8% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when the import price increased by 53%. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+13.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform