SADC: Vacuum Pump Market 2024

Vacuum Pump Market Size in SADC

The SADC vacuum pump market rose slightly to $X in 2022, increasing by 2.2% against the previous year. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.9% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Vacuum Pump Production in SADC

In value terms, vacuum pump production rose to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a temperate increase. The growth pace was the most rapid in 2017 with an increase of 29% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Vacuum Pump Exports

Exports in SADC

In 2022, after two years of growth, there was significant decline in overseas shipments of vacuum pumps, when their volume decreased by -22.5% to X units. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vacuum pump exports rose slightly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 54% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of vacuum pumps, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the vacuum pumps exports, with a CAGR of -5.2% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by +2.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest vacuum pump supplier in SADC.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, with an increase of 35% against the previous year. In general, the export price saw perceptible growth. The growth pace was the most rapid in 2018 when the export price increased by 40% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +4.6% per year.

Vacuum Pump Imports

Imports in SADC

In 2022, supplies from abroad of vacuum pumps increased by 65% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 +86.7% against 2020 indices. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, vacuum pump imports reached $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 26% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, finishing at X units, which was approx. 81% of total imports in 2022. It was distantly followed by Namibia (X units), generating a 6.5% share of total imports. Angola (X units), Mozambique (X units), Mauritius (X units), Tanzania (X units) and Democratic Republic of the Congo (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vacuum pump imports into South Africa stood at +2.2%. At the same time, Democratic Republic of the Congo (+24.7%), Namibia (+16.1%), Mauritius (+13.6%), Tanzania (+12.8%) and Angola (+8.3%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +24.7% from 2012-2022. By contrast, Mozambique (-5.8%) illustrated a downward trend over the same period. Namibia (+4.6 p.p.) significantly strengthened its position in terms of the total imports, while Mozambique and South Africa saw its share reduced by -2.9% and -5.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported vacuum pumps in SADC, comprising 60% of total imports. The second position in the ranking was held by Angola ($X), with a 9.6% share of total imports. It was followed by Democratic Republic of the Congo, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Angola (-3.1% per year) and Democratic Republic of the Congo (+6.9% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, reducing by -34.8% against the previous year. Overall, the import price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2015 an increase of 41% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the 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 Democratic Republic of the Congo ($X per unit), while Namibia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+21.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform