Singapore: Market for Vacuum Pumps and Air or Gas Compressors 2025

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

The Singaporean market for vacuum pumps and air or gas compressors was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, continues to indicate a abrupt slump. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Vacuum Pumps and Air or Gas Compressors in Singapore

In value terms, production of vacuum pumps and air or gas compressors shrank significantly to $X in 2022 estimated in export price. Overall, production recorded a abrupt slump. The growth pace was the most rapid in 2019 when the production volume increased by 882% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Singapore

In 2022, exports of vacuum pumps and air or gas compressors from Singapore fell notably to X units, with a decrease of -19.8% on 2021. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by 14%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors rose significantly to $X in 2022. In general, exports showed a noticeable curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 17% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Singapore, with a 22% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to Japan exceeded the volume sent to the second major destination, Vietnam (X units), twofold. The third position in this ranking was taken by China (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-6.9% per year) and China (-5.2% per year).

In value terms, Japan ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from Singapore, comprising 24% of total exports. The second position in the ranking was held by Indonesia ($X), with an 11% share of total exports. It was followed by the United States, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-9.0% per year) and the United States (-5.2% per year).

Export Prices by Country

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, surging by 41% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.7% 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 +112.8% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Vietnam ($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 (+18.3%), 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 Singapore

In 2022, imports of vacuum pumps and air or gas compressors into Singapore contracted notably to X units, with a decrease of -25% on 2021. In general, imports, however, posted a mild increase. The most prominent rate of growth was recorded in 2019 with an increase of 86% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of vacuum pumps and air or gas compressors shrank slightly to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 30% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X units), Japan (X units) and the United States (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to Singapore, with a combined 55% share of total imports. Malaysia, Germany, South Korea, Thailand, Poland, Taiwan (Chinese), India and the UK lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +38.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Singapore, comprising 29% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by Germany, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.9% per year) and Germany (+3.0% per year).

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, with an increase of 27% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 36%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, 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 UK ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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