South-Eastern Asia: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in South-Eastern Asia

The Southeast Asian market for vacuum pumps and air or gas compressors amounted to $X in 2022, rising by 3.8% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Vacuum Pumps and Air or Gas Compressors in South-Eastern Asia

In value terms, production of vacuum pumps and air or gas compressors amounted to $X in 2022 estimated in export price. In general, production, however, recorded a mild descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 58% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth remained at a lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in South-Eastern Asia

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported in South-Eastern Asia; waning by -4.2% against 2021. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 22%. The volume of export peaked 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 rose to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 18%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand represented the main exporting country with an export of around X units, which resulted at 63% of total exports. Singapore (X units) held the second position in the ranking, distantly followed by Malaysia (X units) and Vietnam (X units). All these countries together held near 34% share of total exports. The following exporters - Indonesia (X units) and the Philippines (X units) - each reached a 3.7% share of total exports.

Exports from Thailand decreased at an average annual rate of -1.8% from 2012 to 2022. At the same time, Vietnam (+14.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +14.5% from 2012-2022. By contrast, Indonesia (-1.8%), Singapore (-9.4%), the Philippines (-10.3%) and Malaysia (-14.8%) illustrated a downward trend over the same period. While the share of Thailand (+20 p.p.) and Vietnam (+4.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-11 p.p.) and Singapore (-12.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest vacuum pump and air or gas compressor supplier in South-Eastern Asia, comprising 52% of total exports. The second position in the ranking was taken by Singapore ($X), with a 25% share of total exports. It was followed by Malaysia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled +1.1%. In the other countries, the average annual rates were as follows: Singapore (-2.4% per year) and Malaysia (-3.6% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, increasing by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +4.9%. The growth pace was the most rapid in 2018 an increase of 19%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+15.0%), while the other leaders experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in South-Eastern Asia

In 2022, supplies from abroad of vacuum pumps and air or gas compressors decreased by -1.6% to X units for the first time since 2016, thus ending a five-year rising trend. Total imports indicated a perceptible expansion from 2012 to 2022: its volume 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 +57.9% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by 23%. Over the period under review, imports of reached the peak figure at X units in 2021, and then shrank slightly in the following year.

In value terms, imports of vacuum pumps and air or gas compressors shrank slightly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

Thailand represented the major importing country with an import of around X units, which resulted at 55% of total imports. It was distantly followed by Vietnam (X units), Malaysia (X units), Indonesia (X units) and Singapore (X units), together making up a 38% share of total imports. The following importers - the Philippines (X units) and Myanmar (X units) - together made up 6.4% of total imports.

From 2012 to 2022, average annual rates of growth with regard to vacuum pump and air or gas compressor imports into Thailand stood at +5.9%. At the same time, Myanmar (+17.9%), Vietnam (+12.4%), the Philippines (+2.6%) and Singapore (+1.6%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +17.9% from 2012-2022. By contrast, Malaysia (-2.0%) and Indonesia (-4.7%) illustrated a downward trend over the same period. While the share of Vietnam (+9.2 p.p.), Thailand (+7.3 p.p.) and Myanmar (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-1.7 p.p.), Malaysia (-7.8 p.p.) and Indonesia (-8.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported vacuum pumps and air or gas compressors in South-Eastern Asia, comprising 43% of total imports. The second position in the ranking was held by Singapore ($X), with a 17% share of total imports. It was followed by Indonesia, with a 14% share.

In Thailand, imports of vacuum pumps and air or gas compressors expanded at an average annual rate of +2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (+2.5% per year) and Indonesia (-0.9% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2015 an increase of 7.4% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 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 Singapore ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :