South-Eastern Asia: Vacuum Pump Market 2024

Vacuum Pump Market Size in South-Eastern Asia

For the third consecutive year, the Southeast Asian vacuum pump market recorded growth in sales value, which increased by 7.4% to $X in 2022. Over the period under review, consumption saw a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vacuum Pump Production in South-Eastern Asia

In value terms, vacuum pump production stood at $X in 2022 estimated in export price. In general, production recorded a noticeable descent. The most prominent rate of growth was recorded in 2014 with an increase of 6.3% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vacuum Pump Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of vacuum pumps decreased by -12.7% to X units for the first time since 2018, thus ending a three-year rising trend. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.1% 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 +43.4% against 2018 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 30% against the previous year. As a result, the exports attained the peak of X units, and then declined in the following year.

In value terms, vacuum pump exports contracted to $X in 2022. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 83%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore was the largest exporting country with an export of around X units, which recorded 55% of total exports. Thailand (X units) took a 34% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (11%).

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +24.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum pump supplying countries in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Thailand ($X), together accounting for 99% of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of +25.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, with an increase of 8% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum pump export price decreased by -15.6% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 53%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.0%), while the other leaders experienced mixed trends in the export price figures.

Vacuum Pump Imports

Imports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in overseas purchases of vacuum pumps, which increased by 9.2% to X units in 2022. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +74.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, vacuum pump imports amounted to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value 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, imports increased by +40.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 24% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Thailand (X units), Singapore (X units) and Malaysia (X units) represented roughly 81% of total imports in 2022. Vietnam (X units) ranks next in terms of the total imports with an 11% share, followed by Indonesia (5.5%). The Philippines (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +26.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported vacuum pumps in South-Eastern Asia, comprising 50% of total imports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total imports. It was followed by Thailand, with a 14% share.

In Singapore, vacuum pump imports expanded at an average annual rate of +10.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (+4.3% per year) and Thailand (-1.8% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, picking up by 5% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2013 an increase of 20% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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