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

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

The Spanish market for vacuum pumps and air or gas compressors fell to $X in 2022, dropping by -5.8% against the previous year. Over the period under review, consumption recorded a slight downturn. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in Spain

In value terms, production of vacuum pumps and air or gas compressors reduced to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 18% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Spain

In 2022, overseas shipments of vacuum pumps and air or gas compressors increased by 7.8% to X units, rising for the second consecutive year after two years of decline. In general, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.3% 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 +20.0% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 46% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of vacuum pumps and air or gas compressors amounted to $X in 2022. The total export value increased at an average annual rate of +4.9% over the period 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 2013 with an increase of 41%. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units), France (X units) and Portugal (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Spain, together comprising 57% of total exports. Germany, Morocco, Poland, the United States, the Czech Republic, Argentina, the UK, Belgium and Mexico lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +23.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Spain were Italy ($X), France ($X) and Portugal ($X), together comprising 40% of total exports. Germany, the United States, Morocco, Argentina, the UK, Poland, the Czech Republic, Mexico and Belgium lagged somewhat behind, together comprising a further 28%.

The Czech Republic, with a CAGR of +19.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, reducing by -6% against the previous year. Overall, the export price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2019 an increase of 9.6%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Poland ($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 Belgium (+15.3%), 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 Spain

In 2022, the amount of vacuum pumps and air or gas compressors imported into Spain reduced to X units, declining by -5.1% compared with 2021. The total import volume increased at an average annual rate of +5.0% 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 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, imports of vacuum pumps and air or gas compressors declined slightly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 11%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to Spain, accounting for a 57% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.6% per year) and Taiwan (Chinese) (+4.1% per year).

In value terms, Germany ($X), China ($X) and Poland ($X) were the largest vacuum pump and air or gas compressor suppliers to Spain, together comprising 55% of total imports. Italy, France, Japan, Hungary, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +12.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, increasing by 4.8% against the previous year. In general, the import price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 7.3%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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