Spain: Vacuum Pump Market 2024

Vacuum Pump Market Size in Spain

In 2022, the Spanish vacuum pump market increased by 48% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a mild reduction. Vacuum pump consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Vacuum Pump Production in Spain

In value terms, vacuum pump production skyrocketed to $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +47.3% against 2020 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Vacuum Pump Exports

Exports from Spain

In 2022, shipments abroad of vacuum pumps decreased by -23.9% to X units, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 66% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vacuum pump exports fell modestly to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.2% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 52% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Italy (X units) and France (X units) were the main destinations of vacuum pump exports from Spain, with a combined 59% share of total exports. Portugal, China, Hong Kong SAR, Poland, the United States, Turkey, Morocco, Bulgaria and Egypt lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +44.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump exported from Spain were Italy ($X), China ($X) and Germany ($X), with a combined 35% share of total exports. France, Portugal, the United States, Turkey, Morocco, Poland, Egypt, Bulgaria and Hong Kong SAR lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, Turkey, with a CAGR of +28.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vacuum pump export price amounted to $X per unit, growing by 26% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2016 an increase of 50%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Hong Kong SAR ($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 China (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Vacuum Pump Imports

Imports into Spain

In 2022, supplies from abroad of vacuum pumps was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, recorded a perceptible contraction. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, vacuum pump imports soared to $X in 2022. Overall, imports recorded a mild expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and the Czech Republic (X units) were the main suppliers of vacuum pump imports to Spain, with a combined 63% share of total imports. France, Bulgaria, Italy, the Netherlands, Switzerland, the UK and India lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +157.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of vacuum pumps to Spain, comprising 37% of total imports. The second position in the ranking was held by France ($X), with an 18% share of total imports. It was followed by the Czech Republic, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.9% per year) and the Czech Republic (+40.5% per year).

Import Prices by Country

In 2022, the average vacuum pump import price amounted to $X per unit, rising by 3.2% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum pump import price increased by +80.4% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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