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

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

The Swedish market for vacuum pumps and air or gas compressors contracted to $X in 2022, waning by -13.5% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in Sweden

In value terms, production of vacuum pumps and air or gas compressors soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a tangible expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 4,601% against the previous year. Over the period under review, production of reached the peak level in 2022 and is likely to see gradual growth in the near future.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Sweden

In 2022, exports of vacuum pumps and air or gas compressors from Sweden declined to X units, which is down by -8.8% compared with the previous year's figure. Overall, exports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 15%. Over the period under review, the exports of attained the peak figure 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 contracted sharply to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 49% against the previous year. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Norway (X units), Finland (X units) and Germany (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Sweden, with a combined 58% share of total exports. Denmark, Brazil, the UK, the United States, Poland and Australia lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +13.2%), while shipments for 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 Sweden were Norway ($X), the United States ($X) and Germany ($X), with a combined 34% share of total exports. Finland, the UK, Denmark, Brazil, Poland and Australia lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, the UK, with a CAGR of +12.0%, saw the highest rates of growth with regard to 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 export price for vacuum pumps and air or gas compressors amounted to $X per unit, waning by -13.8% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +35.2% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 39%. The export price peaked at $X per unit in 2021, and then declined in the following year.

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 the United States ($X per unit), while the average price for exports to Finland ($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 UK (+13.0%), 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 Sweden

In 2022, imports of vacuum pumps and air or gas compressors into Sweden declined to X units, waning by -14.4% on the previous year. Over the period under review, imports continue to indicate a slight slump. The growth pace was the most rapid in 2017 with an increase of 20% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of vacuum pumps and air or gas compressors contracted to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and France (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to Sweden, with a combined 54% share of total imports. Hungary, Japan, the Netherlands, Thailand, Bulgaria, Denmark, Taiwan (Chinese), Poland, the United States and the UK lagged somewhat behind, together comprising a further 40%.

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 +181.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Sweden, comprising 31% of total imports. The second position in the ranking was taken by Hungary ($X), with a 14% share of total imports. It was followed by France, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+8.9% per year) and France (-2.7% 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 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2014 when the average import price increased by 13%. The import price peaked at $X per unit in 2020; however, from 2021 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 China (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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