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

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

The Swiss market for vacuum pumps and air or gas compressors reduced to $X in 2022, which is down by -4.2% against the previous year. Over the period under review, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.7% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Vacuum Pumps and Air or Gas Compressors in Switzerland

In value terms, production of vacuum pumps and air or gas compressors shrank to $X in 2022 estimated in export price. In general, production, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 135%. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Switzerland

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported from Switzerland; with an increase of 19% on 2021. The total export volume increased at an average annual rate of +6.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by 32% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, exports of vacuum pumps and air or gas compressors surged to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 25%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Switzerland, accounting for a 46% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to Germany exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was held by the United States (X units), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+21.9% per year) and the United States (+1.9% per year).

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Switzerland were China ($X), Germany ($X) and South Korea ($X), with a combined 49% share of total exports.

Among the main countries of destination, China, with a CAGR of +9.7%, saw 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 export price for vacuum pumps and air or gas compressors amounted to $X per unit, approximately equating the previous year. Overall, the export price showed a pronounced decrease. The pace of growth appeared the most rapid in 2019 when the average export price increased by 5.2% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Germany ($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 France (+8.1%), 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 Switzerland

In 2022, overseas purchases of vacuum pumps and air or gas compressors decreased by -3.8% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 14% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2021, and then reduced slightly in the following year.

In value terms, imports of vacuum pumps and air or gas compressors expanded slightly to $X in 2022. Overall, imports, however, showed a slight increase. The most prominent rate of growth was recorded in 2018 when imports increased by 23% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to Switzerland, accounting for a 48% 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), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.7% per year) and Taiwan (Chinese) (+6.9% per year).

In value terms, Germany ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Switzerland, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 7.7% share of total imports. It was followed by Italy, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.7% per year) and Italy (-3.3% per year).

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, rising by 9.1% against the previous year. In general, the import price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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