Switzerland: Vacuum Pump Market 2024

Vacuum Pump Market Size in Switzerland

In 2022, after two years of growth, there was significant decline in the Swiss vacuum pump market, when its value decreased by -26.5% to $X. In general, consumption showed a deep downturn. Vacuum pump consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vacuum Pump Production in Switzerland

In value terms, vacuum pump production declined sharply to $X in 2022 estimated in export price. Over the period under review, production saw a sharp contraction. The growth pace was the most rapid in 2016 when the production volume decreased by -3.6% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vacuum Pump Exports

Exports from Switzerland

Vacuum pump exports from Switzerland reduced modestly to X units in 2022, remaining relatively unchanged against 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 28%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, vacuum pump exports rose slightly to $X in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X units), China (X units) and the United States (X units) were the main destinations of vacuum pump exports from Switzerland, with a combined 54% share of total exports. Austria, the Netherlands, South Korea, France, the UK, Japan and Italy lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +12.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump exported from Switzerland were China ($X), Germany ($X) and South Korea ($X), with a combined 51% share of total exports.

South Korea, with a CAGR of +16.6%, saw 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 vacuum pump export price stood at $X per unit in 2022, rising by 3.4% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 increased by +57.0% against 2013 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 28%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Austria ($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 (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Switzerland

In 2022, overseas purchases of vacuum pumps decreased by -30.7% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by 63% against the previous year. Imports peaked at X units in 2021, and then fell significantly in the following year.

In value terms, vacuum pump imports expanded to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), China (X units) and the Netherlands (X units) were the main suppliers of vacuum pump imports to Switzerland, with a combined 69% share of total imports. Hungary, the UK, Slovenia, the United States, Italy, Israel, France and Austria lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +112.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of vacuum pumps to Switzerland, comprising 52% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.2% share of total imports. It was followed by Italy, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.4% per year) and Italy (+1.7% per year).

Import Prices by Country

In 2022, the average vacuum pump import price amounted to $X per unit, surging by 51% against the previous year. In general, the import price, however, saw a noticeable reduction. The import price peaked at $X per unit in 2013; however, from 2014 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 Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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