Thailand: Market for Vacuum Pumps and Air or Gas Compressors 2025

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

In 2022, the Thai market for vacuum pumps and air or gas compressors increased by 1.1% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption showed a buoyant increase. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Production of Vacuum Pumps and Air or Gas Compressors in Thailand

In value terms, production of vacuum pumps and air or gas compressors reduced rapidly to $X in 2022 estimated in export price. Overall, production recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by 320% against the previous year. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Thailand

In 2022, overseas shipments of vacuum pumps and air or gas compressors increased by 21% to X units, rising for the second year in a row after four years of decline. Overall, exports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors reduced to $X in 2022. The total export value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X units), China (X units) and the United States (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Thailand, together comprising 42% of total exports. India, Malaysia, Vietnam, South Korea, Mexico, the Netherlands, Singapore, Argentina, Indonesia and Germany lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +27.1%), 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 Thailand were China ($X), Japan ($X) and the United States ($X), together accounting for 45% of total exports. India, Singapore, the Netherlands, Malaysia, South Korea, Germany, Mexico, Vietnam, Indonesia and Argentina lagged somewhat behind, together accounting for a further 33%.

In terms of the main countries of destination, Germany, with a CAGR of +28.6%, recorded 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

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, reducing by -17.9% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 decreased by -23.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average 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 Singapore ($X per unit), while the average price for exports to Argentina ($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 Singapore (+9.5%), 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 Thailand

In 2022, purchases abroad of vacuum pumps and air or gas compressors increased by 17% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.6% against 2018 indices. The pace of growth appeared the most rapid in 2020 with an increase of 43%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of vacuum pumps and air or gas compressors totaled $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to Thailand, accounting for a 82% 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, Japan (X units), more than tenfold. The third position in this ranking was held by South Korea (X units), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.1% per year) and South Korea (-2.7% per year).

In value terms, the largest vacuum pump and air or gas compressor suppliers to Thailand were China ($X), Japan ($X) and Indonesia ($X), with a combined 79% share of total imports.

China, with a CAGR of +6.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, reducing by -12.7% against the previous year. Overall, the import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 an increase of 10% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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