United Kingdom: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in the UK

In 2022, the UK market for vacuum pumps and air or gas compressors increased by 20% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Vacuum Pumps and Air or Gas Compressors in the UK

In value terms, production of vacuum pumps and air or gas compressors declined slightly to $X in 2022 estimated in export price. In general, production showed a noticeable shrinkage. The growth pace was the most rapid in 2016 with an increase of 41% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from the UK

Exports of vacuum pumps and air or gas compressors from the UK fell to X units in 2022, reducing by -8.3% compared with 2021 figures. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 28%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors rose slightly to $X in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Germany (X units) and the Netherlands (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from the UK, together accounting for 28% of total exports. France, Belgium, China, Italy, Poland, India, Ireland, Singapore, Sweden and Turkey lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) were the largest markets for vacuum pump and air or gas compressor exported from the UK worldwide, together comprising 37% of total exports. Belgium, France, India, Italy, Sweden, China, Turkey, Ireland, Poland and Singapore lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, India, with a CAGR of +17.7%, 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, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2021 when the average export price increased by 18% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($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 (+9.3%), 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 the UK

In 2022, purchases abroad of vacuum pumps and air or gas compressors increased by 7.3% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of vacuum pumps and air or gas compressors skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to the UK, accounting for a 51% 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, the United States (X units), threefold. Germany (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.7% per year) and Germany (+0.2% per year).

In value terms, the largest vacuum pump and air or gas compressor suppliers to the UK were the United States ($X), Germany ($X) and China ($X), together comprising 47% of total imports. Slovakia, Poland, Romania, Italy, Thailand, France and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 32%.

Slovakia, with a CAGR of +46.1%, saw 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 more modest paces of growth.

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, growing by 10% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per unit in 2019; however, from 2020 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 Slovakia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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