U.S.: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in the U.S.

In 2022, the U.S. market for vacuum pumps and air or gas compressors increased by 13% 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; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Vacuum Pumps and Air or Gas Compressors in the U.S.

In value terms, production of vacuum pumps and air or gas compressors totaled $X in 2022. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 10%. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from the U.S.

In 2022, after four years of decline, there was significant growth in overseas shipments of vacuum pumps and air or gas compressors, when their volume increased by 16% to X units. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the exports of attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors rose sharply to $X in 2022. Over the period under review, exports, however, saw a pronounced reduction. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), Canada (X units) and Japan (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from the United States, with a combined 75% share of total exports. South Korea, Germany, the UK, Brazil and Saudi Arabia lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +9.7%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and Germany ($X) constituted the largest markets for vacuum pump and air or gas compressor exported from the United States worldwide, with a combined 56% share of total exports. The UK, South Korea, Japan, Brazil and Saudi Arabia lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, the UK, with a CAGR of +11.4%, 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, falling by -4.3% against the previous year. Overall, the export price showed a pronounced downturn. The growth pace was the most rapid in 2021 when the average export price increased by 4.3% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the 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 the UK ($X per unit), while the average price for exports to Japan ($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 (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into the U.S.

In 2022, the amount of vacuum pumps and air or gas compressors imported into the United States fell modestly to X units, stabilizing at 2021. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 16% against the previous year. Over the period under review, imports of hit record highs at X units in 2021, and then dropped in the following year.

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 +4.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% 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 immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to the United States, accounting for a 42% 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, Mexico (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+4.0% per year) and Taiwan (Chinese) (+3.1% per year).

In value terms, Mexico ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to the United States, comprising 28% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.6% per year) and Japan (+5.1% 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, surging by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Vietnam ($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) (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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