U.S.: Vacuum Pump Market 2024

Vacuum Pump Market Size in the U.S.

The U.S. vacuum pump market shrank modestly to $X in 2022, reducing by -2.4% against the previous year. In general, consumption continues to indicate a slight downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Vacuum Pump Production in the U.S.

In value terms, vacuum pump production contracted to $X in 2022. In general, production, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2014 with an increase of 8.9% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Vacuum Pump Exports

Exports from the U.S.

In 2022, the amount of vacuum pumps exported from the United States surged to X units, increasing by 16% on the previous year. Over the period under review, exports showed a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, vacuum pump exports amounted to $X in 2022. The total export value increased at an average annual rate of +3.7% 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 2018 when exports increased by 13%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

South Korea (X units), Canada (X units) and Mexico (X units) were the main destinations of vacuum pump exports from the United States, with a combined 77% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +41.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump exported from the United States were Canada ($X), Mexico ($X) and Germany ($X), with a combined 42% share of total exports.

Mexico, with a CAGR of +8.3%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average vacuum pump export price amounted to $X per unit, waning by -6.2% against the previous year. In general, the export price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2016 when the average export price increased by 25% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the average price for exports to South Korea ($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 Canada (+0.8%), while the prices for the other major destinations experienced a decline.

Vacuum Pump Imports

Imports into the U.S.

In 2022, approx. X units of vacuum pumps were imported into the United States; with a decrease of -2.9% compared with the previous year's figure. In general, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% 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 +4.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 67%. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, vacuum pump imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 13%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Mexico (X units) and Canada (X units) were the main suppliers of vacuum pump imports to the United States, together comprising 77% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +16.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and Mexico ($X) were the largest vacuum pump suppliers to the United States, with a combined 46% share of total imports. South Korea, France, Canada and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 22%.

Taiwan (Chinese), with a CAGR of +10.7%, recorded the highest rates of growth with regard to the value of imports, among 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 vacuum pump import price stood at $X per unit in 2022, rising by 14% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum pump import price increased by +31.2% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 23%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Mexico ($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) (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :