United Kingdom: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in the UK

In 2022, the UK market for turbo, rotary and reciporating displacement compressors increased by 16% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +31.7% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Production of Turbo, Rotary and Reciporating Displacement Compressors in the UK

In value terms, production of turbo, rotary and reciporating displacement compressors fell slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 72% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from the UK

In 2022, exports of turbo, rotary and reciporating displacement compressors from the UK dropped to X units, shrinking by -12.8% against 2021. Overall, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 77%. Over the period under review, the exports of attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors expanded to $X in 2022. The total export value increased at an average annual rate of +3.2% 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 exports increased by 54%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), the United States (X units) and France (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from the UK, together accounting for 44% of total exports. Belgium, Italy, the Netherlands, Sweden, Poland, China, the United Arab Emirates, Ireland, Brazil and India lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +29.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turbo, rotary and reciporating displacement compressor exported from the UK were the United States ($X), Germany ($X) and the Netherlands ($X), with a combined 41% share of total exports. Belgium, France, India, Italy, Sweden, the United Arab Emirates, China, Brazil, Ireland and Poland lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, India, with a CAGR of +25.0%, saw 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

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, with an increase of 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2014 an increase of 29%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Poland ($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 India (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into the UK

In 2022, supplies from abroad of turbo, rotary and reciporating displacement compressors increased by 8.1% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.8% 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 +37.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of turbo, rotary and reciporating displacement compressors expanded notably to $X in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 27%. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Germany (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to the UK, with a combined 75% share of total imports. Poland, Slovakia, Romania, Italy, France, India, Austria and the Netherlands lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +177.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of turbo, rotary and reciporating displacement compressors to the UK, comprising 28% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Slovakia, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.7% per year) and Slovakia (+175.9% per year).

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, surging by 4.3% against the previous year. In general, the import price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2019 an increase of 18% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Austria (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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