Overview of the Global Market for Turbo, Rotary and Reciporating Displacement Compressors

Market Size for Turbo, Rotary and Reciporating Displacement Compressors

The global market for turbo, rotary and reciporating displacement compressors amounted to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Turbo, Rotary and Reciporating Displacement Compressors

In value terms, production of turbo, rotary and reciporating displacement compressors fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27%. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports

In 2022, shipments abroad of turbo, rotary and reciporating displacement compressors decreased by -9.7% to X units for the first time since 2015, thus ending a six-year rising trend. In general, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 +43.3% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors contracted modestly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year. The global exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in compressors structure, reaching X units, which was near 60% of total exports in 2022. Hong Kong SAR (X units) ranks second in terms of the total exports with a 6.8% share, followed by Germany (5.2%). The following exporters - Poland (X units), India (X units), Taiwan (Chinese) (X units), Mexico (X units), the United States (X units), Thailand (X units), Romania (X units) and Slovakia (X units) - together made up 17% of total exports.

Exports from China increased at an average annual rate of +5.1% from 2012 to 2022. At the same time, Slovakia (+45.4%), Poland (+17.8%), Mexico (+9.8%), India (+7.8%), Thailand (+6.5%), the United States (+6.4%), Hong Kong SAR (+4.4%), Germany (+3.0%) and Romania (+1.2%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the world, with a CAGR of +45.4% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. Poland (+2.4 p.p.) and Slovakia (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest turbo, rotary and reciporating displacement compressor supplying countries worldwide were China ($X), Germany ($X) and the United States ($X), with a combined 42% share of global exports. Mexico, Romania, Poland, Slovakia, India, Thailand, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further 20%.

Slovakia, with a CAGR of +37.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global 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, picking up by 10% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The global export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other global leaders experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports

For the third year in a row, the global market recorded growth in supplies from abroad of turbo, rotary and reciporating displacement compressors, which increased by 3.3% to X units in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +60.9% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, global imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of turbo, rotary and reciporating displacement compressors stood at $X in 2022. The total import value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Over the period under review, global imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of imports of turbo, rotary and reciporating displacement compressors in 2022 were the United States (X units), Hong Kong SAR (X units), Thailand (X units), Germany (X units), India (X units), the UK (X units), Japan (X units), Mozambique (X units), Mexico (X units), Vietnam (X units), Poland (X units) and the Czech Republic (X units), together reaching 69% of total import. France (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +22.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest turbo, rotary and reciporating displacement compressor importing markets worldwide were the United States ($X), Germany ($X) and the UK ($X), together accounting for 25% of global imports. Mexico, Thailand, India, Japan, France, Poland, the Czech Republic, Vietnam, Hong Kong SAR and Mozambique lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Mozambique, with a CAGR of +12.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, dropping by -2.4% against the previous year. Overall, the import price saw a perceptible downturn. The pace of growth was the most pronounced in 2019 a decrease of -0.4%. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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