Australia's Vacuum Pump and Air or Gas Compressor Market to Experience 1.5% CAGR Growth Over Next Decade - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

IndexBox has just published a new report: Australia - Air Or Vacuum Pumps And Air Or Other Gas Compressors - Market Analysis, Forecast, Size, Trends and Insights.

Driven by rising demand, the vacuum pump and air or gas compressor market in Australia is forecasted to experience a +1.5% CAGR from 2024 to 2035. This growth trend indicates a positive outlook for the industry over the next decade.

Driven by rising demand for vacuum pump and air or gas compressor in Australia, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.5% for the period from 2024 to 2035, which is projected to bring the market volume to 3.4M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.5% for the period from 2024 to 2035, which is projected to bring the market value to $523M (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of vacuum pumps and air or gas compressors decreased by -18.9% to 2.9M units, falling for the fourth year in a row after two years of growth. Over the period under review, consumption recorded a perceptible slump. As a result, consumption reached the peak volume of 4.7M units. From 2021 to 2024, the growth of the consumption of remained at a lower figure.

The revenue of the market for vacuum pumps and air or gas compressors in Australia dropped rapidly to $444M in 2024, reducing by -19.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt descent. Consumption of peaked at $863M in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

In 2024, purchases abroad of vacuum pumps and air or gas compressors increased by 7.3% to 4M units for the first time since 2020, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 38% against the previous year. As a result, imports attained the peak of 4.9M units. From 2021 to 2024, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of vacuum pumps and air or gas compressors expanded remarkably to $599M in 2024. Over the period under review, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports of reached the peak figure at $1.1B in 2014; however, from 2015 to 2024, imports remained at a lower figure.

In 2023, China (2.9M units) constituted the largest supplier of vacuum pump and air or gas compressor to Australia, with a 79% 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, Taiwan (Chinese) (211K units), more than tenfold. The third position in this ranking was held by the United States (114K units), with a 3.1% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-8.1% per year) and the United States (-3.0% per year).

In value terms, the largest vacuum pump and air or gas compressor suppliers to Australia were China ($130M), the United States ($116M) and Italy ($48M), with a combined 52% share of total imports.

China, with a CAGR of +5.6%, recorded 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.

Hand or foot-operated air pumps (1.8M units), turbo, rotary and reciporating displacement compressors (1.6M units) and compressors for refrigeration equipment (444K units) were the main products of imports of vacuum pumps and air or gas compressors to Australia, with a combined 96% share of total imports.

From 2013 to 2024, the biggest increases were recorded for turbo, rotary and reciporating displacement compressors (with a CAGR of +3.5%), while purchases for the other products experienced mixed trend patterns.

In value terms, turbo, rotary and reciporating displacement compressors ($445M) constituted the largest type of vacuum pumps and air or gas compressors supplied to Australia, comprising 74% of total imports. The second position in the ranking was taken by compressors for refrigeration equipment ($84M), with a 14% share of total imports. It was followed by vacuum pumps, with a 5.7% share.

From 2013 to 2024, the average annual growth rate of the value of turbo, rotary and reciporating displacement compressors imports totaled -5.3%. With regard to the other supplied products, the following average annual rates of growth were recorded: compressors for refrigeration equipment (-6.7% per year) and vacuum pumps (+3.0% per year).

In 2024, the average import price for vacuum pumps and air or gas compressors amounted to $150 per unit, remaining relatively unchanged against the previous year. Overall, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 47%. The import price peaked at $275 per unit in 2014; however, from 2015 to 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplied products. In 2024, the product with the highest price was air compressors mounted on a wheeled chassis for towing ($6.9 thousand per unit), while the price for hand or foot-operated air pumps ($3.2 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by tow-behind air compressor (+8.5%), while the prices for the other products experienced mixed trend patterns.

The average import price for vacuum pumps and air or gas compressors stood at $151 per unit in 2023, picking up by 7.2% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 47%. Over the period under review, average import prices hit record highs at $275 per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($1 thousand per unit), while the price for Taiwan (Chinese) ($37 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of vacuum pumps and air or gas compressors from Australia surged to 1.1M units in 2024, rising by 682% on 2023 figures. Over the period under review, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of vacuum pumps and air or gas compressors reduced to $54M in 2024. Overall, total exports indicated a slight increase from 2013 to 2024: its value increased at an average annual rate of +1.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +46.8% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of 26%. The exports peaked at $59M in 2023, and then declined in the following year.

New Zealand (87K units), the United States (46K units) and China (17K units) were the main destinations of exports of vacuum pumps and air or gas compressors from Australia.

From 2013 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of +20.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Australia were the United States ($14M), New Zealand ($8.9M) and Papua New Guinea ($7.2M), with a combined 51% share of total exports. Germany, the UK, Singapore, France, China, the United Arab Emirates, the Netherlands and Saudi Arabia lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, the Netherlands, with a CAGR of +31.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Compressors for refrigeration equipment (818K units) was the largest type of vacuum pumps and air or gas compressors exported from Australia, with a 75% share of total exports. Moreover, compressors for refrigeration equipment exceeded the volume of the second product type, turbo, rotary and reciporating displacement compressors (245K units), threefold. Vacuum pumps (14K units) ranked third in terms of total exports with a 1.3% share.

From 2013 to 2024, the average annual rate of growth in terms of the volume of compressors for refrigeration equipment exports stood at +21.3%. With regard to the other exported products, the following average annual rates of growth were recorded: turbo, rotary and reciporating displacement compressors (+0.3% per year) and vacuum pumps (+7.6% per year).

In value terms, turbo, rotary and reciporating displacement compressors ($35M) remains the largest type of vacuum pumps and air or gas compressors exported from Australia, comprising 65% of total exports. The second position in the ranking was taken by air compressors mounted on a wheeled chassis for towing ($6.8M), with a 13% share of total exports. It was followed by vacuum pumps, with an 11% share.

From 2013 to 2024, the average annual rate of growth in terms of the value of turbo, rotary and reciporating displacement compressors exports amounted to +1.8%. With regard to the other exported products, the following average annual rates of growth were recorded: air compressors mounted on a wheeled chassis for towing (+4.3% per year) and vacuum pumps (+3.5% per year).

In 2024, the average export price for vacuum pumps and air or gas compressors amounted to $49 per unit, with a decrease of -88.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 104% against the previous year. Over the period under review, the average export prices attained the peak figure at $423 per unit in 2023, and then shrank dramatically in the following year.

Prices varied noticeably by the product type; the product with the highest price was air compressors mounted on a wheeled chassis for towing ($1.4 thousand per unit), while the average price for exports of compressors for refrigeration equipment ($6.8 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: hand-operated air pump (+9.5%), while the prices for the other products experienced mixed trend patterns.

In 2023, the average export price for vacuum pumps and air or gas compressors amounted to $423 per unit, jumping by 77% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 104%. Over the period under review, the average export prices reached the peak figure in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Papua New Guinea ($1.5 thousand per unit), while the average price for exports to China ($99 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for vacuum pump and air or gas compressor in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles