Manostat Market

The manostat market is forecasted to see a decrease in both consumption and production over the period from 2022 to 2030. Italy, Germany, and the United States are highlighted as key consuming and producing countries. Import and export trends are also discussed, with Germany and Romania being major exporters in the market.

Market Forecast

The manostat market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -1.0% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 307M units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market value to $11.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Manostats

In 2022, consumption of manostats increased by 6% to 332M units, rising for the third year in a row after three years of decline. In general, consumption showed a relatively flat trend pattern. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

The global manostat market size reached $9.7B in 2022, rising by 2.3% 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, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2020 when the market value increased by 8.3% against the previous year. Global consumption peaked at $12.4B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Italy (89M units), Germany (50M units) and the United States (46M units), with a combined 56% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Italy (with a CAGR of +49.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, India ($1.5B), the United States ($1.1B) and China ($996M) constituted the countries with the highest levels of market value in 2022, with a combined 37% share of the global market. Japan, Germany, Italy, Brazil, Mexico, Turkey and Spain lagged somewhat behind, together comprising a further 17%.

In terms of the main consuming countries, Italy, with a CAGR of +45.2%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of manostat per capita consumption was registered in Italy (1,507 units per million persons), followed by Germany (600 units per million persons), the United States (138 units per million persons) and Spain (118 units per million persons), while the world average per capita consumption of manostat was estimated at 42 units per million persons.

In Italy, manostat per capita consumption increased at an average annual rate of +49.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Germany (+17.2% per year) and the United States (-7.8% per year).

Production

World Production of Manostats

In 2022, after two years of growth, there was decline in production of manostats, when its volume decreased by -0.9% to 272M units. Overall, production continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 25%. Over the period under review, global production reached the maximum volume at 333M units in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In value terms, manostat production rose modestly to $8.8B in 2022 estimated in export price. In general, production recorded a perceptible setback. The pace of growth was the most pronounced in 2020 with an increase of 7.1% against the previous year. Over the period under review, global production hit record highs at $12.5B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Germany (54M units), China (51M units) and the United States (45M units), together accounting for 55% of global production. Slovenia, India, Italy, Mexico, Japan, the Czech Republic and Ethiopia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by the Czech Republic (with a CAGR of +22.5%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Manostats

In 2022, overseas purchases of manostats increased by 18% to 161M units, rising for the seventh year in a row after three years of decline. Overall, imports showed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 55% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, manostat imports declined to $972M in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 18% against the previous year. As a result, imports attained the peak of $1.1B. From 2019 to 2022, the growth of global imports remained at a lower figure.

Imports By Country

Italy prevails in imports structure, finishing at 100M units, which was near 62% of total imports in 2022. Turkey (9.5M units) took the second position in the ranking, followed by Germany (8.1M units). All these countries together took approx. 11% share of total imports. India (5.5M units), Poland (4.9M units), Mexico (4.9M units), the United States (3.1M units) and Brazil (2.4M units) followed a long way behind the leaders.

Imports into Italy increased at an average annual rate of +26.3% from 2012 to 2022. At the same time, India (+30.4%), Poland (+15.1%), Turkey (+9.4%), Germany (+9.0%) and Mexico (+3.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +30.4% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Brazil (-1.1%) illustrated a downward trend over the same period. Italy (+44 p.p.) and India (+2.7 p.p.) significantly strengthened its position in terms of the global imports, while Mexico, Brazil and the United States saw its share reduced by -3.5%, -3.5% and -3.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest manostat importing markets worldwide were Germany ($145M), the United States ($84M) and Italy ($49M), together accounting for 29% of global imports. Mexico, Turkey, Poland, India and Brazil lagged somewhat behind, together accounting for a further 15%.

Poland, with a CAGR of +15.7%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average manostat import price amounted to $6 per unit, with a decrease of -16.3% against the previous year. Over the period under review, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 6% against the previous year. As a result, import price reached the peak level of $18 per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($27 per unit), while Italy ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Manostats

In 2022, global manostat exports expanded modestly to 101M units, increasing by 3.2% against the previous year. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 17% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, manostat exports fell to $988M in 2022. In general, exports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of 8.2%. As a result, the exports attained the peak of $1.7B. From 2015 to 2022, the growth of the global exports remained at a somewhat lower figure.

Exports By Country

In 2022, Slovenia (24M units) and Italy (23M units) were the key exporters of manostatsacross the globe, together generating 47% of total exports. Germany (13M units) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (10%), China (9%) and Poland (4.7%). Romania (3.9M units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +13.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($223M) remains the largest manostat supplier worldwide, comprising 23% of global exports. The second position in the ranking was taken by Romania ($82M), with an 8.3% share of global exports. It was followed by Italy, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to -14.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (+18.3% per year) and Italy (+4.8% per year).

Export Prices By Country

In 2022, the average manostat export price amounted to $9.8 per unit, which is down by -10.1% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 2.2% against the previous year. Over the period under review, the average export prices attained the maximum at $20 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Romania ($21 per unit), while Slovenia ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.9%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform