Asia: Tow-Behind Air Compressor Market 2025

Tow-Behind Air Compressor Market Size in Asia

The Asian tow-behind air compressor market was estimated at $X in 2022, surging by 6.1% against the previous year. Over the period under review, consumption saw a mild reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tow-Behind Air Compressor Production in Asia

In value terms, tow-behind air compressor production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a mild reduction. The most prominent rate of growth was recorded in 2013 with an increase of 23%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Tow-Behind Air Compressor Exports

Exports in Asia

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were exported in Asia; surging by 9.8% compared with the year before. In general, exports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 114%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tow-behind air compressor exports surged to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 29%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, India (X units) and China (X units) were the main exporters of air compressors mounted on a wheeled chassis for towing in Asia, together accounting for near 79% of total exports. It was distantly followed by Singapore (X units), creating a 14% share of total exports. The following exporters - Turkey (X units) and the Philippines (X units) - together made up 4.6% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of +70.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest tow-behind air compressor supplier in Asia, comprising 44% of total exports. The second position in the ranking was held by India ($X), with a 17% share of total exports. It was followed by Singapore, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +4.7%. The remaining exporting countries recorded the following average annual rates of exports growth: India (-2.6% per year) and Singapore (-2.2% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, increasing by 9.7% against the previous year. Over the period under review, the export price showed a tangible expansion. The most prominent rate of growth was recorded in 2014 an increase of 118%. As a result, the export price attained the peak level of $X per unit. From 2015 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 Philippines ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+19.6%), while the other leaders experienced a decline in the export price figures.

Tow-Behind Air Compressor Imports

Imports in Asia

In 2022, purchases abroad of air compressors mounted on a wheeled chassis for towing increased by 8% to X units, rising for the second year in a row after two years of decline. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +55.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, tow-behind air compressor imports expanded modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

India prevails in imports structure, finishing at X units, which was approx. 56% of total imports in 2022. Malaysia (X units) ranks second in terms of the total imports with a 6.5% share, followed by Turkey (6.5%), Singapore (5.7%) and the United Arab Emirates (5%). South Korea (X units), Japan (X units), Indonesia (X units) and Thailand (X units) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +8.1% from 2012 to 2022. At the same time, South Korea (+13.9%), Turkey (+8.3%), the United Arab Emirates (+6.7%), Singapore (+4.5%), Indonesia (+3.5%), Thailand (+2.4%) and Japan (+2.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of +13.9% from 2012-2022. By contrast, Malaysia (-5.4%) illustrated a downward trend over the same period. While the share of India (+14 p.p.) and Turkey (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (-12.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported air compressors mounted on a wheeled chassis for towing in Asia, comprising 24% of total imports. The second position in the ranking was held by Indonesia ($X), with a 7.7% share of total imports. It was followed by the United Arab Emirates, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled -6.9%. In the other countries, the average annual rates were as follows: Indonesia (+0.5% per year) and the United Arab Emirates (-4.7% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, dropping by -4.6% against the previous year. Over the period under review, the import price faced a abrupt contraction. The pace of growth appeared the most rapid in 2020 an increase of 10% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 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 Indonesia ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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