Asia-Pacific: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Asia-Pacific

The Asia-Pacific tow-behind air compressor market rose notably to $X in 2022, increasing by 6.4% against the previous year. Overall, consumption showed a noticeable decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tow-Behind Air Compressor Production in Asia-Pacific

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 perceptible curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 23%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Tow-Behind Air Compressor Exports

Exports in Asia-Pacific

In 2022, exports of air compressors mounted on a wheeled chassis for towing in Asia-Pacific expanded sharply to X units, surging by 12% on 2021 figures. Overall, exports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2019 with an increase of 119% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tow-behind air compressor exports surged to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 30%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X units) and China (X units) represented roughly 81% of total exports in 2022. It was distantly followed by Singapore (X units), mixing up a 15% share of total exports. The Philippines (X units) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +70.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest tow-behind air compressor supplier in Asia-Pacific, comprising 47% of total exports. The second position in the ranking was held by India ($X), with an 18% share of total exports. It was followed by Singapore, with a 6.3% share.

In China, tow-behind air compressor exports increased at an average annual rate of +4.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-2.6% per year) and Singapore (-2.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, rising by 9.9% against the previous year. Overall, the export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2014 when the export price increased by 118% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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-Pacific

In 2022, imports of air compressors mounted on a wheeled chassis for towing in Asia-Pacific stood at X units, increasing by 10% on 2021 figures. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, tow-behind air compressor imports stood at $X in 2022. In general, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 24% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India dominates imports structure, finishing at X units, which was near 63% of total imports in 2022. Malaysia (X units) ranks second in terms of the total imports with a 7.4% share, followed by Singapore (6.4%). Australia (X units), South Korea (X units), Japan (X units), Indonesia (X units), Thailand (X units), the Philippines (X units) and Nepal (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tow-behind air compressor imports into India stood at +8.1%. At the same time, the Philippines (+24.4%), Australia (+16.7%), South Korea (+13.9%), Nepal (+11.7%), Singapore (+4.5%), Indonesia (+3.5%), Thailand (+2.4%) and Japan (+2.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +24.4% from 2012-2022. By contrast, Malaysia (-5.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Australia and South Korea increased by +15, +2.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported air compressors mounted on a wheeled chassis for towing in Asia-Pacific, comprising 32% of total imports. The second position in the ranking was taken by Australia ($X), with a 13% share of total imports. It was followed by Indonesia, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to -6.9%. In the other countries, the average annual rates were as follows: Australia (-0.6% per year) and Indonesia (+0.5% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, falling by -4% against the previous year. In general, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 14%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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