Canada: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Canada

In 2022, the Canadian tow-behind air compressor market increased by 9.1% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a mild expansion. Tow-behind air compressor consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Tow-Behind Air Compressor Production in Canada

In value terms, tow-behind air compressor production declined dramatically to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 when the production volume increased by 77% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Tow-Behind Air Compressor Exports

Exports from Canada

In 2022, overseas shipments of air compressors mounted on a wheeled chassis for towing were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, saw a mild descent. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, tow-behind air compressor exports reduced remarkably to $X in 2022. In general, exports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 when exports increased by 50%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for tow-behind air compressor exports from Canada, accounting for a 81% share of total exports. Moreover, tow-behind air compressor exports to the UK exceeded the volume sent to the second major destination, the United States (X units), sixfold. France (X units) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +156.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-17.2% per year) and France (+67.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Canada, comprising 44% of total exports. The second position in the ranking was held by France ($X), with a 20% share of total exports. It was followed by the UK, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+74.3% per year) and the UK (+118.4% per year).

Export Prices by Country

The average tow-behind air compressor export price stood at $X per unit in 2022, declining by -84% against the previous year. Overall, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2020 an increase of 89% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+40.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Canada

In 2022, imports of air compressors mounted on a wheeled chassis for towing into Canada amounted to X units, increasing by 7.2% on the previous year's figure. Overall, imports enjoyed tangible growth. The growth pace was the most rapid in 2017 with an increase of 231% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, tow-behind air compressor imports skyrocketed to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 89%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of tow-behind air compressor to Canada, with a 71% share of total imports. Moreover, tow-behind air compressor imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Belgium (X units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.4% per year) and Belgium (-2.9% per year).

In value terms, the United States ($X) constituted the largest supplier of air compressors mounted on a wheeled chassis for towing to Canada, comprising 84% of total imports. The second position in the ranking was taken by Belgium ($X), with a 6.6% share of total imports. It was followed by China, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-8.3% per year) and China (+14.0% per year).

Import Prices by Country

In 2022, the average tow-behind air compressor import price amounted to $X per unit, jumping by 23% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 an increase of 155%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($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 (+7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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