China: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in China

The Chinese tow-behind air compressor market expanded modestly to $X in 2022, surging by 2% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Tow-Behind Air Compressor Production in China

In value terms, tow-behind air compressor production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 9.7% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Tow-Behind Air Compressor Exports

Exports from China

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were exported from China; with a decrease of -1.5% compared with the year before. In general, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 73%. As a result, the exports reached the peak of X units, and then shrank in the following year.

In value terms, tow-behind air compressor exports stood at $X in 2022. Overall, exports, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 44% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Nigeria (X units), the United Arab Emirates (X units) and the United States (X units) were the main destinations of tow-behind air compressor exports from China, together comprising 33% of total exports. Indonesia, Russia, Brazil, Turkey, Kazakhstan, Iran, Thailand, Argentina, Algeria and Italy lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +113.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the United Arab Emirates ($X) and the United States ($X) appeared to be the largest markets for tow-behind air compressor exported from China worldwide, together comprising 13% of total exports. Russia, Kazakhstan, Nigeria, Thailand, Brazil, Turkey, Algeria, Argentina, Iran and Italy lagged somewhat behind, together comprising a further 18%.

Italy, with a CAGR of +86.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tow-behind air compressor export price stood at $X per unit in 2022, with an increase of 15% against the previous year. Overall, the export price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2020 an increase of 30% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Iran ($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 Argentina (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into China

In 2022, the amount of air compressors mounted on a wheeled chassis for towing imported into China surged to X units, rising by 39% on 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tow-behind air compressor imports contracted to $X in 2022. In general, imports, however, showed a significant decline. The most prominent rate of growth was recorded in 2018 when imports increased by 24%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

France (X units), Turkey (X units) and Italy (X units) were the main suppliers of tow-behind air compressor imports to China, together accounting for 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +50.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of air compressors mounted on a wheeled chassis for towing to China, comprising 66% of total imports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total imports. It was followed by Germany, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at +52.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.3% per year) and Germany (-12.2% per year).

Import Prices by Country

The average tow-behind air compressor import price stood at $X per unit in 2022, dropping by -36.8% against the previous year. In general, the import price saw a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 50% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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