CIS: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in CIS

The CIS tow-behind air compressor market amounted to $X in 2022, surging by 7.9% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tow-Behind Air Compressor Production in CIS

In value terms, tow-behind air compressor production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 39% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Tow-Behind Air Compressor Exports

Exports in CIS

In 2022, overseas shipments of air compressors mounted on a wheeled chassis for towing increased by 4% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 238%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, tow-behind air compressor exports soared to $X in 2022. Overall, exports showed mild growth. The pace of growth was the most pronounced in 2013 with an increase of 151%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X units) and Belarus (X units) dominates exports structure, together mixing up 91% of total exports. It was distantly followed by Kazakhstan (X units), achieving a 6.1% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kazakhstan (with a CAGR of +19.3%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Russia ($X) and Kazakhstan ($X) were the countries with the highest levels of exports in 2022, together accounting for 91% of total exports.

In terms of the main exporting countries, Kazakhstan, with a CAGR of +20.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, with an increase of 22% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2013 an increase of 62% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat 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 Kazakhstan ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.3%), while the other leaders experienced a decline in the export price figures.

Tow-Behind Air Compressor Imports

Imports in CIS

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were imported in the CIS; rising by 47% on the previous year's figure. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +68.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 52% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, tow-behind air compressor imports expanded remarkably to $X in 2022. Overall, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 106%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan was the largest importing country with an import of about X units, which finished at 56% of total imports. It was distantly followed by Moldova (X units), Russia (X units) and Azerbaijan (X units), together comprising a 34% share of total imports. Tajikistan (X units), Armenia (X units) and Uzbekistan (X units) held a minor share of total imports.

Imports into Kazakhstan increased at an average annual rate of +8.4% from 2012 to 2022. At the same time, Tajikistan (+24.5%), Armenia (+22.1%), Azerbaijan (+9.7%) and Moldova (+6.5%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +24.5% from 2012-2022. By contrast, Uzbekistan (-3.8%) and Russia (-10.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan, Moldova, Tajikistan, Azerbaijan, Armenia and Uzbekistan increased by +21, +5.1, +2.9, +2.6, +2.2 and +1.7 percentage points, respectively.

In value terms, the largest tow-behind air compressor importing markets in the CIS were Russia ($X), Kazakhstan ($X) and Uzbekistan ($X), together accounting for 89% of total imports. Azerbaijan, Tajikistan, Armenia and Moldova lagged somewhat behind, together comprising a further 8.3%.

In terms of the main importing countries, Tajikistan, with a CAGR of +13.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, dropping by -24.5% against the previous year. In general, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2017 when the import price increased by 55%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 Russia ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+14.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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