Czech Republic: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in the Czech Republic

The Czech tow-behind air compressor market skyrocketed to $X in 2022, with an increase of 75% against the previous year. Overall, consumption enjoyed a resilient expansion. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Tow-Behind Air Compressor Production in the Czech Republic

In value terms, tow-behind air compressor production soared to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Tow-Behind Air Compressor Exports

Exports from the Czech Republic

For the third year in a row, the Czech Republic recorded growth in overseas shipments of air compressors mounted on a wheeled chassis for towing, which increased by 26% to X units in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 37% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, tow-behind air compressor exports soared to $X in 2022. In general, exports, however, showed a pronounced decline. The growth pace was the most rapid in 2017 with an increase of 26%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for tow-behind air compressor exports from the Czech Republic, accounting for a 69% share of total exports. Moreover, tow-behind air compressor exports to Germany exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-8.8% per year) and the United States (+48.8% per year).

In value terms, the United States ($X), the UK ($X) and France ($X) were the largest markets for tow-behind air compressor exported from the Czech Republic worldwide, with a combined 63% share of total exports.

The United States, with a CAGR of +49.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average tow-behind air compressor export price stood at $X per unit in 2022, waning by -5.4% against the previous year. Overall, the export price saw a pronounced contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 47% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($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 France (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into the Czech Republic

Tow-behind air compressor imports into the Czech Republic reduced markedly to X units in 2022, waning by -69.6% against 2021 figures. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 73%. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, tow-behind air compressor imports shrank remarkably to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2014 when imports increased by 391%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest tow-behind air compressor supplier to the Czech Republic, accounting for a 56% share of total imports. Moreover, tow-behind air compressor imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Poland (X units) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.8% per year) and Poland (+3.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of air compressors mounted on a wheeled chassis for towing to the Czech Republic, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Italy, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.4% per year) and Italy (+9.2% per year).

Import Prices by Country

The average tow-behind air compressor import price stood at $X per unit in 2022, growing by 151% against the previous year. Overall, the import price continues to indicate buoyant growth. The growth pace was the most rapid in 2014 when the average import price increased by 184%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: 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 Germany (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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