Eastern Europe: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Eastern Europe

The East European tow-behind air compressor market surged to $X in 2022, with an increase of 21% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.0% against 2015 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Tow-Behind Air Compressor Production in Eastern Europe

In value terms, tow-behind air compressor production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 14% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Tow-Behind Air Compressor Exports

Exports in Eastern Europe

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were exported in Eastern Europe; rising by 32% against the previous year's figure. Total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +122.8% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tow-behind air compressor exports rose markedly to $X in 2022. Over the period under review, exports, however, showed a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the Czech Republic (X units) was the main exporter of air compressors mounted on a wheeled chassis for towing, mixing up 44% of total exports. Hungary (X units) ranks second in terms of the total exports with a 14% share, followed by Estonia (12%), Poland (7.6%) and Romania (6.1%). The following exporters - Slovakia (X units) and Bulgaria (X units) - each finished at an 8.1% share of total exports.

The Czech Republic experienced a relatively flat trend pattern with regard to volume of exports of air compressors mounted on a wheeled chassis for towing. At the same time, Romania (+42.1%), Hungary (+20.3%), Estonia (+15.3%) and Poland (+9.9%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +42.1% from 2012-2022. Bulgaria experienced a relatively flat trend pattern. By contrast, Slovakia (-15.1%) illustrated a downward trend over the same period. Hungary (+11 p.p.), Estonia (+8.7 p.p.), Romania (+5.8 p.p.) and Poland (+4.2 p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic and Slovakia saw its share reduced by -6.8% and -21.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest tow-behind air compressor supplier in Eastern Europe, comprising 79% of total exports. The second position in the ranking was taken by Poland ($X), with a 9.2% share of total exports. It was followed by Estonia, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic amounted to -4.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+12.5% per year) and Estonia (+12.6% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, falling by -12.9% against the previous year. Over the period under review, the export price showed a abrupt downturn. The growth pace was the most rapid in 2014 when the export price increased by 27% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+7.3%), while the other leaders experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports in Eastern Europe

In 2022, after six years of growth, there was significant decline in supplies from abroad of air compressors mounted on a wheeled chassis for towing, when their volume decreased by -32% to X units. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 51%. Over the period under review, imports attained the maximum at X units in 2021, and then fell remarkably in the following year.

In value terms, tow-behind air compressor imports dropped to $X in 2022. Over the period under review, imports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2017 with an increase of 44% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Romania (X units), Poland (X units) and Hungary (X units) was the major importer of air compressors mounted on a wheeled chassis for towing in Eastern Europe, creating 62% of total import. The Czech Republic (X units) took a 7.5% share (based on physical terms) of total imports, which put it in second place, followed by Bulgaria (6.6%), Slovakia (6%) and Estonia (5.8%).

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +21.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Romania ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, with a combined 47% share of total imports. Hungary, Bulgaria, Slovakia and Estonia lagged somewhat behind, together comprising a further 13%.

Estonia, with a CAGR of +15.0%, saw the highest growth rate of the value of imports, among the main importing countries 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 Eastern Europe amounted to $X per unit, increasing by 30% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2017 when the import price increased by 36% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, 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 the Czech Republic ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+15.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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