EU: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in the EU

The EU tow-behind air compressor market totaled $X in 2022, growing by 13% against the previous year. The total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +14.1% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Tow-Behind Air Compressor Production in the EU

In value terms, tow-behind air compressor production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of 39% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tow-Behind Air Compressor Exports

Exports in the EU

In 2022, after three years of growth, there was significant decline in overseas shipments of air compressors mounted on a wheeled chassis for towing, when their volume decreased by -13.4% to X units. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 39% against the previous year. The volume of export peaked at X units in 2021, and then declined in the following year.

In value terms, tow-behind air compressor exports expanded remarkably to $X in 2022. Overall, exports recorded a mild downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 22% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Italy (X units) represented the key exporter of air compressors mounted on a wheeled chassis for towing, making up 44% of total exports. Belgium (X units) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (8.4%), France (5.1%) and Sweden (5%). The following exporters - Germany (X units), the Czech Republic (X units), Spain (X units), Finland (X units) and Denmark (X units) - together made up 15% of total exports.

Italy 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, Finland (+50.7%), Denmark (+20.8%), Sweden (+9.8%), France (+9.2%), Germany (+4.8%), Belgium (+3.1%) and Spain (+1.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +50.7% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. By contrast, the Netherlands (-3.1%) illustrated a downward trend over the same period. Sweden (+2.7 p.p.), France (+2.6 p.p.), Belgium (+2.4 p.p.), Finland (+2.2 p.p.) and Denmark (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands and Italy saw its share reduced by -5% and -8.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tow-behind air compressor supplying countries in the European Union were Belgium ($X), Germany ($X) and Italy ($X), with a combined 79% share of total exports. The Czech Republic, France, the Netherlands, Sweden, Spain, Denmark and Finland lagged somewhat behind, together comprising a further 19%.

Finland, with a CAGR of +42.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, rising by 27% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 33% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood 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 Germany ($X per unit), while Finland ($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 Netherlands (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Tow-Behind Air Compressor Imports

Imports in the EU

In 2022, supplies from abroad of air compressors mounted on a wheeled chassis for towing decreased by -22.6% to X units for the first time since 2015, thus ending a six-year rising trend. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of X units, and then declined remarkably in the following year.

In value terms, tow-behind air compressor imports fell to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +59.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Italy (X units), followed by France (X units), Belgium (X units), Spain (X units), the Netherlands (X units), Sweden (X units) and Finland (X units) represented the major importers of air compressors mounted on a wheeled chassis for towing, together achieving 73% of total imports. Denmark (X units), Ireland (X units), Romania (X units), Poland (X units), Hungary (X units) and Germany (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 43% of total imports. Sweden, the Netherlands, Spain, Belgium, Poland, Denmark, Finland, Romania, Ireland and Hungary lagged somewhat behind, together comprising a further 46%.

Among the main importing countries, Ireland, with a CAGR of +16.4%, saw the highest rates of growth with regard to 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

The import price in the European Union stood at $X per unit in 2022, increasing by 21% against the previous year. Overall, the import price, however, showed a slight setback. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :