Germany: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Germany

In 2022, the German tow-behind air compressor market increased by 1.8% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Tow-Behind Air Compressor Production in Germany

In value terms, tow-behind air compressor production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 49% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Tow-Behind Air Compressor Exports

Exports from Germany

In 2022, after six 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 -5.7% to X units. Overall, exports, however, posted perceptible growth. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, tow-behind air compressor exports surged to $X in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 35% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

France (X units), the United States (X units) and the Netherlands (X units) were the main destinations of tow-behind air compressor exports from Germany, together accounting for 34% of total exports. Italy, Poland, Spain, the UK, Austria, Colombia, Canada, Belgium, South Africa and Switzerland lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +51.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tow-behind air compressor exported from Germany were France ($X), the United States ($X) and the UK ($X), with a combined 31% share of total exports. Colombia, Switzerland, Canada, Austria, Spain, South Africa, the Netherlands, Belgium, Italy and Poland lagged somewhat behind, together accounting for a further 32%.

Canada, with a CAGR of +54.4%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the average tow-behind air compressor export price amounted to $X per unit, jumping by 28% against the previous year. In general, the export price, however, continues to indicate a pronounced downturn. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Poland ($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 Switzerland (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Germany

In 2022, the amount of air compressors mounted on a wheeled chassis for towing imported into Germany soared to X units, picking up by 34% against the year before. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 209%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, tow-behind air compressor imports skyrocketed to $X in 2022. In general, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest tow-behind air compressor supplier to Germany, with a 52% share of total imports. Moreover, tow-behind air compressor imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. Italy (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +53.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+9.1% per year) and Italy (+17.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of air compressors mounted on a wheeled chassis for towing to Germany, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with a 7.5% share of total imports. It was followed by the Netherlands, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+50.8% per year) and the Netherlands (+21.1% per year).

Import Prices by Country

In 2022, the average tow-behind air compressor import price amounted to $X per unit, with an increase of 2% against the previous year. Overall, the import price, however, faced a deep slump. The pace of growth was the most pronounced in 2018 an increase of 127%. The import price peaked at $X per unit in 2016; however, from 2017 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 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 the Netherlands (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :