Indonesia: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Indonesia

In 2022, the Indonesian tow-behind air compressor market increased by 19% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a mild increase 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 +41.2% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Tow-Behind Air Compressor Exports

Exports from Indonesia

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were exported from Indonesia; increasing by 226% against the year before. Overall, exports posted temperate growth. The growth pace was the most rapid in 2014 with an increase of 498%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, tow-behind air compressor exports skyrocketed to $X in 2022. In general, exports saw a noticeable expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 550% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for tow-behind air compressor exports from Indonesia, with a 81% share of total exports. Moreover, tow-behind air compressor exports to Singapore exceeded the volume sent to the second major destination, the Philippines (X units), more than tenfold. China (X units) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+53.6% per year) and China (+30.2% per year).

In value terms, Singapore ($X) remains the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Indonesia, comprising 81% of total exports. The second position in the ranking was taken by the Philippines ($X), with an 8% share of total exports. It was followed by China, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+205.1% per year) and China (+164.7% per year).

Export Prices by Country

In 2022, the average tow-behind air compressor export price amounted to $X per unit, growing by 3.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 15% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to the United Arab Emirates ($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 China (+103.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Indonesia

Tow-behind air compressor imports into Indonesia dropped to X units in 2022, which is down by -10.8% compared with the year before. In general, total imports indicated a pronounced expansion 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 +13.7% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 73% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, tow-behind air compressor imports soared to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Singapore (X units) were the main suppliers of tow-behind air compressor imports to Indonesia, together comprising 71% of total imports. Malaysia, Canada, the United States, Taiwan (Chinese), Germany, the UK and Belgium lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +71.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tow-behind air compressor suppliers to Indonesia were China ($X), Japan ($X) and Singapore ($X), with a combined 71% share of total imports. Malaysia, Canada, the United States, Taiwan (Chinese), Germany, the UK and Belgium lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, Canada, with a CAGR of +93.4%, recorded 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

In 2022, the average tow-behind air compressor import price amounted to $X per unit, surging by 86% against the previous year. In general, the import price, however, recorded a noticeable downturn. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and Japan ($X per unit), while the price for Belgium ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+12.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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