Italy: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Italy

The Italian tow-behind air compressor market skyrocketed to $X in 2022, with an increase of 176% against the previous year. In general, consumption enjoyed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Tow-Behind Air Compressor Production in Italy

In value terms, tow-behind air compressor production soared to $X in 2022 estimated in export price. Overall, the total production indicated a slight 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, production increased by +31.1% against 2019 indices. 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 Italy

In 2022, overseas shipments of air compressors mounted on a wheeled chassis for towing decreased by -29.5% to X units, falling for the second consecutive year after two years of growth. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 64%. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, tow-behind air compressor exports dropped to $X in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 36% 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 somewhat lower figure.

Exports by Country

Germany (X units), France (X units) and Poland (X units) were the main destinations of tow-behind air compressor exports from Italy, with a combined 27% share of total exports. The Netherlands, Spain, Belgium, Sweden, the United States, Saudi Arabia, the UK, Romania, Portugal and Switzerland lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +20.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Italy, comprising 24% of total exports. The second position in the ranking was held by Germany ($X), with a 7.4% share of total exports. It was followed by France, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.1% per year) and France (+12.0% per year).

Export Prices by Country

The average tow-behind air compressor export price stood at $X per unit in 2022, picking up by 29% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tow-behind air compressor export price increased by +72.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 34%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Portugal ($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 Saudi Arabia (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Italy

In 2022, tow-behind air compressor imports into Italy shrank remarkably to X units, which is down by -27.8% on the year before. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +6.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, tow-behind air compressor imports dropped to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +29.0% against 2019 indices. The growth pace was the most rapid in 2016 when imports increased by 50% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest tow-behind air compressor supplier to Italy, with a 51% share of total imports. Moreover, tow-behind air compressor imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Belgium (X units), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.4% per year) and Belgium (-0.0% per year).

In value terms, the largest tow-behind air compressor suppliers to Italy were Belgium ($X), China ($X) and the Czech Republic ($X), with a combined 80% share of total imports. Germany, France, Poland and India lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, India, with a CAGR of +33.1%, 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

The average tow-behind air compressor import price stood at $X per unit in 2022, surging by 18% against the previous year. Overall, the import price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2020 an increase of 31% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 the Czech Republic ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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