Latin America and the Caribbean: Tow-Behind Air Compressor Market 2025

Tow-Behind Air Compressor Market Size in Latin America and the Caribbean

The Latin American tow-behind air compressor market fell dramatically to $X in 2022, with a decrease of -41.5% against the previous year. Overall, consumption, however, enjoyed pronounced growth. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Tow-Behind Air Compressor Production in Latin America and the Caribbean

In value terms, tow-behind air compressor production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Tow-Behind Air Compressor Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of air compressors mounted on a wheeled chassis for towing increased by 40% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 64% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, tow-behind air compressor exports soared to $X in 2022. Overall, exports, however, recorded a abrupt setback. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the Dominican Republic (X units), Chile (X units) and Brazil (X units), together resulting at 64% of total export. It was distantly followed by Guatemala (X units), mixing up a 5.1% share of total exports. Panama (X units), Paraguay (X units), Jamaica (X units), Argentina (X units), Mexico (X units) and Costa Rica (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Dominican Republic (with a CAGR of +23.5%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest tow-behind air compressor supplier in Latin America and the Caribbean, comprising 46% of total exports. The second position in the ranking was held by Chile ($X), with a 17% share of total exports. It was followed by Guatemala, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to -3.1%. In the other countries, the average annual rates were as follows: Chile (-7.5% per year) and Guatemala (+5.7% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, standing approx. at the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +10.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 145% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 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 Brazil ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (+23.7%), while the other leaders experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports in Latin America and the Caribbean

In 2022, tow-behind air compressor imports in Latin America and the Caribbean reduced rapidly to X units, which is down by -17.5% against the year before. Total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.0% 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 +43.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 74% against the previous year. As a result, imports reached the peak of X units, and then dropped notably in the following year.

In value terms, tow-behind air compressor imports rose modestly to $X in 2022. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile was the main importing country with an import of about X units, which amounted to 41% of total imports. Peru (X units) held the second position in the ranking, distantly followed by Guyana (X units), the Dominican Republic (X units), Mexico (X units) and Bolivia (X units). All these countries together held approx. 42% share of total imports. Trinidad and Tobago (X units) held a relatively small share of total imports.

Imports into Chile increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Peru (+29.8%), the Dominican Republic (+26.7%), Trinidad and Tobago (+22.3%) and Guyana (+21.7%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +29.8% from 2012-2022. By contrast, Bolivia (-10.0%) and Mexico (-11.6%) illustrated a downward trend over the same period. Peru (+16 p.p.), Chile (+10 p.p.), Guyana (+7.1 p.p.), the Dominican Republic (+5.4 p.p.) and Trinidad and Tobago (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Bolivia and Mexico saw its share reduced by -10.2% and -15.1% from 2012 to 2022, respectively.

In value terms, the largest tow-behind air compressor importing markets in Latin America and the Caribbean were Chile ($X), Peru ($X) and Mexico ($X), together comprising 45% of total imports. Bolivia, the Dominican Republic, Trinidad and Tobago and Guyana lagged somewhat behind, together comprising a further 14%.

Guyana, with a CAGR of +10.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by 25% against the previous year. Overall, the import price, however, recorded a abrupt downturn. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Guyana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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