MENA: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in MENA

The MENA's tow-behind air compressor market rose significantly to $X in 2022, with an increase of 5.6% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.4% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Tow-Behind Air Compressor Production in MENA

In value terms, tow-behind air compressor production rose sharply to $X in 2022 estimated in export price. Over the period under review, production saw a resilient expansion. The growth pace was the most rapid in 2013 when the production volume increased by 35% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Tow-Behind Air Compressor Exports

Exports in MENA

In 2022, after two 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 -27.2% to X units. In general, exports, however, showed a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. As a result, the exports attained the peak of X units, and then shrank significantly in the following year.

In value terms, tow-behind air compressor exports reduced to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 91%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey prevails in exports structure, reaching X units, which was approx. 88% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), committing a 6.5% share of total exports. Saudi Arabia (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the air compressors mounted on a wheeled chassis for towing exports, with a CAGR of +1.5% from 2012 to 2022. At the same time, the United Arab Emirates (+1.3%) displayed positive paces of growth. By contrast, Saudi Arabia (-2.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +3 percentage points, while 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 MENA were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising 75% of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +3.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, picking up by 27% against the previous year. In general, the export price, however, recorded a mild decline. The pace of growth was the most pronounced in 2015 an increase of 38%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Tow-Behind Air Compressor Imports

Imports in MENA

In 2022, supplies from abroad of air compressors mounted on a wheeled chassis for towing increased by 3.3% to X units, rising for the second year in a row after two years of decline. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 +28.4% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 33%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tow-behind air compressor imports rose significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) represented roughly 67% of total imports in 2022. Egypt (X units) held a 4.6% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (4.5%). Qatar (X units), Algeria (X units), Morocco (X units), Oman (X units), Libya (X units), Iraq (X units) and Bahrain (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 key importing countries, was attained by Oman (with a CAGR of +12.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported air compressors mounted on a wheeled chassis for towing in MENA, comprising 19% of total imports. The second position in the ranking was taken by Turkey ($X), with a 7.1% share of total imports. It was followed by Qatar, with a 7% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to -4.7%. In the other countries, the average annual rates were as follows: Turkey (-2.7% per year) and Qatar (-2.7% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, picking up by 1.8% against the previous year. Overall, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 22% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform