MERCOSUR: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Exports

Exports in MERCOSUR

In 2022, shipments abroad of air compressors mounted on a wheeled chassis for towing was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 117% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tow-behind air compressor exports surged to $X in 2022. Over the period under review, exports, however, showed a pronounced decrease. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X units) and Brazil (X units) dominates exports structure, together constituting 79% of total exports. It was distantly followed by Paraguay (X units) and Argentina (X units), together constituting an 11% share of total exports. Peru (X units) and Venezuela (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Paraguay (with a CAGR of +21.5%), while the other leaders experienced a decline in the exports figures.

In value terms, Brazil ($X) remains the largest tow-behind air compressor supplier in MERCOSUR, comprising 63% of total exports. The second position in the ranking was held by Chile ($X), with a 24% share of total exports. It was followed by Argentina, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at -3.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-7.5% per year) and Argentina (-5.0% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, increasing by 39% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% 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 decreased by +0.7% against 2018 indices. The pace of growth was the most pronounced in 2018 when the export price increased by 84%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+7.7%), while the other leaders experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports in MERCOSUR

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were imported in MERCOSUR; dropping by -22.3% against 2021. In general, imports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 97%. As a result, imports reached the peak of X units, and then dropped rapidly in the following year.

In value terms, tow-behind air compressor imports fell to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 54%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Chile represented the key importing country with an import of about X units, which recorded 56% of total imports. Peru (X units) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Guyana (11%). Brazil (X units), Uruguay (X units) and Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tow-behind air compressor imports into Chile stood at +3.9%. At the same time, Peru (+29.8%), Guyana (+21.7%) and Ecuador (+12.0%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +29.8% from 2012-2022. By contrast, Uruguay (-4.4%) and Brazil (-14.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Peru and Guyana increased by +21 and +9.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Peru ($X) and Brazil ($X) were the countries with the highest levels of imports in 2022, together comprising 63% of total imports. Ecuador, Guyana and Uruguay lagged somewhat behind, together comprising a further 9.3%.

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

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, with an increase of 15% against the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ecuador ($X per unit), while Guyana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform