Middle East: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in the Middle East

The Middle Eastern tow-behind air compressor market rose notably to $X in 2022, with an increase of 5.6% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 -3.5% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Tow-Behind Air Compressor Production in the Middle East

In value terms, tow-behind air compressor production stood at $X in 2022 estimated in export price. Overall, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Tow-Behind Air Compressor Exports

Exports in the Middle East

In 2022, overseas shipments of air compressors mounted on a wheeled chassis for towing decreased by -27.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a slight increase. The pace of growth appeared the most rapid in 2021 with an increase of 59% against the previous year. As a result, the exports reached the peak of X units, and then declined markedly in the following year.

In value terms, tow-behind air compressor exports shrank to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 96%. 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 dominates exports structure, amounting to X units, which was approx. 89% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), constituting a 6.5% share of total exports. Saudi Arabia (X units) took a minor share of total exports.

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. Turkey (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of exports in 2022, with a combined 78% share of total exports.

The United Arab Emirates, with a CAGR of +3.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, jumping by 26% against the previous year. Overall, the export price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2015 an increase of 40% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 the Middle East

In 2022, supplies from abroad of air compressors mounted on a wheeled chassis for towing increased by 3.5% to X units, rising for the third year in a row after two years of decline. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +70.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, tow-behind air compressor imports rose sharply to $X in 2022. Over the period under review, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 23%. The level of import peaked 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) dominates imports structure, together committing 79% of total imports. Kuwait (X units) ranks next in terms of the total imports with a 5.3% share, followed by Qatar (4.6%). The following importers - Oman (X units), Iraq (X units) and Bahrain (X units) - together made up 6.5% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main 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 ($X) constitutes the largest market for imported air compressors mounted on a wheeled chassis for towing in the Middle East, comprising 23% of total imports. The second position in the ranking was held by Turkey ($X), with an 8.6% share of total imports. It was followed by Qatar, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms 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

The import price in the Middle East stood at $X per unit in 2022, growing by 2.4% against the previous year. Overall, the import price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 37%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Qatar ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (-5.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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