Portugal: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Portugal

After four years of growth, the Portuguese tow-behind air compressor market decreased by -32.6% to $X in 2022. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then fell significantly in the following year.

Tow-Behind Air Compressor Production in Portugal

In value terms, tow-behind air compressor production totaled $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 8.9%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tow-Behind Air Compressor Exports

Exports from Portugal

In 2022, overseas shipments of air compressors mounted on a wheeled chassis for towing increased by 8.9% to X units, rising for the second year in a row after four years of decline. In general, exports saw notable growth. The pace of growth appeared the most rapid in 2014 when exports increased by 152% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tow-behind air compressor exports amounted to $X in 2022. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 57%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X units), Spain (X units) and the UK (X units) were the main destinations of tow-behind air compressor exports from Portugal, with a combined 76% share of total exports. Germany, Cabo Verde, France, Morocco, Romania, Belgium and Mozambique lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +39.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) remains the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Portugal, comprising 52% of total exports. The second position in the ranking was held by Spain ($X), with an 8% share of total exports. It was followed by France, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola stood at -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-9.0% per year) and France (+24.9% per year).

Export Prices by Country

In 2022, the average tow-behind air compressor export price amounted to $X per unit, falling by -7.3% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 112%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Spain ($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 Finland (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Portugal

In 2022, after two years of growth, there was significant decline in overseas purchases of air compressors mounted on a wheeled chassis for towing, when their volume decreased by -48.2% to X units. In general, imports, however, enjoyed a moderate increase. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of X units, and then contracted notably in the following year.

In value terms, tow-behind air compressor imports expanded notably to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2017 with an increase of 40% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Italy (X units) and Spain (X units) were the main suppliers of tow-behind air compressor imports to Portugal, together comprising 87% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +36.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest tow-behind air compressor suppliers to Portugal were China ($X), Italy ($X) and Spain ($X), with a combined 37% share of total imports.

Among the main suppliers, China, with a CAGR of +39.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average tow-behind air compressor import price amounted to $X per unit, rising by 105% against the previous year. Over the period under review, the import price enjoyed a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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