Russian Federation: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in the Russian Federation

For the third year in a row, the Russian tow-behind air compressor market recorded decline in sales value, which decreased by -8.8% to $X in 2022. In general, consumption showed a deep reduction. Tow-behind air compressor consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tow-Behind Air Compressor Production in the Russian Federation

In value terms, tow-behind air compressor production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by 72% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Tow-Behind Air Compressor Exports

Exports from the Russian Federation

In 2022, exports of air compressors mounted on a wheeled chassis for towing from Russia shrank dramatically to X units, dropping by -32.8% compared with the year before. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 530%. As a result, the exports attained the peak of X units, and then shrank notably in the following year.

In value terms, tow-behind air compressor exports contracted sharply to $X in 2022. Overall, exports showed a mild contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 335%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Germany (X units) were the main destinations of tow-behind air compressor exports from Russia, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +39.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) remains the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Russia, comprising 65% of total exports. The second position in the ranking was held by Belarus ($X), with a 26% share of total exports. It was followed by Germany, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+17.0% per year) and Germany (+34.4% per year).

Export Prices by Country

The average tow-behind air compressor export price stood at $X per unit in 2022, picking up by 12% against the previous year. Over the period under review, the export price, however, saw a deep setback. The growth pace was the most rapid in 2013 an increase of 89%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Belarus ($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 Myanmar (+73.9%), while the prices for the other major destinations experienced mixed trend patterns.

Tow-Behind Air Compressor Imports

Imports into the Russian Federation

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were imported into Russia; dropping by -42% on the previous year's figure. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 79%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, tow-behind air compressor imports declined to $X in 2022. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 163% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tow-behind air compressor to Russia, with a 68% share of total imports. Moreover, tow-behind air compressor imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), sixfold. The third position in this ranking was taken by Japan (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-11.5% per year) and Japan (-5.9% per year).

In value terms, China ($X) constituted the largest supplier of air compressors mounted on a wheeled chassis for towing to Russia, comprising 58% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by Belgium, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.6% per year) and Belgium (-12.7% per year).

Import Prices by Country

In 2022, the average tow-behind air compressor import price amounted to $X per unit, picking up by 56% against the previous year. In general, import price indicated a perceptible increase 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 import price increased by +78.5% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+106.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :