SADC: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in SADC

In 2022, the SADC tow-behind air compressor market increased by 0.7% to $X, rising for the sixth year in a row after four years of decline. Overall, consumption recorded a slight setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tow-Behind Air Compressor Production in SADC

In value terms, tow-behind air compressor production soared to $X in 2022 estimated in export price. In general, production, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 482% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Tow-Behind Air Compressor Exports

Exports in SADC

Tow-behind air compressor exports surged to X units in 2022, rising by 741% compared with 2021 figures. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tow-behind air compressor exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, recording X units, which was approx. 95% of total exports in 2022. Botswana (X units) took a little share of total exports.

South Africa was also the fastest-growing in terms of the air compressors mounted on a wheeled chassis for towing exports, with a CAGR of +27.1% from 2012 to 2022. At the same time, Botswana (+25.5%) displayed positive paces of growth. From 2012 to 2022, the share of South Africa increased by +20 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest tow-behind air compressor supplier in SADC, comprising 68% of total exports. The second position in the ranking was held by Botswana ($X), with a 7.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at -5.8%.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, which is down by -89.6% against the previous year. Over the period under review, the export price saw a dramatic decrease. The pace of growth was the most pronounced in 2015 when the export price increased by 25% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Botswana ($X per unit), while South Africa totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (-12.5%).

Tow-Behind Air Compressor Imports

Imports in SADC

In 2022, the amount of air compressors mounted on a wheeled chassis for towing imported in SADC declined sharply to X units, waning by -15.5% against the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 91%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, tow-behind air compressor imports expanded notably to $X in 2022. Overall, imports showed a noticeable decline. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

South Africa represented the key importer of air compressors mounted on a wheeled chassis for towing in SADC, with the volume of imports reaching X units, which was approx. 57% of total imports in 2022. Mozambique (X units) held the second position in the ranking, followed by Tanzania (X units). All these countries together took near 21% share of total imports. The following importers - Mauritius (X units), Namibia (X units), Botswana (X units), Zimbabwe (X units) and Zambia (X units) - together made up 17% of total imports.

Imports into South Africa increased at an average annual rate of +1.3% from 2012 to 2022. At the same time, Mauritius (+19.5%), Tanzania (+19.3%), Zambia (+15.1%), Botswana (+12.1%), Zimbabwe (+1.5%) and Namibia (+1.2%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in SADC, with a CAGR of +19.5% from 2012-2022. By contrast, Mozambique (-6.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tanzania, Mauritius, Botswana, South Africa and Zambia increased by +5.6, +3.7, +2.6, +2.5 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported air compressors mounted on a wheeled chassis for towing in SADC, comprising 41% of total imports. The second position in the ranking was taken by Tanzania ($X), with an 18% share of total imports. It was followed by Zimbabwe, with a 7.6% share.

In South Africa, tow-behind air compressor imports plunged by an average annual rate of -3.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+3.3% per year) and Zimbabwe (-3.1% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, increasing by 32% against the previous year. Overall, the import price, however, saw a pronounced reduction. The growth pace was the most rapid in 2015 when the import price increased by 289% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained 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 Zimbabwe ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform