Southern Asia: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Southern Asia

The South Asian tow-behind air compressor market shrank notably to $X in 2022, waning by -24.9% against the previous year. Overall, consumption saw a noticeable decrease. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Tow-Behind Air Compressor Production in Southern Asia

In value terms, tow-behind air compressor production dropped markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 221% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Tow-Behind Air Compressor Exports

Exports in Southern Asia

After two years of decline, shipments abroad of air compressors mounted on a wheeled chassis for towing increased by 15% to X units in 2022. In general, exports recorded moderate growth. The most prominent rate of growth was recorded in 2019 when exports increased by 246% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tow-behind air compressor exports soared to $X in 2022. Over the period under review, exports, however, recorded a noticeable shrinkage. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units) represented roughly 100% of total exports in 2022.

India was also the fastest-growing in terms of the air compressors mounted on a wheeled chassis for towing exports, with a CAGR of +4.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest tow-behind air compressor supplier in Southern Asia.

In India, tow-behind air compressor exports declined by an average annual rate of -2.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, surging by 20% against the previous year. In general, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 49% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -6.7% per year.

Tow-Behind Air Compressor Imports

Imports in Southern Asia

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were imported in Southern Asia; rising by 4.3% compared with the year before. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 81% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, tow-behind air compressor imports dropped to $X in 2022. Overall, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 35%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India prevails in imports structure, finishing at X units, which was near 94% of total imports in 2022. The following importers - Nepal (X units), Sri Lanka (X units) and Pakistan (X units) - each recorded a 5.9% share of total imports.

Imports into India increased at an average annual rate of +8.1% from 2012 to 2022. At the same time, Nepal (+11.7%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +11.7% from 2012-2022. By contrast, Sri Lanka (-3.5%) and Pakistan (-3.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +6.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported air compressors mounted on a wheeled chassis for towing in Southern Asia, comprising 91% of total imports. The second position in the ranking was taken by Nepal ($X), with a 2.8% share of total imports. It was followed by Pakistan, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled -6.9%. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (+10.1% per year) and Pakistan (-3.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, with a decrease of -16.7% against the previous year. In general, the import price faced a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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