Tunisia: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Tunisia

The Tunisian tow-behind air compressor market surged to $X in 2022, picking up by 148% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a prominent increase. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Tow-Behind Air Compressor Exports

Exports from Tunisia

After two years of growth, shipments abroad of air compressors mounted on a wheeled chassis for towing decreased by -51.5% to X units in 2022. Over the period under review, exports, however, enjoyed measured growth. The growth pace was the most rapid in 2017 with an increase of 140% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, tow-behind air compressor exports declined notably to $X in 2022. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 481% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Togo (X units), Benin (X units) and Cote d'Ivoire (X units) were the main destinations of tow-behind air compressor exports from Tunisia, with a combined 44% share of total exports. Moreover, tow-behind air compressor exports in Togo exceeded the figures recorded by the second-largest exporter, Benin, twofold.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +14.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X) remains the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Tunisia, comprising 43% of total exports. The second position in the ranking was taken by Benin ($X), with a 22% share of total exports. It was followed by Burkina Faso, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Togo totaled +38.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+22.4% per year) and Burkina Faso (+12.8% per year).

Export Prices by Country

The average tow-behind air compressor export price stood at $X per unit in 2022, surging by 23% against the previous year. Overall, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2020 an increase of 408%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Saudi Arabia ($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 Portugal (+52.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Tunisia

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were imported into Tunisia; increasing by 189% compared with 2021. Over the period under review, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tow-behind air compressor imports surged to $X in 2022. Overall, imports, however, showed a noticeable slump. The pace of growth was the most pronounced in 2016 when imports increased by 74%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest tow-behind air compressor supplier to Tunisia, with a 65% share of total imports. Moreover, tow-behind air compressor imports from Italy exceeded the figures recorded by the second-largest supplier, Australia (X units), threefold. France (X units) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+84.3% per year) and France (+16.3% per year).

In value terms, the largest tow-behind air compressor suppliers to Tunisia were the United States ($X), Italy ($X) and Australia ($X), together comprising 60% of total imports.

In terms of the main suppliers, Australia, with a CAGR of +77.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tow-behind air compressor import price stood at $X per unit in 2022, shrinking by -58.2% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 103% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform