U.S.: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in the U.S.

In 2022, the U.S. tow-behind air compressor market increased by 64% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a mild descent. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Tow-Behind Air Compressor Production in the U.S.

In value terms, tow-behind air compressor production soared to $X in 2022. In general, production, however, saw a noticeable downturn. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Tow-Behind Air Compressor Exports

Exports from the U.S.

In 2022, shipments abroad of air compressors mounted on a wheeled chassis for towing increased by 24% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 40%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tow-behind air compressor exports soared to $X in 2022. In general, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2018 when exports increased by 48% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for tow-behind air compressor exports from the United States, accounting for a 51% share of total exports. Moreover, tow-behind air compressor exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), sixfold. South Korea (X units) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-9.6% per year) and South Korea (-7.3% per year).

In value terms, Canada ($X) remains the key foreign market for air compressors mounted on a wheeled chassis for towing exports from the United States, comprising 55% of total exports. The second position in the ranking was taken by Mexico ($X), with a 7.4% share of total exports. It was followed by South Korea, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-10.2% per year) and South Korea (-7.3% per year).

Export Prices by Country

The average tow-behind air compressor export price stood at $X per unit in 2022, declining by -2.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and Canada ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Chile ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into the U.S.

In 2022, supplies from abroad of air compressors mounted on a wheeled chassis for towing was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 135% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, tow-behind air compressor imports surged to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest tow-behind air compressor supplier to the United States, accounting for a 48% share of total imports. Moreover, tow-behind air compressor imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. Belgium (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +45.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+61.4% per year) and Belgium (-24.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of air compressors mounted on a wheeled chassis for towing to the United States, comprising 37% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an 18% share of total imports. It was followed by Germany, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+52.3% per year) and Germany (-3.8% per year).

Import Prices by Country

In 2022, the average tow-behind air compressor import price amounted to $X per unit, growing by 42% against the previous year. In general, the import price recorded a resilient expansion. The growth pace was the most rapid in 2020 when the average import price increased by 48% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+23.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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