United Kingdom: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in the UK

In 2022, the UK tow-behind air compressor market increased by 17% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tow-Behind Air Compressor Production in the UK

In value terms, tow-behind air compressor production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a significant expansion. The growth pace was the most rapid in 2013 when the production volume increased by 432%. Tow-behind air compressor production peaked at $X in 2020; afterwards, it flattened through to 2022.

Tow-Behind Air Compressor Exports

Exports from the UK

For the fourth consecutive year, the UK recorded growth in overseas shipments of air compressors mounted on a wheeled chassis for towing, which increased by 123% to X units in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tow-behind air compressor exports surged to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Ireland (X units), Germany (X units) and Belgium (X units) were the main destinations of tow-behind air compressor exports from the UK, together comprising 19% of total exports. The United States, Poland, Russia, the Netherlands, Canada, France, Israel, the United Arab Emirates, China and Spain lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +89.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tow-behind air compressor exported from the UK were Ireland ($X), Poland ($X) and Belgium ($X), with a combined 28% share of total exports. The Netherlands, Russia, the United States, China, Canada, Germany, the United Arab Emirates, Israel, Spain and France lagged somewhat behind, together accounting for a further 32%.

Spain, with a CAGR of +92.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tow-behind air compressor export price amounted to $X per unit, declining by -43.2% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 56% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the average price for exports to Germany ($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 Spain (+2.0%), while the prices for the other major destinations experienced a decline.

Tow-Behind Air Compressor Imports

Imports into the UK

After two years of growth, supplies from abroad of air compressors mounted on a wheeled chassis for towing decreased by -32.6% to X units in 2022. In general, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 60%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tow-behind air compressor imports skyrocketed to $X in 2022. Overall, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2018 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 66% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tow-behind air compressor to the UK, with a 46% share of total imports. Moreover, tow-behind air compressor imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by India (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.0% per year) and India (+16.4% per year).

In value terms, the largest tow-behind air compressor suppliers to the UK were Belgium ($X), the Czech Republic ($X) and Germany ($X), together accounting for 59% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +13.7%, saw the highest growth rate of 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, growing by 79% against the previous year. Over the period under review, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 137%. The import price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+56.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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