Asia-Pacific: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Asia-Pacific

The Asia-Pacific tow-behind air compressor market skyrocketed to $X in 2022, surging by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Tow-Behind Air Compressor Production in Asia-Pacific

In value terms, tow-behind air compressor production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Tow-Behind Air Compressor Exports

Exports in Asia-Pacific

In 2022, exports of air compressors mounted on a wheeled chassis for towing in Asia-Pacific soared to X units, growing by X% compared with the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, tow-behind air compressor exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, India (X units) was the key exporter of air compressors mounted on a wheeled chassis for towing, committing X% of total exports. China (X units) took the second position in the ranking, distantly followed by Singapore (X units). All these countries together held approx. X% share of total exports. The following exporters - Malaysia (X units) and the Philippines (X units) - each recorded a X% share of total exports.

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

In value terms, China ($X) remains the largest tow-behind air compressor supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with an X% share of total exports. It was followed by Singapore, with a X% share.

In China, tow-behind air compressor exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, waning by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 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 the Philippines ($X per unit), while India ($X per unit) was amongst the lowest.

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

Tow-Behind Air Compressor Imports

Imports in Asia-Pacific

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were imported in Asia-Pacific; with an increase of X% against the previous year's figure. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, tow-behind air compressor imports expanded slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2018 when imports increased by X%. 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, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Cambodia (X units), constituting a X% share of total imports. Malaysia (X units), Singapore (X units) and Australia (X units) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), Australia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. India (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported air compressors mounted on a wheeled chassis for towing in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

In India, tow-behind air compressor imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, falling by X% against the previous year. In general, the import price faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :