Portugal: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Portugal

In 2022, after four years of growth, there was significant decline in the Portuguese tow-behind air compressor market, when its value decreased by X% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then shrank dramatically in the following year.

Tow-Behind Air Compressor Production in Portugal

In value terms, tow-behind air compressor production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Tow-behind air compressor production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tow-Behind Air Compressor Exports

Exports from Portugal

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were exported from Portugal; therefore, remained relatively stable against the previous year. In general, exports, however, posted a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, tow-behind air compressor exports totaled $X in 2022. Overall, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X units), Spain (X units) and the UK (X units) were the main destinations of tow-behind air compressor exports from Portugal, with a combined X% share of total exports. Germany, Cabo Verde, France, Morocco, Romania, Belgium and Mozambique lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) remains the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Angola stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and France (X% per year).

Export Prices by Country

The average tow-behind air compressor export price stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Spain ($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 Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Portugal

In 2022, purchases abroad of air compressors mounted on a wheeled chassis for towing decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then fell markedly in the following year.

In value terms, tow-behind air compressor imports expanded rapidly to $X in 2022. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and Spain (X units) were the main suppliers of tow-behind air compressor imports to Portugal, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Italy ($X) and Spain ($X) were the largest tow-behind air compressor suppliers to Portugal, together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average tow-behind air compressor import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price saw a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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