Thailand: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Thailand

In 2022, the Thai tow-behind air compressor market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption recorded a pronounced descent. Tow-behind air compressor consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tow-Behind Air Compressor Production in Thailand

In value terms, tow-behind air compressor production reached $X in 2022 estimated in export price. In general, production, however, showed a slight slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tow-Behind Air Compressor Exports

Exports from Thailand

In 2022, shipments 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, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then plummeted in the following year.

In value terms, tow-behind air compressor exports shrank notably to $X in 2022. In general, exports, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Myanmar (X units), Singapore (X units) and Hong Kong SAR (X units) were the main destinations of tow-behind air compressor exports from Thailand, together comprising X% of total exports.

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

In value terms, the largest markets for tow-behind air compressor exported from Thailand were Singapore ($X), Vietnam ($X) and Myanmar ($X), with a combined X% share of total exports. Malaysia, Poland, Hong Kong SAR, Lao People's Democratic Republic, South Korea, Brunei Darussalam, Tanzania, France and Sri Lanka lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Vietnam ($X per unit), while the average price for exports to Sri Lanka ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Thailand

After three years of growth, overseas purchases of air compressors mounted on a wheeled chassis for towing decreased by X% to X units in 2022. Overall, imports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2021, and then fell markedly in the following year.

In value terms, tow-behind air compressor imports fell markedly to $X in 2022. Over the period under review, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tow-behind air compressor to Thailand, with a X% share of total imports. Moreover, tow-behind air compressor imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of air compressors mounted on a wheeled chassis for towing to Thailand, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average tow-behind air compressor import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price 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, tow-behind air compressor import price decreased by X% against 2020 indices. The import price peaked at $X per unit in 2020; however, from 2021 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 Japan ($X per unit), while the price for China ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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