HS Code:
Air compressors, classified under HS Code 8414, include machinery and equipment used to compress air for various industrial, commercial, and domestic applications. This category encompasses reciprocating, rotary, and centrifugal compressors, which are critical in industries such as manufacturing, construction, automotive, and energy. These products are essential for powering pneumatic tools, HVAC systems, and industrial processes. Global trade in air compressors is driven by industrial growth, infrastructure development, and the increasing demand for energy-efficient and portable solutions.
Total Trade Volume
USD 14.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
22.1% of total trade of total trade
Increasing
USD 2.8 billion
19.3% of total trade of total trade
Stable
USD 2.1 billion
14.5% of total trade of total trade
Increasing
USD 1.5 billion
10.3% of total trade of total trade
Stable
USD 1.2 billion
8.3% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12.5% (imposed by certain developing countries on imports to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand for energy-efficient air compressors
Manufacturers are investing in R&D to develop variable speed drive (VSD) compressors, leading to increased market competition and innovation.
2021-2023
Growth in portable air compressor segment
Driven by construction and automotive sectors, especially in emerging economies, resulting in higher export volumes from key manufacturing hubs like China.
2020-2022
Adoption of IoT-enabled air compressors
Smart compressors with remote monitoring capabilities are gaining traction, particularly in developed markets, pushing companies to integrate digital solutions.
2022-2023
The European Union introduced new regulations under the Ecodesign Directive, mandating higher energy efficiency for air compressors sold in the region.
July 2023
Non-compliant manufacturers face market access barriers, while EU-based companies may see increased production costs but also a competitive edge.
Additional tariffs imposed by the US on Chinese air compressors have led to a shift in supply chains, with some manufacturers relocating production to Southeast Asia.
March 2023
Increased costs for US importers and potential market share gains for manufacturers in Vietnam and Thailand.
A leading German manufacturer unveiled a new line of oil-free air compressors with enhanced efficiency, targeting the food and beverage and pharmaceutical industries.
September 2023
Likely to boost Germany's export volumes in niche markets, while setting a new benchmark for competitors.