Single axle and foldable describe different features of a utility trailer. Single axle identifies the running-gear layout; foldable identifies a design that allows specified parts to change position, often for storage or access. A folding utility trailer can also have one axle, so the two descriptions are not mutually exclusive.
The useful comparison is between exact designs: a fixed deck, a deck that folds for storage, a folding tongue, or folding rails can solve different problems. Check what actually moves, how the trailer is secured for travel, and how much space it needs both in use and while being folded.