Asia-Pacific: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Asia-Pacific

In 2021, after three years of growth, there was significant decline in the Asia-Pacific market for electric generating sets and rotary converters, when its value decreased by X% to $X. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then dropped rapidly in the following year.

Production of Electric Generating Sets And Rotary Converters in Asia-Pacific

In value terms, production of electric generating sets and rotary converters declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2020, and then reduced slightly in the following year.

Exports of Electric Generating Sets And Rotary Converters

Exports in Asia-Pacific

In 2021, overseas shipments of electric generating sets and rotary converters increased by X% to X units, rising for the third year in a row after four years of decline. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by X% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of electric generating sets and rotary converters amounted to $X in 2021. The total export value increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

China dominates converters structure, resulting at X units, which was near X% of total exports in 2021. Vietnam (X units), Malaysia (X units), Singapore (X units), Japan (X units) and India (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electric generating set and rotary converter exports from China stood at X%. At the same time, Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2021. By contrast, India (X%), Singapore (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Vietnam (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (X p.p.), Singapore (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest electric generating set and rotary converter supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by India, with a X% share.

In China, exports of electric generating sets and rotary converters increased at an average annual rate of X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and India (X% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, waning by X% against the previous year. In general, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Electric Generating Sets And Rotary Converters

Imports in Asia-Pacific

In 2021, overseas purchases of electric generating sets and rotary converters increased by X% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of electric generating sets and rotary converters skyrocketed to $X in 2021. The total import value increased at an average annual rate of X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X units) and the Philippines (X units) represented the key importers of electric generating sets and rotary converters in Asia-Pacific, together amounting to near X% of total imports. Vietnam (X units) took the next position in the ranking, followed by Australia (X units) and Hong Kong SAR (X units). All these countries together held approx. X% share of total imports. Pakistan (X units), Bangladesh (X units), Thailand (X units), South Korea (X units), Afghanistan (X units), Malaysia (X units), Sri Lanka (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Australia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

In terms of the main importing countries, Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, approximately reflecting the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per unit), while Afghanistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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