Australia: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Australia

The Australian electric rotary converter market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, saw a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Electric Rotary Converter Production in Australia

In value terms, electric rotary converter production stood at $X in 2021 estimated in export price. Overall, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the production volume decreased by 99.9%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Electric Rotary Converter Exports

Exports from Australia

For the fourth consecutive year, Australia recorded growth in shipments abroad of electric rotary converters, which increased by 153% to X units in 2021. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2014 when exports increased by 771% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, electric rotary converter exports soared to $X in 2021. In general, exports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 652%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for electric rotary converter exports from Australia, accounting for a 97% share of total exports. It was followed by Hong Kong SAR (X units), with a 2.1% share of total exports. New Zealand (X units) ranked third in terms of total exports with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +93.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-68.0% per year) and New Zealand (-3.1% per year).

In value terms, the United States ($X) remains the key foreign market for electric rotary converters exports from Australia, comprising 94% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 1.9% share of total exports. It was followed by New Zealand, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-47.0% per year) and New Zealand (-23.1% per year).

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, which is down by -8% against the previous year. In general, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2017 an increase of 3,654% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was New Zealand ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+66.7%), while the prices for the other major destinations experienced a decline.

Electric Rotary Converter Imports

Imports into Australia

Electric rotary converter imports into Australia declined markedly to X units in 2021, shrinking by -87.4% on the previous year. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 748%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, electric rotary converter imports surged to $X in 2021. Overall, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 231% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of electric rotary converter to Australia, with a 72% share of total imports. Moreover, electric rotary converter imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), eightfold. The third position in this ranking was taken by the United States (X units), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.5% per year) and the United States (-28.7% per year).

In value terms, Germany ($X), the United States ($X) and the UK ($X) constituted the largest electric rotary converter suppliers to Australia, with a combined 92% share of total imports.

Germany, with a CAGR of +16.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, growing by 1,304% against the previous year. Over the period under review, the import price recorded a significant 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 2021, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+56.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :