Austria: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Austria

The Austrian electric rotary converter market surged to $X in 2021, rising by 88% against the previous year. Over the period under review, consumption recorded strong growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Electric Rotary Converter Production in Austria

In value terms, electric rotary converter production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 40% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

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Electric Rotary Converter Exports

Exports from Austria

Electric rotary converter exports from Austria dropped remarkably to X units in 2021, waning by -29.2% against the previous year's figure. Overall, exports showed a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 162% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electric rotary converter exports contracted rapidly to $X in 2021. Over the period under review, exports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2019 with an increase of 130%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for electric rotary converter exports from Austria, accounting for a 45% share of total exports. Moreover, electric rotary converter exports to Norway exceeded the volume sent to the second major destination, the UK (X units), twofold. Indonesia (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+75.1% per year) and Indonesia (+93.0% per year).

In value terms, the UK ($X) remains the key foreign market for electric rotary converters exports from Austria, comprising 58% of total exports. The second position in the ranking was taken by Norway ($X), with a 15% share of total exports. It was followed by Indonesia, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +140.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+5.9% per year) and Indonesia (+87.6% per year).

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, with an increase of 9.1% against the previous year. In general, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 172% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Norway ($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 Saudi Arabia (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rotary Converter Imports

Imports into Austria

In 2021, the amount of electric rotary converters imported into Austria was estimated at X units, almost unchanged from 2020. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 44%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electric rotary converter imports declined modestly to $X in 2021. In general, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 105% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of electric rotary converter to Austria, with a 80% share of total imports. Moreover, electric rotary converter imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.0% per year) and the Netherlands (+9.0% per year).

In value terms, Germany ($X) constituted the largest supplier of electric rotary converters to Austria, comprising 96% of total imports. The second position in the ranking was held by China ($X), with a 0.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.4% per year) and the Netherlands (+47.9% per year).

Import Prices by Country

The average electric rotary converter import price stood at $X per unit in 2021, dropping by -2.4% against the previous year. In general, the import price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2017 an increase of 43% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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