Belgium: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Belgium

In 2021, the Belgian electric rotary converter market increased by 26% to $X, rising for the third year in a row after two years of decline. Overall, consumption recorded a significant increase. 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 Belgium

In value terms, electric rotary converter production reduced remarkably to $X in 2021 estimated in export price. In general, production recorded a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 155%. Electric rotary converter production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

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Electric Rotary Converter Exports

Exports from Belgium

In 2021, electric rotary converter exports from Belgium shrank notably to X units, with a decrease of -39.2% on 2020 figures. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 356%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric rotary converter exports contracted notably to $X in 2021. Overall, exports continue to indicate a precipitous slump. The growth pace was the most rapid in 2017 when exports increased by 217% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for electric rotary converter exports from Belgium, accounting for a 94% share of total exports. Moreover, electric rotary converter exports to the United States exceeded the volume sent to the second major destination, Poland (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +79.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+13.9% per year) and Germany (-5.7% per year).

In value terms, the United States ($X) remains the key foreign market for electric rotary converters exports from Belgium, comprising 81% of total exports. The second position in the ranking was taken by Poland ($X), with a 4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +62.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+1.1% per year) and Germany (-6.1% per year).

Export Prices by Country

In 2021, the average electric rotary converter export price amounted to $X per unit, surging by 36% against the previous year. In general, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 90%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($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 Benin (+151.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rotary Converter Imports

Imports into Belgium

Electric rotary converter imports into Belgium soared to X units in 2021, with an increase of 174% against the previous year's figure. Over the period under review, imports recorded measured growth. The pace of growth was the most pronounced in 2016 when imports increased by 213%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, electric rotary converter imports soared to $X in 2021. In general, imports, however, saw a sharp downturn. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X units) constituted the largest electric rotary converter supplier to Belgium, with a 52% share of total imports. Moreover, electric rotary converter imports from India exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was held by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +457.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.6% per year) and Germany (+24.8% per year).

In value terms, India ($X) constituted the largest supplier of electric rotary converters to Belgium, comprising 42% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.6% per year) and France (-31.7% per year).

Import Prices by Country

The average electric rotary converter import price stood at $X per unit in 2021, dropping by -1.5% against the previous year. Over the period under review, the import price recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 46%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for France ($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 (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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