Czech Republic: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in the Czech Republic

In 2021, after five years of growth, there was significant decline in the Czech electric rotary converter market, when its value decreased by -96% to $X. Overall, consumption continues to indicate a dramatic setback. Electric rotary converter consumption peaked at $X in 2020, and then shrank rapidly in the following year.

Electric Rotary Converter Production in the Czech Republic

In value terms, electric rotary converter production dropped dramatically to $X in 2021 estimated in export price. In general, production recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by 87%. Electric rotary converter production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electric Rotary Converter Exports

Exports from the Czech Republic

In 2021, exports of electric rotary converters from the Czech Republic surged to X units, jumping by 116% on the year before. In general, exports, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 159% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, electric rotary converter exports soared to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 217% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for electric rotary converter exports from the Czech Republic, with a 93% share of total exports. Moreover, electric rotary converter exports to Germany exceeded the volume sent to the second major destination, Sweden (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+10.5% per year) and Russia (-51.6% per year).

In value terms, Germany ($X) remains the key foreign market for electric rotary converters exports from the Czech Republic, comprising 81% of total exports. The second position in the ranking was taken by Sweden ($X), with a 7.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+10.8% per year) and Russia (-29.2% per year).

Export Prices by Country

In 2021, the average electric rotary converter export price amounted to $X per unit, shrinking by -17.9% against the previous year. Over the period under review, the export price, however, showed a slight expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 2,076% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 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 Russia ($X per unit), while the average price for exports to Germany ($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 Slovenia (+2,131.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rotary Converter Imports

Imports into the Czech Republic

In 2021, the amount of electric rotary converters imported into the Czech Republic reduced notably to X units, shrinking by -42.5% on the year before. Overall, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when imports increased by 286%. 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 dropped significantly to $X in 2021. In general, imports recorded a abrupt setback. The growth pace was the most rapid in 2016 when imports increased by 254%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Denmark (X units) constituted the largest supplier of electric rotary converter to the Czech Republic, accounting for a 64% share of total imports. Moreover, electric rotary converter imports from Denmark exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. Slovenia (X units) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark amounted to +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.6% per year) and Slovenia (+725.0% per year).

In value terms, the largest electric rotary converter suppliers to the Czech Republic were Germany ($X), Denmark ($X) and France ($X), with a combined 71% share of total imports. These countries were followed by the United States, Slovenia, Poland, Hungary and Spain, which together accounted for a further 16%.

In terms of the main suppliers, Slovenia, with a CAGR of +257.5%, 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 average electric rotary converter import price stood at $X per unit in 2021, jumping by 40% against the previous year. In general, the import price, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2013 an increase of 94%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, 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 ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+171.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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