Eastern Asia: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Eastern Asia

After three years of growth, the East Asian market for electric generating sets and rotary converters decreased by X% to $X in 2021. In general, consumption continues to indicate a perceptible slump. Over the period under review, the market attained the peak level at $X in 2020, and then declined sharply in the following year.

Production of Electric Generating Sets And Rotary Converters in Eastern Asia

In value terms, production of electric generating sets and rotary converters reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2020, and then fell in the following year.

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Exports of Electric Generating Sets And Rotary Converters

Exports in Eastern Asia

In 2021, shipments abroad 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 a remarkable increase 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of electric generating sets and rotary converters rose markedly 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 indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 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 failed to regain momentum.

Exports by Country

China dominates converters structure, finishing at X units, which was near X% of total exports in 2021. Japan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the electric generating sets and rotary converters exports, with a CAGR of X% from 2012 to 2021. Japan (X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by X percentage points.

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

From 2012 to 2021, the average annual growth rate of value in China totaled X%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2016 an increase of X%. 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 China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (X%).

Imports of Electric Generating Sets And Rotary Converters

Imports in Eastern Asia

In 2021, supplies from abroad of electric generating sets and rotary converters was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Total imports indicated a mild expansion 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, imports decreased by X% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports of reached the maximum at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of electric generating sets and rotary converters contracted to $X in 2021. Over the period under review, imports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X units) and South Korea (X units) represented roughly X% of total imports in 2021. It was distantly followed by China (X units), Japan (X units) and Taiwan (Chinese) (X units), together mixing up a X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) constituted 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, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, falling by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020, and then dropped dramatically in the following year.

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 Japan ($X per unit), while Hong Kong SAR ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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