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

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

After two years of growth, the East European market for electric generating sets and rotary converters decreased by X% to $X in 2021. Over the period under review, consumption saw a pronounced reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Electric Generating Sets And Rotary Converters in Eastern Europe

In value terms, production of electric generating sets and rotary converters rose rapidly to $X in 2021 estimated in export price. In general, production saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports in Eastern Europe

Exports of electric generating sets and rotary converters skyrocketed to X units in 2021, jumping by X% compared with the year before. Over the period under review, exports, however, saw a mild downturn. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of electric generating sets and rotary converters soared to $X in 2021. Total exports indicated a modest increase from 2012 to 2021: its value 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. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic was the major exporting country with an export of around X units, which accounted for X% of total exports. Poland (X units) took the second position in the ranking, followed by Lithuania (X units) and Hungary (X units). All these countries together took near X% share of total exports. The following exporters - Romania (X units), Russia (X units) and Bulgaria (X units) - together made up X% of total exports.

From 2012 to 2021, average annual rates of growth with regard to electric generating set and rotary converter exports from the Czech Republic stood at X%. At the same time, Romania (X%), Lithuania (X%), Hungary (X%), Bulgaria (X%) and Russia (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2021. By contrast, Poland (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.), Lithuania (X p.p.), Hungary (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total exports, while Poland saw its share reduced by X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric generating set and rotary converter supplying countries in Eastern Europe were Lithuania ($X), Russia ($X) and Poland ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price recorded a noticeable expansion. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 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 Russia ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Electric Generating Sets And Rotary Converters

Imports in Eastern Europe

In 2021, purchases abroad of electric generating sets and rotary converters decreased by X% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, imports of electric generating sets and rotary converters shrank to $X in 2021. In general, imports recorded a slight reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Poland (X units) represented the largest importer of electric generating sets and rotary converters, committing X% of total imports. It was distantly followed by Ukraine (X units), Russia (X units), Romania (X units), Hungary (X units) and Lithuania (X units), together committing a X% share of total imports. The Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to electric generating set and rotary converter imports into Poland stood at X%. At the same time, Hungary (X%), Lithuania (X%), Romania (X%), Ukraine (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2021. By contrast, Russia (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Hungary (X p.p.) and Lithuania (X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Ukraine (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric generating set and rotary converter importing markets in Eastern Europe were Poland ($X), Russia ($X) and Ukraine ($X), together comprising X% of total imports. Lithuania, Romania, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, with an increase of X% against the previous year. Over the period under review, the import price, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a somewhat lower figure.

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 Russia ($X per unit), while Hungary ($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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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