EU: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in the EU

In 2021, the EU market for electric generating sets and rotary converters decreased by X% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated a perceptible 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. Based on 2021 figures, consumption increased by X% against 2017 indices. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Production of Electric Generating Sets And Rotary Converters in the EU

In value terms, production of electric generating sets and rotary converters soared to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible slump. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

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Exports of Electric Generating Sets And Rotary Converters

Exports in the EU

In 2021, overseas shipments of electric generating sets and rotary converters increased by X% to X units, rising for the fourth year in a row after five years of decline. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of electric generating sets and rotary converters contracted markedly to $X in 2021. Over the period under review, exports, however, saw a perceptible slump. The growth pace was the most rapid in 2019 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Spain was the key exporter of electric generating sets and rotary converters in the European Union, with the volume of exports accounting for X units, which was approx. X% of total exports in 2021. Germany (X units) ranks second in terms of the total exports with a X% share, followed by the Netherlands (X%). Italy (X units), Portugal (X units), the Czech Republic (X units) and Belgium (X units) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest electric generating set and rotary converter supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (X% per year) and Italy (X% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price showed a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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 Germany ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports in the EU

In 2021, after four years of growth, there was significant decline in supplies from abroad of electric generating sets and rotary converters, when their volume decreased by X% to X units. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then shrank dramatically in the following year.

In value terms, imports of electric generating sets and rotary converters dropped remarkably to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2020, and then contracted markedly in the following year.

Imports by Country

The Netherlands (X units) and Spain (X units) represented roughly X% of total imports in 2021. It was distantly followed by Poland (X units), achieving an X% share of total imports. France (X units), Germany (X units), Italy (X units), Belgium (X units), Sweden (X units), Finland (X units), Greece (X units), Romania (X units) and Hungary (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric generating set and rotary converter importing markets in the European Union were Poland ($X), Sweden ($X) and France ($X), with a combined X% share of total imports.

In terms of the main importing countries, Poland, with a CAGR of X%, 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

In 2021, the import price in the European Union amounted to $X per unit, reducing by X% against the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

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 Greece ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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