EU: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in the EU

In 2021, after three years of growth, there was significant decline in the EU electric rotary converter market, when its value decreased by -7.5% to $X. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Electric Rotary Converter Production in the EU

In value terms, electric rotary converter production shrank to $X in 2021 estimated in export price. Overall, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2018 with an increase of 3.4%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Electric Rotary Converter Exports

Exports in the EU

For the fourth consecutive year, the European Union recorded growth in overseas shipments of electric rotary converters, which increased by 8.8% to X units in 2021. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by 76%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric rotary converter exports declined notably to $X in 2021. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 37% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Germany (X units) represented the major exporter of electric rotary converters, generating 47% of total exports. The Netherlands (X units) ranks second in terms of the total exports with a 13% share, followed by the Czech Republic (8.4%), Spain (7.4%), Denmark (6.8%) and Italy (5.1%). France (X units) held a relatively small share of total exports.

Exports from Germany decreased at an average annual rate of -9.7% from 2012 to 2021. At the same time, France (+14.1%), Italy (+12.3%), Denmark (+11.0%) and the Netherlands (+2.1%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +14.1% from 2012-2021. By contrast, the Czech Republic (-1.4%) and Spain (-7.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Denmark, Italy, the Czech Republic and France increased by +7.2, +5.3, +4.1, +3.3 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest electric rotary converter supplier in the European Union, comprising 65% of total exports. The second position in the ranking was taken by Spain ($X), with a 6.5% share of total exports. It was followed by Denmark, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany totaled -8.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (-13.9% per year) and Denmark (-18.7% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, with a decrease of -31.3% against the previous year. In general, the export price recorded a perceptible reduction. The growth pace was the most rapid in 2015 an increase of 167% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Germany (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Electric Rotary Converter Imports

Imports in the EU

After three years of growth, supplies from abroad of electric rotary converters decreased by -32.6% to X units in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 119%. As a result, imports reached the peak of X units, and then shrank dramatically in the following year.

In value terms, electric rotary converter imports contracted slightly to $X in 2021. In general, imports saw a slight contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 27%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands prevails in imports structure, finishing at X units, which was approx. 80% of total imports in 2021. Denmark (X units), France (X units), Sweden (X units), Poland (X units), Spain (X units) and Hungary (X units) took a relatively small share of total imports.

Imports into the Netherlands increased at an average annual rate of +7.0% from 2012 to 2021. At the same time, Hungary (+47.5%) and Denmark (+3.9%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of +47.5% from 2012-2021. By contrast, Sweden (-7.5%), France (-12.7%), Poland (-13.9%) and Spain (-19.5%) illustrated a downward trend over the same period. The Netherlands (+35 p.p.) and Hungary (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Sweden, Poland, France and Spain saw its share reduced by -2.2%, -5.3%, -7% and -10.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported electric rotary converters in the European Union, comprising 44% of total imports. The second position in the ranking was held by Spain ($X), with a 7.1% share of total imports. It was followed by France, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +9.4%. The remaining importing countries recorded the following average annual rates of imports growth: Spain (+4.6% per year) and France (-4.6% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2021, with an increase of 44% against the previous year. Overall, the import price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2013 an increase of 71% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Spain ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+29.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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