Greece: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Greece

The Greek electric rotary converter market soared to $X in 2021, with an increase of 106% against the previous year. In general, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electric Rotary Converter Production in Greece

In value terms, electric rotary converter production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Electric Rotary Converter Exports

Exports from Greece

In 2021, the amount of electric rotary converters exported from Greece declined rapidly to X units, which is down by -92.3% compared with the previous year's figure. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 11,104% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, electric rotary converter exports dropped markedly to $X in 2021. In general, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 2,056% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Cyprus (X units) was the main destination for electric rotary converter exports from Greece, with a 74% share of total exports. Moreover, electric rotary converter exports to Cyprus exceeded the volume sent to the second major destination, Comoros (X units), fivefold. The third position in this ranking was held by Bulgaria (X units), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus stood at +57.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Comoros (0.0% per year) and Bulgaria (-29.5% per year).

In value terms, the largest markets for electric rotary converter exported from Greece were Comoros ($X), Cyprus ($X) and Albania ($X), together comprising 96% of total exports.

In terms of the main countries of destination, Cyprus, with a CAGR of +46.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average electric rotary converter export price amounted to $X per unit, growing by 191% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 449%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Comoros ($X per unit), while the average price for exports to Bulgaria ($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 Ghana (+813.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rotary Converter Imports

Imports into Greece

In 2021, purchases abroad of electric rotary converters increased by 143% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a dramatic slump. The most prominent rate of growth was recorded in 2018 when imports increased by 2,651% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electric rotary converter imports surged to $X in 2021. Overall, imports, however, continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 1,447% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Norway (X units) were the main suppliers of electric rotary converter imports to Greece, with a combined 88% share of total imports. Poland and Bulgaria lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +18.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electric rotary converters to Greece, comprising 58% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Norway, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.9% per year) and Norway (0.0% per year).

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, with a decrease of -11.3% against the previous year. Over the period under review, the import price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 787% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Norway ($X per unit), while the price for Poland ($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 Netherlands (+72.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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