India: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in India

The Indian electric rotary converter market surged to $X in 2021, increasing by 520% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw notable growth. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Electric Rotary Converter Exports

Exports from India

In 2021, after two years of decline, there was significant growth in shipments abroad of electric rotary converters, when their volume increased by 23% to X units. Over the period under review, exports, however, continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2014 with an increase of 798% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, electric rotary converter exports surged to $X in 2021. Overall, exports enjoyed tangible growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,354% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for electric rotary converter exports from India, with a 62% share of total exports. Moreover, electric rotary converter exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-32.3% per year) and Belgium (0.0% per year).

In value terms, the United States ($X), Belgium ($X) and the United Arab Emirates ($X) constituted the largest markets for electric rotary converter exported from India worldwide, with a combined 93% share of total exports.

Belgium, with a CAGR of +72.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, falling by -1.9% against the previous year. In general, the export price, however, posted significant growth. The most prominent rate of growth was recorded in 2013 an increase of 3,720% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while the average price for exports to the United Arab Emirates ($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 (+106.1%), while the prices for the other major destinations experienced more modest paces of growth.

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Electric Rotary Converter Imports

Imports into India

In 2021, approx. X units of electric rotary converters were imported into India; with an increase of 520% on 2020. Overall, imports saw a remarkable increase. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, electric rotary converter imports shrank significantly to $X in 2021. Over the period under review, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 116%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Malta (X units) and Germany (X units) were the main suppliers of electric rotary converter imports to India, together comprising 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Malta (with a CAGR of +70.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electric rotary converters to India, comprising 53% of total imports. The second position in the ranking was held by the UK ($X), with an 18% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+88.2% per year) and China (-14.2% per year).

Import Prices by Country

The average electric rotary converter import price stood at $X per unit in 2021, falling by -90.7% against the previous year. Overall, the import price faced a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of 630% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then fell dramatically in the following year.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Malta ($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 UK (+10.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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