Indonesia: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Indonesia

In 2021, after three years of growth, there was significant decline in the Indonesian electric rotary converter market, when its value decreased by -99.8% to $X. In general, consumption continues to indicate a precipitous curtailment. Over the period under review, the market reached the maximum level at $X in 2020, and then plummeted in the following year.

Electric Rotary Converter Production in Indonesia

In value terms, electric rotary converter production expanded remarkably to $X in 2021 estimated in export price. Overall, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

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Electric Rotary Converter Exports

Exports from Indonesia

In 2021, shipments abroad of electric rotary converters increased by 3,627% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric rotary converter exports surged to $X in 2021. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,588% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Malaysia (X units), Taiwan (Chinese) (X units) and Qatar (X units) were the main destinations of electric rotary converter exports from Indonesia, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +47.2%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Taiwan (Chinese) ($X) and Malaysia ($X) constituted the largest markets for electric rotary converter exported from Indonesia worldwide, with a combined 80% share of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +184.3%, recorded the highest growth rate of 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

The average electric rotary converter export price stood at $X per unit in 2021, which is down by -60.8% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Qatar ($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 Saudi Arabia (+5.5%), while the prices for the other major destinations experienced a decline.

Electric Rotary Converter Imports

Imports into Indonesia

In 2021, purchases abroad of electric rotary converters decreased by -97.4% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports faced a significant decrease. The pace of growth was the most pronounced in 2019 when imports increased by 199%. Imports peaked at X units in 2020, and then reduced rapidly in the following year.

In value terms, electric rotary converter imports fell rapidly to $X in 2021. In general, imports faced a sharp decrease. The pace of growth appeared the most rapid in 2020 with an increase of 145% against the previous year. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of electric rotary converter to Indonesia, accounting for a 51% share of total imports. Moreover, electric rotary converter imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Austria (X units), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-27.9% per year) and Austria (+29.2% per year).

In value terms, the largest electric rotary converter suppliers to Indonesia were Austria ($X), Germany ($X) and China ($X), together comprising 56% of total imports.

Among the main suppliers, Austria, with a CAGR of +51.1%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, jumping by 93% against the previous year. Overall, the import price saw a moderate expansion. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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