Netherlands: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in the Netherlands

After two years of growth, the Dutch electric rotary converter market decreased by -4.7% to $X in 2021. In general, consumption, however, enjoyed a prominent expansion. As a result, consumption attained the peak level of $X, and then dropped slightly in the following year.

Electric Rotary Converter Production in the Netherlands

In value terms, electric rotary converter production rose to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 9.5%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

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Electric Rotary Converter Exports

Exports from the Netherlands

In 2021, shipments abroad of electric rotary converters increased by 51% to X units, rising for the fourth year in a row after five years of decline. In general, exports posted a measured increase. The most prominent rate of growth was recorded in 2018 when exports increased by 179%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, electric rotary converter exports rose significantly to $X in 2021. Overall, exports, however, recorded a mild descent. The growth pace was the most rapid in 2018 with an increase of 55%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X units), the UK (X units) and China (X units) were the main destinations of electric rotary converter exports from the Netherlands, with a combined 66% 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 China (with a CAGR of +125.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric rotary converter exported from the Netherlands were China ($X), Taiwan (Chinese) ($X) and the UK ($X), together accounting for 50% of total exports.

China, with a CAGR of +102.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electric rotary converter export price amounted to $X per unit, declining by -28% against the previous year. In general, the export price saw a perceptible downturn. The pace of growth was the most pronounced in 2014 an increase of 214% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to the United Arab Emirates ($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 Norway (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rotary Converter Imports

Imports into the Netherlands

After two years of growth, purchases abroad of electric rotary converters decreased by -17.4% to X units in 2021. In general, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 605%. 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 surged to $X in 2021. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 177%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X units) was the main supplier of electric rotary converter to the Netherlands, with a 94% share of total imports. It was followed by China (X units), with a 1.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +88.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.3% per year) and Germany (-38.2% per year).

In value terms, the United States ($X) constituted the largest supplier of electric rotary converters to the Netherlands, comprising 67% of total imports. The second position in the ranking was taken by China ($X), with a 0.7% share of total imports. It was followed by Germany, with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +73.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.0% per year) and Germany (-41.1% per year).

Import Prices by Country

The average electric rotary converter import price stood at $X per unit in 2021, rising by 67% against the previous year. Over the period under review, the import price enjoyed temperate growth. The growth pace was the most rapid in 2016 when the average import price increased by 116% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+40.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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