Northern America: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Northern America

The North American electric rotary converter market skyrocketed to $X in 2021, growing by 33% against the previous year. In general, consumption, however, saw a strong expansion. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Electric Rotary Converter Production in Northern America

In value terms, electric rotary converter production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 101%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

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Electric Rotary Converter Exports

Exports in Northern America

In 2021, the amount of electric rotary converters exported in Northern America reduced notably to X units, declining by -16.6% on 2020 figures. Total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 115% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electric rotary converter exports skyrocketed to $X in 2021. In general, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 48%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Canada (X units), distantly followed by the United States (X units) represented the major exporters of electric rotary converters, together creating 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +6.6%).

In value terms, the United States ($X) remains the largest electric rotary converter supplier in Northern America, comprising 97% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.6% share of total exports.

In the United States, electric rotary converter exports contracted by an average annual rate of -3.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, growing by 46% against the previous year. In general, the export price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of 46%. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 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 the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.6%).

Electric Rotary Converter Imports

Imports in Northern America

Electric rotary converter imports contracted to X units in 2021, approximately equating the year before. Overall, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 208%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, electric rotary converter imports surged to $X in 2021. In general, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by 162% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

The United States dominates imports structure, recording X units, which was near 91% of total imports in 2021. It was distantly followed by Canada (X units), making up a 9.2% share of total imports.

The United States was also the fastest-growing in terms of the electric rotary converters imports, with a CAGR of +11.1% from 2012 to 2021. At the same time, Canada (+3.9%) displayed positive paces of growth. While the share of the United States (+6.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-6.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported electric rotary converters in Northern America, comprising 85% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +11.7%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, picking up by 65% against the previous year. In general, the import price, however, recorded a mild setback. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.6%).

Source: IndexBox Platform

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