South-Eastern Asia: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in South-Eastern Asia

The Southeast Asian electric rotary converter market reduced dramatically to $X in 2021, which is down by -21.7% against the previous year. In general, consumption showed a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electric Rotary Converter Production in South-Eastern Asia

In value terms, electric rotary converter production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Electric Rotary Converter Exports

Exports in South-Eastern Asia

Electric rotary converter exports contracted markedly to X units in 2021, with a decrease of -20.9% against the year before. In general, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 351%. As a result, the exports attained the peak of X units, and then shrank markedly in the following year.

In value terms, electric rotary converter exports dropped to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 194%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X units) and Malaysia (X units) dominates exports structure, together committing 94% of total exports. Singapore (X units) and Indonesia (X units) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +46.8%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Singapore ($X) were the countries with the highest levels of exports in 2021, with a combined 76% share of total exports.

Vietnam, with a CAGR of +24.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, rising by 11% against the previous year. Overall, the export price, however, faced a deep downturn. The pace of growth was the most pronounced in 2014 when the export price increased by 57% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-1.8%), while the other leaders experienced a decline in the export price figures.

Electric Rotary Converter Imports

Imports in South-Eastern Asia

In 2021, the amount of electric rotary converters imported in South-Eastern Asia fell markedly to X units, waning by -75% against the previous year. Over the period under review, imports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2014 when imports increased by 139% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric rotary converter imports dropped remarkably to $X in 2021. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 48% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Singapore (X units) and the Philippines (X units) were the largest importers of electric rotary converters in 2021, amounting to near 33% and 32% of total imports, respectively. Malaysia (X units) held a 9.9% share (based on physical terms) of total imports, which put it in second place, followed by Lao People's Democratic Republic (7.9%) and Indonesia (7.4%). Thailand (X units) and Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +54.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the Philippines ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 75% share of total imports. Malaysia, Indonesia, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 20%.

Cambodia, with a CAGR of +38.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, rising by 45% against the previous year. In general, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 200%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+26.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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