Asia: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Asia

After three years of growth, the Asian market for electric generating sets and rotary converters decreased by X% to $X in 2021. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then dropped dramatically in the following year.

Production of Electric Generating Sets And Rotary Converters in Asia

In value terms, production of electric generating sets and rotary converters contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Exports of Electric Generating Sets And Rotary Converters

Exports in Asia

In 2021, shipments abroad of electric generating sets and rotary converters increased by X% to X units, rising for the third consecutive year after four years of decline. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by X% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of electric generating sets and rotary converters amounted to $X in 2021. The total export value increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

China dominates converters structure, accounting for X units, which was near X% of total exports in 2021. Vietnam (X units), Malaysia (X units), Turkey (X units), Singapore (X units), Japan (X units), India (X units) and the United Arab Emirates (X units) held a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2021. At the same time, Vietnam (X%), Malaysia (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2021. By contrast, the United Arab Emirates (X%), India (X%), Singapore (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.), Vietnam (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates, India, Singapore and Japan saw its share reduced by X%, X%, X% and X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric generating set and rotary converter supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with an X% share of total exports. It was followed by Turkey, with a X% share.

In China, exports of electric generating sets and rotary converters expanded at an average annual rate of X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, which is down by X% against the previous year. In general, the export price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Imports of Electric Generating Sets And Rotary Converters

Imports in Asia

In 2021, overseas purchases of electric generating sets and rotary converters increased by X% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, showed a perceptible decline. Over the period under review, imports of reached the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of electric generating sets and rotary converters stood at $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports of attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of imports of electric generating sets and rotary converters in 2021 were Indonesia (X units), the United Arab Emirates (X units), Turkey (X units) and the Philippines (X units), together recording X% of total import. Vietnam (X units) took the next position in the ranking, followed by Iraq (X units). All these countries together held near X% share of total imports. Hong Kong SAR (X units), Pakistan (X units), Bangladesh (X units), Israel (X units), Thailand (X units), South Korea (X units) and Kazakhstan (X units) followed a long way behind the leaders.

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

In value terms, Turkey ($X), Pakistan ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

Pakistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 Asia amounted to $X per unit, reducing by X% against the previous year. Import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for electric generating sets and rotary converters decreased by X% against 2016 indices. The growth pace was the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2020, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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