ASEAN: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in ASEAN

The ASEAN electric rotary converter market dropped rapidly to $X in 2021, declining by -21.7% against the previous year. In general, consumption saw a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electric Rotary Converter Production in ASEAN

In value terms, electric rotary converter production contracted to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, production reached the peak level of $X, and then fell in the following year.

Electric Rotary Converter Exports

Exports in ASEAN

In 2021, approx. X units of electric rotary converters were exported in ASEAN; shrinking by -20.9% on the previous year. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 351%. As a result, the exports reached the peak of X units, and then dropped markedly in the following year.

In value terms, electric rotary converter exports dropped to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 195% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +46.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2021, together comprising 76% of total exports.

Vietnam, with a CAGR of +24.0%, saw the highest growth rate of the value of exports, among 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 ASEAN amounted to $X per unit, growing by 11% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2014 when the export price increased by 57%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

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 ASEAN

For the third consecutive year, ASEAN recorded decline in purchases abroad of electric rotary converters, which decreased by -75% to X units in 2021. Over the period under review, imports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2014 when imports increased by 143% 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 contracted rapidly to $X in 2021. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 48%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X units) and the Philippines (X units) represented roughly 65% of total imports in 2021. Malaysia (X units) ranks next in terms of the total imports with a 9.9% share, followed by Lao People's Democratic Republic (7.9%) and Indonesia (7.4%). Thailand (X units) and Cambodia (X units) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of +54.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the Philippines ($X) and Singapore ($X) constituted 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 accounting for a further 20%.

Among the main importing countries, Cambodia, with a CAGR of +38.9%, saw the highest growth rate of the value of imports, 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 ASEAN amounted to $X per unit, growing by 45% against the previous year. In general, the import price saw a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of 203%. Over the period under review, import prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

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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