Eastern Europe: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Eastern Europe

In 2021, after three years of growth, there was significant decline in the East European electric rotary converter market, when its value decreased by -19.1% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020, and then declined remarkably in the following year.

Electric Rotary Converter Production in Eastern Europe

In value terms, electric rotary converter production totaled $X in 2021 estimated in export price. In general, production, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2015 with an increase of 15%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electric Rotary Converter Exports

Exports in Eastern Europe

In 2021, exports of electric rotary converters in Eastern Europe surged to X units, increasing by 57% against the year before. In general, exports, however, recorded a abrupt slump. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric rotary converter exports surged to $X in 2021. Overall, exports, however, saw a deep contraction. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic prevails in exports structure, resulting at X units, which was near 81% of total exports in 2021. It was distantly followed by Poland (X units), creating an 8.4% share of total exports. Russia (X units), Estonia (X units) and Hungary (X units) held a little share of total exports.

Exports from the Czech Republic decreased at an average annual rate of -1.4% from 2012 to 2021. At the same time, Hungary (+21.9%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +21.9% from 2012-2021. Estonia experienced a relatively flat trend pattern. By contrast, Russia (-7.6%) and Poland (-28.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Czech Republic and Hungary increased by +50 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest electric rotary converter supplier in Eastern Europe, comprising 47% of total exports. The second position in the ranking was held by Poland ($X), with a 20% share of total exports. It was followed by the Czech Republic, with a 12% share.

In Russia, electric rotary converter exports plunged by an average annual rate of -3.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (-8.5% per year) and the Czech Republic (-0.4% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, with a decrease of -11.7% against the previous year. Overall, the export price showed a slight decrease. The pace of growth appeared the most rapid in 2013 when the export price increased by 114% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, 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 Russia ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+27.2%), while the other leaders experienced more modest paces of growth.

Electric Rotary Converter Imports

Imports in Eastern Europe

In 2021, after three years of growth, there was significant decline in purchases abroad of electric rotary converters, when their volume decreased by -83.5% to X units. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2018 with an increase of 50% against the previous year. Over the period under review, imports reached the maximum at X units in 2020, and then declined notably in the following year.

In value terms, electric rotary converter imports declined rapidly to $X in 2021. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2020 when imports increased by 79%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X units) and Hungary (X units) represented roughly 55% of total imports in 2021. Latvia (X units) ranks next in terms of the total imports with an 11% share, followed by Romania (9.9%), the Czech Republic (8.3%) and Belarus (6.6%). Russia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +47.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest electric rotary converter importing markets in Eastern Europe were Latvia ($X), Poland ($X) and Belarus ($X), with a combined 66% share of total imports.

In terms of the main importing countries, Latvia, with a CAGR of +45.1%, 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

The import price in Eastern Europe stood at $X per unit in 2021, growing by 171% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Belarus ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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