Europe: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Europe

In 2021, after two years of growth, there was decline in the Europe market for electric generating sets and rotary converters, when its value decreased by X% to $X. Over the period under review, consumption recorded a perceptible contraction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Electric Generating Sets And Rotary Converters in Europe

In value terms, production of electric generating sets and rotary converters rose remarkably to $X in 2021 estimated in export price. Overall, production showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports in Europe

In 2021, shipments abroad of electric generating sets and rotary converters increased by X% to X units, rising for the fourth year in a row after five years of decline. In general, exports, however, continue to indicate a mild contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of electric generating sets and rotary converters shrank notably to $X in 2021. Overall, exports, however, showed a noticeable slump. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Spain represented the main exporter of electric generating sets and rotary converters in Europe, with the volume of exports accounting for X units, which was approx. X% of total exports in 2021. It was distantly followed by Germany (X units) and the Netherlands (X units), together creating a X% share of total exports. Italy (X units), Portugal (X units), the UK (X units), the Czech Republic (X units) and Belgium (X units) followed a long way behind the leaders.

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

In value terms, Germany ($X) remains the largest electric generating set and rotary converter supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

In Germany, exports of electric generating sets and rotary converters decreased by an average annual rate of X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (X% per year) and Italy (X% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, waning by X% against the previous year. Overall, the export price saw a pronounced curtailment. The growth pace was the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

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

Imports of Electric Generating Sets And Rotary Converters

Imports in Europe

In 2021, after four years of growth, there was significant decline in overseas purchases of electric generating sets and rotary converters, when their volume decreased by X% to X units. In general, imports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, imports of electric generating sets and rotary converters stood at $X in 2021. Over the period under review, imports, however, posted a temperate increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

The Netherlands (X units) and Spain (X units) were the key importers of electric generating sets and rotary converters in 2021, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by Poland (X units), mixing up a X% share of total imports. The UK (X units), France (X units), Germany (X units), Italy (X units), Ukraine (X units), Belgium (X units), Sweden (X units), Finland (X units), Greece (X units) and Russia (X units) followed a long way behind the leaders.

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

In value terms, the UK ($X) constitutes the largest market for imported electric generating sets and rotary converters in Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2021, the average annual growth rate of value in the UK totaled X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Sweden (X% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2021, picking up by X% against the previous year. Over the period under review, the import price posted a perceptible increase. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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