Scandinavia: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Scandinavia

The Scandinavia electric rotary converter market contracted significantly to $X in 2021, waning by -27.2% against the previous year. In general, consumption showed a deep contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Electric Rotary Converter Production in Scandinavia

In value terms, electric rotary converter production dropped remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 861,503%. As a result, production attained the peak level of $X, and then declined significantly in the following year.

Electric Rotary Converter Exports

Exports in Scandinavia

In 2021, overseas shipments of electric rotary converters increased by 65% to X units, rising for the second year in a row after two years of decline. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 271%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, electric rotary converter exports soared to $X in 2021. Over the period under review, exports, however, showed a deep downturn. The growth pace was the most rapid in 2018 when exports increased by 182%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Denmark (X units) was the largest exporter of electric rotary converters, mixing up 73% of total exports. It was distantly followed by Sweden (X units), creating a 27% share of total exports.

Denmark was also the fastest-growing in terms of the electric rotary converters exports, with a CAGR of +11.0% from 2012 to 2021. At the same time, Sweden (+1.9%) displayed positive paces of growth. While the share of Denmark (+17 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-17.3 p.p.) displayed negative dynamics.

In value terms, the largest electric rotary converter supplying countries in Scandinavia were Denmark ($X) and Sweden ($X).

Sweden, with a CAGR of -10.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, with an increase of 22% against the previous year. In general, the export price, however, faced a sharp contraction. The growth pace was the most rapid in 2018 when the export price increased by 202%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per unit), while Denmark totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-12.2%).

Electric Rotary Converter Imports

Imports in Scandinavia

In 2021, electric rotary converter imports in Scandinavia skyrocketed to X units, with an increase of 37% against 2020. Overall, imports, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2019 with an increase of 41% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, electric rotary converter imports reduced slightly to $X in 2021. In general, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2014 when imports increased by 95%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Denmark was the main importer of electric rotary converters in Scandinavia, with the volume of imports accounting for X units, which was approx. 61% of total imports in 2021. Sweden (X units) took the second position in the ranking, distantly followed by Norway (X units). All these countries together took near 38% share of total imports.

Denmark was also the fastest-growing in terms of the electric rotary converters imports, with a CAGR of +3.9% from 2012 to 2021. Sweden (-7.5%) and Norway (-8.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark increased by +26 percentage points.

In value terms, Norway ($X), Denmark ($X) and Sweden ($X) constituted the countries with the highest levels of imports in 2021, with a combined 98% share of total imports.

Among the main importing countries, Norway, with a CAGR of -7.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, with a decrease of -27.3% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 91% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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