Asia: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Asia

In 2020, after two years of growth, there was decline in the Asian market for electric generating sets and rotary converters, when its value decreased by -X% to $X. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2009 to 2020, the growth of the market failed to regain the momentum.

Production of Electric Generating Sets And Rotary Converters in Asia

In value terms, production of electric generating sets and rotary converters rose notably to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2020 and is expected to retain growth in years to come.

Production By Country in Asia

The country with the largest volume of production of electric generating sets and rotary converters was China (X units), accounting for X% of total volume. Moreover, production of electric generating sets and rotary converters in China exceeded the figures recorded by the second-largest producer, India (X units), fourfold. Japan (X units) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China was relatively modest. In the other countries, the average annual rates were as follows: India (+X% per year) and Japan (-X% per year).

Exports of Electric Generating Sets And Rotary Converters

Exports in Asia

In 2020, approx. X units of electric generating sets and rotary converters were exported in Asia; approximately equating the previous year's figure. Total exports indicated a modest expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of electric generating sets and rotary converters rose notably to $X in 2020. Total exports indicated a pronounced expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are likely to continue growth in the near future.

Exports by Country

China dominates exports of electric generating sets and rotary converters structure, accounting for X units, which was near X% of total exports in 2020. India (X units) occupied the second position in the ranking, followed by Vietnam (X units), Hong Kong SAR (X units) and Singapore (X units). All these countries together held near X% share of total exports. Turkey (X units), Japan (X units) and the United Arab Emirates (X units) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to electric generating set and rotary converter exports from China stood at +X%. At the same time, Hong Kong SAR (+X%), Vietnam (+X%), Turkey (+X%), India (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Japan (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Vietnam, Hong Kong SAR, China and India increased by +X%, +X%, +X% and +X% percentage points, while the United Arab Emirates (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric generating set and rotary converter supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a 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 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: India (+X% per year) and Turkey (+X% per year).

Export Prices by Country

The export price for electric generating sets and rotary converters in Asia stood at $X per unit in 2020, increasing by X% against the previous year. Export price indicated perceptible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, export price for electric generating sets and rotary converters increased by +X% against 2018 indices. The growth pace was the most rapid in 2016 an increase of X% y-o-y. As a result, export price reached the peak level of $X per unit. from 2017 to 2020, the growth in terms of the export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports in Asia

Imports of electric generating sets and rotary converters declined remarkably to X units in 2020, waning by -X% on the previous year. In general, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters declined significantly to $X in 2020. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. The level of import peaked at $X in 2019, and then contracted dramatically in the following year.

Imports by Country

In 2020, Indonesia (X units) represented the key importer of electric generating sets and rotary converters, creating X% of total imports. Iran (X units) occupied an X% share (based on tons) of total imports, which put it in second place, followed by Turkey (X%) and Iraq (X%). The Philippines (X units), Myanmar (X units), Malaysia (X units), the United Arab Emirates (X units), Taiwan (Chinese) (X units), Vietnam (X units), Oman (X units) and Yemen (X units) followed a long way behind the leaders.

Imports into Indonesia increased at an average annual rate of +X% from 2007 to 2020. At the same time, the Philippines (+X%), Oman (+X%), Yemen (+X%), Taiwan (Chinese) (+X%), Iran (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. Myanmar and Malaysia experienced a relatively flat trend pattern. By contrast, Vietnam (-X%), Iraq (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. While the share of Indonesia (+X p.p.), Iran (+X p.p.), Turkey (+X p.p.), the Philippines (+X p.p.), Taiwan (Chinese) (+X p.p.), Oman (+X p.p.) and Yemen (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Iraq (-X p.p.) and the United Arab Emirates (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported electric generating sets and rotary converters in Asia, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

In Turkey, imports of electric generating sets and rotary converters increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Indonesia (+X% per year) and Myanmar (+X% per year).

Import Prices by Country

In 2020, the import price for electric generating sets and rotary converters in Asia amounted to $X per unit, reducing by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. from 2016 to 2020, the growth in terms of the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Turkey ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Myanmar, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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