Asia-Pacific: Electric Rotary Converter Market 2025

Electric Rotary Converter Market Size in Asia-Pacific

The Asia-Pacific electric rotary converter market rose significantly to $X in 2021, with an increase of 6.6% against the previous year. Over the period under review, consumption, however, showed a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electric Rotary Converter Production in Asia-Pacific

In value terms, electric rotary converter production fell to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 12% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electric Rotary Converter Exports

Exports in Asia-Pacific

Electric rotary converter exports contracted markedly to X units in 2021, declining by -38.6% compared with the previous year's figure. Overall, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 450% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric rotary converter exports contracted remarkably to $X in 2021. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 31%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units), Hong Kong SAR (X units) and Malaysia (X units) represented roughly 88% of total exports in 2021. Australia (X units), Singapore (X units) and New Zealand (X units) held a minor 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, the largest electric rotary converter supplying countries in Asia-Pacific were Vietnam ($X), Malaysia ($X) and Singapore ($X), with a combined 50% share of total exports. These countries were followed by Australia, Hong Kong SAR and New Zealand, which together accounted for a further 21%.

Among the main exporting countries, New Zealand, with a CAGR of +27.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, growing by 27% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by 52%. Over the period under review, the export prices hit record highs 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 Singapore ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.4%), while the other leaders experienced a decline in the export price figures.

Electric Rotary Converter Imports

Imports in Asia-Pacific

Electric rotary converter imports contracted remarkably to X units in 2021, with a decrease of -48.8% against the previous year's figure. Over the period under review, imports faced a precipitous decline. The growth pace was the most rapid in 2014 when imports increased by 65% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electric rotary converter imports declined significantly to $X in 2021. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 37%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR was the key importer of electric rotary converters in Asia-Pacific, with the volume of imports accounting for X units, which was near 42% of total imports in 2021. Singapore (X units) took a 9.9% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (9.5%), Japan (9.4%), South Korea (7.2%) and India (4.7%). Nepal (X units) took a little share of total imports.

Imports into Hong Kong SAR increased at an average annual rate of +19.3% from 2012 to 2021. At the same time, Japan (+70.6%), the Philippines (+22.8%), South Korea (+13.4%), Nepal (+12.3%) and India (+10.5%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +70.6% from 2012-2021. By contrast, Singapore (-29.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Hong Kong SAR, Japan, the Philippines, South Korea, India and Nepal increased by +41, +9.4, +9.3, +7, +4.5 and +2.9 percentage points, respectively.

In value terms, the largest electric rotary converter importing markets in Asia-Pacific were India ($X), Japan ($X) and the Philippines ($X), with a combined 41% share of total imports.

Japan, with a CAGR of +43.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 Asia-Pacific amounted to $X per unit, rising by 8.4% against the previous year. In general, the import price saw buoyant growth. The pace of growth was the most pronounced in 2013 an increase of 148% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while Hong Kong SAR ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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