Brazil: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Brazil

The Brazilian electric rotary converter market surged to $X in 2021, rising by 41% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a significant curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Electric Rotary Converter Exports

Exports from Brazil

In 2021, approx. X units of electric rotary converters were exported from Brazil; rising by 41% on 2020. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 4,279% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, electric rotary converter exports soared to $X in 2021. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 36,305% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for electric rotary converter exports from Brazil, accounting for a 69% share of total exports. Moreover, electric rotary converter exports to Italy exceeded the volume sent to the second major destination, Denmark (X units), fourfold. Uruguay (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+12.5% per year) and Uruguay (+10.7% per year).

In value terms, Canada ($X) emerged as the key foreign market for electric rotary converters exports from Brazil, comprising 91% of total exports. The second position in the ranking was held by Italy ($X), with a 3.9% share of total exports. It was followed by Denmark, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+26.5% per year) and Denmark (+172.0% per year).

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, increasing by 406% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 725%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Rotary Converter Imports

Imports into Brazil

In 2021, approx. X units of electric rotary converters were imported into Brazil; increasing by 61% compared with the previous year. In general, imports, however, recorded a significant decline. The growth pace was the most rapid in 2016 when imports increased by 192%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, electric rotary converter imports surged to $X in 2021. Overall, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 432% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest electric rotary converter supplier to Brazil, with a 65% share of total imports. Moreover, electric rotary converter imports from Germany exceeded the figures recorded by the second-largest supplier, Finland (X units), fivefold. The third position in this ranking was taken by China (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+28.8% per year) and China (-3.3% per year).

In value terms, Germany ($X) constituted the largest supplier of electric rotary converters to Brazil, comprising 82% of total imports. The second position in the ranking was held by Finland ($X), with a 7.3% share of total imports. It was followed by China, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+38.3% per year) and China (+3.2% per year).

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, which is down by -24.4% against the previous year. Over the period under review, the import price, however, recorded a remarkable increase. The growth pace was the most rapid in 2019 when the average import price increased by 328%. The import price peaked at $X per unit in 2020, and then fell markedly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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