China: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in China

In 2020, the Chinese market for electric generating sets and rotary converters increased by X% to $X, rising for the second year in a row after two years of decline. The market 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2017 to 2020, the growth of the market failed to regain the momentum.

Production of Electric Generating Sets And Rotary Converters in China

In value terms, production of electric generating sets and rotary converters contracted slightly to $X in 2020 estimated in export prices. Overall, the total production indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. from 2017 to 2020, production growth remained at a lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from China

In 2020, exports of electric generating sets and rotary converters from China amounted to X units, almost unchanged from the year before. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports 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 amounted to $X in 2020. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X units) was the main destination for exports of electric generating sets and rotary converters from China, with a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to the U.S. exceeded the volume sent to the second major destination, Nigeria (X units), twofold. The third position in this ranking was occupied by Vietnam (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-X% per year) and Vietnam (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for electric generating set and rotary converter exports from China, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price saw a prominent increase. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. As a result, export price attained the peak level of $X per unit. from 2017 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Chile ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into China

In 2020, overseas purchases of electric generating sets and rotary converters were finally on the rise to reach X units after two years of decline. In general, imports, however, continue to indicate a abrupt decline. Imports peaked at X units in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of electric generating sets and rotary converters totaled $X in 2020. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Japan (X units) was the main supplier of electric generating set and rotary converter to China, accounting for a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from Japan exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. India (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and India (+X% per year).

In value terms, Japan ($X) constituted the largest supplier of electric generating set and rotary converter to China, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Japan stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2020, the average import price for electric generating sets and rotary converters amounted to $X per unit, waning by -X% against the previous year. Over the period under review, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2010; however, from 2011 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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