Denmark: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Denmark

In 2021, the Danish electric rotary converter market decreased by -25% to $X, falling for the third year in a row after three years of growth. Overall, consumption recorded a abrupt decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Electric Rotary Converter Production in Denmark

In value terms, electric rotary converter production reached $X in 2021 estimated in export price. In general, production faced a dramatic descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by 538%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Electric Rotary Converter Exports

Exports from Denmark

In 2021, shipments abroad of electric rotary converters increased by 75% to X units, rising for the sixth year in a row after two years of decline. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 436% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, electric rotary converter exports soared to $X in 2021. Over the period under review, exports, however, faced a deep setback. The pace of growth was the most pronounced in 2016 with an increase of 156% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for electric rotary converter exports from Denmark, with a 39% share of total exports. Moreover, electric rotary converter exports to the United States exceeded the volume sent to the second major destination, Mozambique (X units), fivefold. The third position in this ranking was taken by Greenland (X units), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (0.0% per year) and Greenland (+130.9% per year).

In value terms, the United States ($X) remains the key foreign market for electric rotary converters exports from Denmark, comprising 50% of total exports. The second position in the ranking was held by Germany ($X), with an 8.1% share of total exports. It was followed by China, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.0% per year) and China (+24.9% per year).

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, surging by 27% against the previous year. Over the period under review, the export price, however, recorded a dramatic descent. The most prominent rate of growth was recorded in 2016 an increase of 39% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 Germany (-2.5%), while the prices for the other major destinations experienced a decline.

Electric Rotary Converter Imports

Imports into Denmark

In 2021, imports of electric rotary converters into Denmark skyrocketed to X units, jumping by 62% on the previous year. Overall, imports posted a measured expansion. The growth pace was the most rapid in 2014 when imports increased by 325%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electric rotary converter imports contracted rapidly to $X in 2021. In general, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 335% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), the UK (X units) and Estonia (X units) were the main suppliers of electric rotary converter imports to Denmark, with a combined 78% share of total imports. China and Poland lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +83.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric rotary converter suppliers to Denmark were the UK ($X), Germany ($X) and Estonia ($X), with a combined 95% share of total imports. China and Poland lagged somewhat behind, together comprising a further 2.1%.

Poland, with a CAGR of +65.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, dropping by -54.8% against the previous year. Over the period under review, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 25% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-6.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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