Eastern Asia: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Eastern Asia

In 2020, after two years of growth, there was decline in the East Asian market for electric generating sets and rotary converters, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% 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; afterwards, it flattened through to 2020.

Production of Electric Generating Sets And Rotary Converters in Eastern Asia

In value terms, production of electric generating sets and rotary converters totaled $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level in 2020 and is likely to continue growth in the near future.

Production By Country in Eastern 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, Japan (X units), sevenfold. South Korea (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. The remaining producing countries recorded the following average annual rates of production growth: Japan (-X% per year) and South Korea (-X% per year).

Exports of Electric Generating Sets And Rotary Converters

Exports in Eastern Asia

In 2020, approx. X units of electric generating sets and rotary converters were exported in Eastern Asia; approximately reflecting 2019 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X units in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, exports of electric generating sets and rotary converters expanded modestly to $X in 2020. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China dominates exports of electric generating sets and rotary converters structure, amounting to X units, which was approx. X% of total exports in 2020. It was distantly followed by Hong Kong SAR (X units), creating a X% share of total exports. Japan (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China and Hong Kong SAR increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric generating set and rotary converter supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.

In China, exports 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: Japan (+X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

In 2020, the export price for electric generating sets and rotary converters in Eastern Asia amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, export price attained the peak level of $X per unit. from 2017 to 2020, the growth in terms of the export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; 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 mixed trends in the export price figures.

Imports of Electric Generating Sets And Rotary Converters

Imports in Eastern Asia

In 2020, approx. X units of electric generating sets and rotary converters were imported in Eastern Asia; with an increase of X% on the year before. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The volume of import peaked at X units in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, imports of electric generating sets and rotary converters declined to $X in 2020. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. The level of import peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Taiwan (Chinese) (X units) was the main importer of electric generating sets and rotary converters, creating X% of total imports. Hong Kong SAR (X units) ranks second in terms of the total imports with a X% share, followed by South Korea (X%) and China (X%). The following importers - Democratic People's Republic of Korea (X units) and Japan (X units) - together made up X% of total imports.

Taiwan (Chinese) was also the fastest-growing in terms of the electric generating sets and rotary converters imports, with a CAGR of +X% from 2007 to 2020. At the same time, Hong Kong SAR (+X%) and South Korea (+X%) displayed positive paces of growth. By contrast, Japan (-X%), Democratic People's Republic of Korea (-X%) and China (-X%) illustrated a downward trend over the same period. Taiwan (Chinese) (+X p.p.) significantly strengthened its position in terms of the total imports, while Japan, South Korea, Democratic People's Republic of Korea and China saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported electric generating sets and rotary converters in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($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 in Taiwan (Chinese) stood at +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The import price for electric generating sets and rotary converters in Eastern Asia stood at $X per unit in 2020, which is down by -X% against the previous year. In general, the import price showed a deep contraction. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; 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 Democratic People's Republic of Korea, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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