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

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

The East European market for electric generating sets and rotary converters rose significantly to $X in 2020, growing by X% against the previous year. The total consumption indicated modest growth 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, consumption increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Production of Electric Generating Sets And Rotary Converters in Eastern Europe

In value terms, production of electric generating sets and rotary converters expanded sharply to $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 2008 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. from 2009 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Eastern Europe

Russia (X units) constituted the country with the largest volume of production of electric generating sets and rotary converters, accounting for X% of total volume. Moreover, production of electric generating sets and rotary converters in Russia exceeded the figures recorded by the second-largest producer, the Czech Republic (X units), eightfold. Bulgaria (X units) ranked third in terms of total production with a X% share.

In Russia, production of electric generating sets and rotary converters decreased by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: the Czech Republic (-X% per year) and Bulgaria (+X% per year).

Exports of Electric Generating Sets And Rotary Converters

Exports in Eastern Europe

In 2020, overseas shipments of electric generating sets and rotary converters were finally on the rise to reach X units for the first time since 2016, thus ending a three-year declining trend. Over the period under review, exports, however, saw a perceptible shrinkage. Over the period under review, exports attained the peak figure at X units in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, exports of electric generating sets and rotary converters expanded rapidly to $X in 2020. Total exports indicated a notable expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Poland was the main exporting country with an export of around X units, which recorded X% of total exports. Russia (X units) held the second position in the ranking, followed by the Czech Republic (X units) and Bulgaria (X units). All these countries together took approx. X% share of total exports. Romania (X units), Lithuania (X units) and Latvia (X units) occupied a little share of total exports.

Exports from Poland decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Bulgaria (+X%), Romania (+X%), Russia (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +X% from 2007-2020. Latvia experienced a relatively flat trend pattern. By contrast, Lithuania (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Russia, the Czech Republic, Bulgaria and Romania increased by +X%, +X%, +X% and +X% percentage points, while Lithuania (-X p.p.) and Poland (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual rate of growth in terms of value in Poland amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (-X% per year) and Lithuania (+X% per year).

Export Prices by Country

The export price for electric generating sets and rotary converters in Eastern Europe stood at $X per unit in 2020, dropping by -X% against the previous year. Over the period under review, the export price, however, showed a strong increase. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, export prices attained the peak figure at $X per unit in 2019, and then shrank sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Lithuania ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the other leaders experienced mixed trends in the export price figures.

Imports of Electric Generating Sets And Rotary Converters

Imports in Eastern Europe

In 2020, the amount of electric generating sets and rotary converters imported in Eastern Europe surged to X units, picking up by X% on the year before. Over the period under review, imports posted tangible growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters soared to $X in 2020. In general, imports recorded modest growth. The pace of growth was the most pronounced in 2009 when imports increased by X% y-o-y. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Russia (X units), distantly followed by Poland (X units), Hungary (X units) and Ukraine (X units) represented the main importers of electric generating sets and rotary converters, together comprising X% of total imports. Romania (X units), Bulgaria (X units) and Lithuania (X units) occupied a minor share of total imports.

From 2007 to 2020, the biggest increases were in Hungary, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric generating set and rotary converter importing markets in Eastern Europe were Russia ($X), Ukraine ($X) and Poland ($X), with a combined X% share of total imports.

Poland recorded 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 2020, the import price for electric generating sets and rotary converters in Eastern Europe amounted to $X per unit, falling by -X% against the previous year. Overall, the import price showed a slight decrease. The growth pace was the most rapid in 2009 an increase of X% y-o-y. As a result, import price reached the peak level of $X per unit. from 2010 to 2020, the growth in terms of the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Ukraine ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ukraine, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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