EU: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in the EU

In 2020, the EU market for electric generating sets and rotary converters increased by X% to $X, rising for the third year in a row after six years of decline. Over the period under review, consumption, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Production of Electric Generating Sets And Rotary Converters in the EU

In value terms, production of electric generating sets and rotary converters reduced markedly to $X in 2020 estimated in export prices. The total production indicated a buoyant 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 decreased by -X% against 2014 indices. The growth pace was the most rapid in 2008 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

Production By Country in the EU

Germany (X units) constituted the country with the largest volume of production of electric generating sets and rotary converters, comprising approx. X% of total volume. Moreover, production of electric generating sets and rotary converters in Germany exceeded the figures recorded by the second-largest producer, Spain (X units), twofold. The third position in this ranking was occupied by Italy (X units), with a X% share.

In Germany, production of electric generating sets and rotary converters remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Spain (+X% per year) and Italy (+X% per year).

Exports of Electric Generating Sets And Rotary Converters

Exports in the EU

In 2020, exports of electric generating sets and rotary converters in the European Union expanded rapidly to X units, increasing by X% compared with the previous year's figure. Over the period under review, exports, however, saw a slight slump. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X units in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, exports of electric generating sets and rotary converters rose rapidly to $X in 2020. The total export value 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 pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. The level of export peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, Germany (X units), distantly followed by Denmark (X units), Spain (X units), France (X units), the Netherlands (X units) and Italy (X units) were the largest exporters of electric generating sets and rotary converters, together comprising X% of total exports. Poland (X units) and Belgium (X units) held a little share of total exports.

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

In value terms, the largest electric generating set and rotary converter supplying countries in the European Union were Germany ($X), Denmark ($X) and the Netherlands ($X), with a combined X% share of total exports.

Among the main exporting countries, the Netherlands saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price for electric generating sets and rotary converters in the European Union stood at $X per unit in 2020, surging by X% against the previous year. Export price indicated temperate growth from 2007 to 2020: its price 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, export price for electric generating sets and rotary converters increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2011 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the Netherlands ($X per unit), while Belgium ($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 more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports in the EU

In 2020, supplies from abroad of electric generating sets and rotary converters increased by X% to X units, rising for the third consecutive year after ten years of decline. Overall, imports, however, saw a noticeable setback. The volume of import peaked at X units in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters shrank sharply to $X in 2020. The total import value increased at an average annual rate of +X% over the period 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 2019 with an increase of X% y-o-y. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

Croatia represented the key importing country with an import of about X units, which recorded X% of total imports. It was distantly followed by Poland (X units), Greece (X units), Spain (X units), Italy (X units), France (X units) and Hungary (X units), together achieving a X% 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 the European Union were France ($X), Poland ($X) and Greece ($X), together comprising X% of total imports. These countries were followed by Spain, Croatia, Italy and Hungary, which together accounted for a further X the main importing countries, Croatia saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price for electric generating sets and rotary converters in the European Union stood at $X per unit in 2020, shrinking by -X% against the previous year. In general, the import price, however, showed tangible growth. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019, and then shrank notably in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :