Northern America: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Northern America

After four years of growth, the North American market for electric generating sets and rotary converters decreased by -X% to $X in 2020. Over the period under review, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2019, and then reduced notably in the following year.

Production of Electric Generating Sets And Rotary Converters in Northern America

In value terms, production of electric generating sets and rotary converters shrank to $X in 2020 estimated in export prices. Overall, production, however, showed a pronounced setback. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Production By Country in Northern America

The country with the largest volume of production of electric generating sets and rotary converters was the U.S. (X units), comprising approx. X% of total volume. Moreover, production of electric generating sets and rotary converters in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X units), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume in the U.S. stood at -X%.

Exports of Electric Generating Sets And Rotary Converters

Exports in Northern America

In 2020, after three years of growth, there was decline in shipments abroad of electric generating sets and rotary converters, when their volume decreased by -X% to X units. In general, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. The volume of export peaked at X units in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of electric generating sets and rotary converters shrank rapidly to $X in 2020. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

Canada represented the key exporter of electric generating sets and rotary converters in Northern America, with the volume of exports reaching X units, which was approx. X% of total exports in 2020. It was distantly followed by the U.S. (X units), achieving a X% share of total exports.

Canada was also the fastest-growing in terms of the electric generating sets and rotary converters exports, with a CAGR of +X% from 2007 to 2020. the U.S. (-X%) illustrated a downward trend over the same period. While the share of Canada (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of the U.S. (-X p.p.) displayed negative dynamics.

In value terms, the U.S. ($X) remains the largest electric generating set and rotary converter supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in the U.S. totaled -X%.

Export Prices by Country

In 2020, the export price for electric generating sets and rotary converters in Northern America amounted to $X per unit, shrinking by -X% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2014 an increase of X% y-o-y. As a result, export price reached the peak level of $X per unit. from 2015 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 the U.S. ($X per unit), while Canada amounted to $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Imports of Electric Generating Sets And Rotary Converters

Imports in Northern America

In 2020, supplies from abroad of electric generating sets and rotary converters decreased by -X% to X units for the first time since 2015, thus ending a four-year rising trend. Overall, imports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. The volume of import peaked at X units in 2019, and then declined markedly in the following year.

In value terms, imports of electric generating sets and rotary converters surged to $X in 2020. In general, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

The purchases of the two major importers of electric generating sets and rotary converters, namely the U.S. and Canada, represented more than two-thirds of total import.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the U.S..

In value terms, Canada ($X) and the U.S. ($X) were the countries with the highest levels of imports in 2020.

Canada saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price for electric generating sets and rotary converters in Northern America stood at $X per unit in 2020, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while the U.S. stood at $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox Platform

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