Pakistan: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Pakistan

After two years of growth, the Pakistani electric rotary converter market decreased by -0.5% to $X in 2021. Overall, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.6% against 2018 indices. Electric rotary converter consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Electric Rotary Converter Production in Pakistan

In value terms, electric rotary converter production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +10.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 44% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Electric Rotary Converter Exports

Exports from Pakistan

In 2021, overseas shipments of electric rotary converters decreased by -6.8% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 601%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric rotary converter exports fell markedly to $X in 2021. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 222%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for electric rotary converter exports from Pakistan, with a 73% share of total exports. Moreover, electric rotary converter exports to the Netherlands exceeded the volume sent to the second major destination, Montenegro (X units), sixfold. The third position in this ranking was held by Ghana (X units), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (0.0% per year) and Ghana (-15.5% per year).

In value terms, the largest markets for electric rotary converter exported from Pakistan were the Netherlands ($X), Montenegro ($X) and Ghana ($X), together comprising 92% of total exports.

Montenegro, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, with a decrease of -15.6% against the previous year. Overall, the export price showed a perceptible contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 40%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Ghana ($X per unit), while the average price for exports to the Netherlands ($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 Ghana (+1.9%), while the prices for the other major destinations experienced a decline.

Electric Rotary Converter Imports

Imports into Pakistan

In 2021, the amount of electric rotary converters imported into Pakistan soared to X units, with an increase of 60% compared with 2020. Overall, imports, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 725%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, electric rotary converter imports skyrocketed to $X in 2021. In general, imports, however, showed a significant decrease. The growth pace was the most rapid in 2014 when imports increased by 997%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of electric rotary converter to Pakistan, with a 44% share of total imports. Moreover, electric rotary converter imports from Italy exceeded the figures recorded by the second-largest supplier, Mexico (X units), sevenfold. Japan (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to -17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (0.0% per year) and Japan (0.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of electric rotary converters to Pakistan, comprising 33% of total imports. The second position in the ranking was taken by France ($X), with a 9.5% share of total imports. It was followed by Ukraine, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +32.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-18.1% per year) and Ukraine (-13.5% per year).

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, surging by 13% against the previous year. Overall, the import price recorded slight growth. The most prominent rate of growth was recorded in 2014 an increase of 166% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for Italy ($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 Netherlands (+52.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :