Saudi Arabia: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Saudi Arabia

In 2020, the Saudi market for electric generating sets and rotary converters increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a pronounced expansion from 2007 to 2020: its value increased 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, consumption increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level in 2020 and is likely to see gradual growth in the immediate term.

Production of Electric Generating Sets And Rotary Converters in Saudi Arabia

In value terms, production of electric generating sets and rotary converters soared to $X in 2020 estimated in export prices. Overall, production recorded a significant expansion. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from Saudi Arabia

In 2020, after two years of growth, there was significant decline in overseas shipments of electric generating sets and rotary converters, when their volume decreased by -X% to X units. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. Exports peaked at X units in 2019, and then contracted notably in the following year.

In value terms, exports of electric generating sets and rotary converters expanded significantly to $X in 2020. Overall, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Kuwait (X units), the Netherlands (X units) and the United Arab Emirates (X units) were the main destinations of exports of electric generating sets and rotary converters from Saudi Arabia.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the largest markets for electric generating set and rotary converter exported from Saudi Arabia worldwide.

Among the main countries of destination, Malaysia recorded 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

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Bahrain ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced a decline.

Imports of Electric Generating Sets And Rotary Converters

Imports into Saudi Arabia

In 2020, the amount of electric generating sets and rotary converters imported into Saudi Arabia totaled X units, therefore, remained relatively stable against 2019 figures. In general, imports faced a deep contraction. Imports 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 skyrocketed to $X in 2020. Over the period under review, imports showed noticeable growth. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2010, China (X units) was the main electric generating set and rotary converter supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), fourfold. The third position in this ranking was occupied by Japan (X units), with a X% share.

From 2007 to 2010, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and Japan (+X% per year).

In value terms, the largest electric generating set and rotary converter suppliers to Saudi Arabia were the U.S. ($X), the UK ($X) and China ($X recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2010, dropping by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The import price peaked at $X per unit in 2009, and then contracted notably in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2007 to 2010, the most notable rate of growth in terms of prices was attained by Malaysia (+X% per year), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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