Report Update Nov 1, 2024

Saudi Arabia - Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Saudi Arabia

In 2021, the Saudi electric rotary converter market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, faced a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electric Rotary Converter Production in Saudi Arabia

In value terms, electric rotary converter production reached $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 2.2%. Over the period under review, production attained the peak level at $X in 2018; afterwards, it flattened through to 2021.

Electric Rotary Converter Exports

Exports from Saudi Arabia

In 2021, overseas shipments of electric rotary converters decreased by -19% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2013 when exports increased by 551% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020, and then contracted rapidly in the following year.

In value terms, electric rotary converter exports surged to $X in 2021. Over the period under review, exports, however, showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kuwait (X units) was the main destination for electric rotary converter exports from Saudi Arabia, with a 82% share of total exports. Moreover, electric rotary converter exports to Kuwait exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. Yemen (X units) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Kuwait amounted to +106.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+18.9% per year) and Yemen (+34.3% per year).

In value terms, Kuwait ($X) remains the key foreign market for electric rotary converters exports from Saudi Arabia, comprising 24% of total exports. The second position in the ranking was taken by Yemen ($X), with a 0.7% share of total exports. It was followed by the United States, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value to Kuwait totaled +80.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+97.6% per year) and the United States (+5.7% per year).

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, rising by 698% against the previous year. In general, the export price showed a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Bahrain ($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 Yemen (+47.2%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric rotary converters in the world?

The country with the largest volume of electric rotary converter consumption was the United States, accounting for 39% of total volume. Moreover, electric rotary converter consumption in the United States exceeded the figures recorded by the second-largest consumer, Mozambique, fourfold. The Netherlands ranked third in terms of total consumption with an 8.2% share.

What are the largest producers of electric rotary converters in the world?

Germany remains the largest electric rotary converter producing country worldwide, comprising approx. 38% of total volume. Moreover, electric rotary converter production in Germany exceeded the figures recorded by the second-largest producer, Hong Kong SAR, twofold. The third position in this ranking was occupied by Vietnam, with a 12% share.

What are the leading suppliers of electric rotary converters to Saudi Arabia?

In value terms, China constituted the largest supplier of electric rotary converter to Saudi Arabia, comprising 25% of total imports. The second position in the ranking was occupied by Germany, with a 12% share of total imports. It was followed by Singapore, with a 5.1% share.

What are the leading importers of electric rotary converters from Saudi Arabia?

In value terms, Kuwait remains the key foreign market for electric rotary converter exports from Saudi Arabia, comprising 34% of total exports. The second position in the ranking was occupied by Yemen, with a 15% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

What is the average export price for electric rotary converters in Saudi Arabia?

The average electric rotary converter export price stood at $192 per unit in 2020, surging by 72% against the previous year.

What is the average import price for electric rotary converters in Saudi Arabia?

In 2010, the average electric rotary converter import price amounted to $130 per unit, with a decrease of -10.5% against the previous year.

This report provides an in-depth analysis of the electric rotary converter market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27113270 - Rotary converters

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023