U.S.: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in the U.S.

The U.S. electric rotary converter market soared to $X in 2021, picking up by 26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a prominent expansion. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Electric Rotary Converter Exports

Exports from the U.S.

In 2021, shipments abroad of electric rotary converters was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric rotary converter exports soared to $X in 2021. Over the period under review, exports, however, saw a pronounced decline. The growth pace was the most rapid in 2014 when exports increased by 48%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units), Germany (X units) and Italy (X units) were the main destinations of electric rotary converter exports from the United States, with a combined 60% share of total exports. South Korea, the UK, Norway, Mexico, Colombia, the Netherlands, the United Arab Emirates, Australia, Finland and Israel lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +53.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electric rotary converters exports from the United States, comprising 34% of total exports. The second position in the ranking was taken by Canada ($X), with a 13% share of total exports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+4.3% per year) and Italy (-7.5% per year).

Export Prices by Country

In 2021, the average electric rotary converter export price amounted to $X per unit, falling by -22% against the previous year. Over the period under review, the export price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 when the average export price increased by 7.3%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Mexico ($X per unit), while the average price for exports to Finland ($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 South Korea (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Rotary Converter Imports

Imports into the U.S.

In 2021, the amount of electric rotary converters imported into the United States declined to X units, reducing by -4% against 2020 figures. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 232% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, electric rotary converter imports surged to $X in 2021. Overall, imports, however, recorded prominent growth. The growth pace was the most rapid in 2016 with an increase of 206%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), the UK (X units) and Mexico (X units) were the main suppliers of electric rotary converter imports to the United States, together accounting for 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +42.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric rotary converter suppliers to the United States were Germany ($X), the UK ($X) and France ($X), with a combined 88% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of +38.2%, saw the highest rates of growth with regard to 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 average electric rotary converter import price stood at $X per unit in 2021, with an increase of 70% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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