The Estonian electric rotary converter market contracted rapidly to $X in 2024, waning by X% against the previous year. Overall, consumption continues to indicate a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2024, consumption stood at a somewhat lower figure.
Electric Rotary Converter Production in Estonia
In value terms, electric rotary converter production fell modestly to $X in 2024 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2024, production growth remained at a somewhat lower figure.
Electric Rotary Converter ExportsExports from Estonia
In 2024, approx. X units of electric rotary converters were exported from Estonia; picking up by X% compared with the previous year. Over the period under review, exports recorded resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2022; however, from 2023 to 2024, the exports failed to regain momentum.
In value terms, electric rotary converter exports surged to $X in 2024. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2022; however, from 2023 to 2024, the exports failed to regain momentum.
Exports by Country
South Korea (X units) was the main destination for electric rotary converter exports from Estonia, accounting for a X% share of total exports. Moreover, electric rotary converter exports to South Korea exceeded the volume sent to the second major destination, Russia (X units), threefold. Latvia (X units) ranked third in terms of total exports with a X% share.
From 2012 to 2022, the average annual growth rate of volume to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Latvia (X% per year).
In value terms, South Korea ($X) remains the key foreign market for electric rotary converters exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of value to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Latvia (X% per year).
Export Prices by Country
In 2022, the average electric rotary converter export price amounted to $X thousand per unit, waning by X% against the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X thousand per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced mixed trend patterns.
Electric Rotary Converter ImportsImports into Estonia
In 2024, purchases abroad of electric rotary converters decreased by X% to X units, falling for the second consecutive year after three years of growth. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2024, the growth of imports failed to regain momentum.
In value terms, electric rotary converter imports contracted modestly to $X in 2024. Overall, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2024, imports stood at a somewhat lower figure.
Imports by Country
The Czech Republic (X units), Switzerland (X units) and France (X units) were the main suppliers of electric rotary converter imports to Estonia.
From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Finland ($X), France ($X) and the Czech Republic ($X) appeared to be the largest electric rotary converter suppliers to Estonia, with a combined X% share of total imports. Lithuania, Switzerland, Norway, Latvia and the UK lagged somewhat behind, together comprising a further X%.
Among the main suppliers, Lithuania, with a CAGR of X%, recorded 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
In 2022, the average electric rotary converter import price amounted to $X thousand per unit, surging by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced downturn. The import price peaked at $X thousand per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X thousand per unit), while the price for Switzerland ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
The countries with the highest volumes of consumption in 2024 were the United States, the UK and Mexico, with a combined 73% share of global consumption. Singapore, Malaysia and Switzerland lagged somewhat behind, together comprising a further 19%.
The UK constituted the country with the largest volume of electric rotary converter production, accounting for 52% of total volume. Moreover, electric rotary converter production in the UK exceeded the figures recorded by the second-largest producer, Singapore, twofold. France ranked third in terms of total production with a 4.6% share.
In value terms, the largest electric rotary converter suppliers to Estonia were Finland, France and the Czech Republic, with a combined 26% share of total imports. Lithuania, Switzerland, Norway, Latvia and the UK lagged somewhat behind, together accounting for a further 6.4%.
In value terms, South Korea remains the key foreign market for electric rotary converters exports from Estonia, comprising 20% of total exports. The second position in the ranking was held by Russia, with a 2.6% share of total exports. It was followed by Latvia, with a 0.6% share.
The average electric rotary converter export price stood at $1.5 thousand per unit in 2022, falling by -3.3% against the previous year. In general, the export price, however, recorded prominent growth. The pace of growth appeared the most rapid in 2016 an increase of 2,888%. The export price peaked at $6.8 thousand per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
The average electric rotary converter import price stood at $1 thousand per unit in 2022, with an increase of 169% against the previous year. Overall, the import price, however, recorded a noticeable reduction. Over the period under review, average import prices hit record highs at $1.5 thousand per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
This report provides an in-depth analysis of the electric rotary converter market in Estonia. 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:Data coverage:Market volume and valuePer Capita consumptionForecast of the market dynamics in the medium termTrade (exports and imports) in EstoniaExport and import pricesMarket trends, drivers and restraintsKey market players and their profilesReasons to buy this report:Take advantage of the latest dataFind deeper insights into current market developmentsDiscover vital success factors affecting the market
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