Global Static Converter Market 2024

Static Converter Market Size

The global static converter market rose significantly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Static Converter Production

In value terms, static converter production dropped to $X in 2022 estimated in export price. In general, production recorded a mild downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Global production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Static Converter Exports

Exports

In 2022, after two years of growth, there was significant decline in overseas shipments of static converters, when their volume decreased by X% to X units. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then contracted in the following year.

In value terms, static converter exports skyrocketed to $X in 2022. Overall, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The global exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

China represented the main exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Hong Kong SAR (X units), achieving a X% share of total exports. Singapore (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest static converter supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of global exports.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average static converter export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, static converter export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Static Converter Imports

Imports

For the fifth consecutive year, the global market recorded growth in purchases abroad of static converters, which increased by X% to X units in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, static converter imports surged to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units), Hong Kong SAR (X units), India (X units), the United States (X units) and Mozambique (X units) was the main importer of static converters in the world, mixing up X% of total import. Thailand (X units) held the next position in the ranking, followed by Mexico (X units). All these countries together took near X% share of total imports. The following importers - Singapore (X units), the Netherlands (X units), the UK (X units), Brazil (X units) and Germany (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest static converter importing markets worldwide were the United States ($X), Germany ($X) and China ($X), with a combined X% share of global imports. The Netherlands, Hong Kong SAR, Mexico, the UK, Brazil, India, Singapore, Thailand and Mozambique lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Netherlands, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average static converter import price amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Mozambique (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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