China - Static Converters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStatic Converter Export in China Slumps 10% to $3.2B in April 2023
China Static Converter Exports
Static converter exports from China shrank slightly to 403M units in April 2023, dropping by -4.7% compared with March 2023. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 with an increase of 69% against the previous month. Over the period under review, the exports attained the maximum at 497M units in June 2022; however, from July 2022 to April 2023, the exports remained at a lower figure.
In value terms, static converter exports fell to $3.2B (IndexBox estimates) in April 2023. The total export value increased at an average monthly rate of +2.2% from April 2022 to April 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2023 with an increase of 43% against the previous month. As a result, the exports reached the peak of $3.5B, and then contracted in the following month.
| COUNTRY | Export Value of Static Converter in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| United States | 342 | 387 | 402 | 471 | 461 | 530 | 453 | 393 | 407 | 368 | 239 | 425 | 364 |
| Germany | 129 | 155 | 186 | 197 | 214 | 188 | 210 | 218 | 231 | 228 | 184 | 274 | 224 |
| Japan | 101 | 105 | 118 | 124 | 115 | 122 | 105 | 124 | 116 | 101 | 96.3 | 125 | 120 |
| India | 88.0 | 80.9 | 98.3 | 98.1 | 75.8 | 89.2 | 77.5 | 96.3 | 91.6 | 101 | 78.9 | 105 | 89.3 |
| Vietnam | 90.9 | 97.7 | 87.5 | 89.2 | 86.7 | 88.7 | 103 | 100 | 91.1 | 57.2 | 61.3 | 80.2 | 82.6 |
| Brazil | 81.0 | 81.2 | 120 | 131 | 115 | 140 | 102 | 96.9 | 98.3 | 107 | 63.8 | 108 | 77.2 |
| Russia | 21.2 | 27.1 | 26.6 | 44.1 | 62.3 | 60.9 | 57.7 | 63.7 | 72.9 | 67.5 | 58.9 | 68.5 | 69.9 |
| South Korea | 59.6 | 70.0 | 72.5 | 75.4 | 71.1 | 77.9 | 65.6 | 78.7 | 72.9 | 56.5 | 48.8 | 76.8 | 69.2 |
| Malaysia | 49.2 | 58.8 | 60.6 | 66.0 | 61.2 | 69.5 | 56.7 | 73.3 | 88.1 | 63.0 | 40.5 | 67.4 | 60.2 |
| Turkey | 21.7 | 32.5 | 35.4 | 38.0 | 34.7 | 25.4 | 39.9 | 53.9 | 29.5 | 48.7 | 19.0 | 64.1 | 54.2 |
| Thailand | 47.8 | 48.4 | 56.0 | 56.7 | 46.9 | 56.5 | 45.4 | 51.1 | 49.9 | 50.2 | 32.0 | 47.1 | 50.5 |
| Indonesia | 38.9 | 37.5 | 48.1 | 52.9 | 54.6 | 44.1 | 46.4 | 47.6 | 58.4 | 39.9 | 24.2 | 45.6 | 33.1 |
| Bangladesh | 13.0 | 11.0 | 15.3 | 8.1 | 9.0 | 9.5 | 8.4 | 7.7 | 7.5 | 11.0 | 4.3 | 15.0 | 8.7 |
| Others | 1,368 | 1,466 | 1,548 | 1,752 | 1,886 | 1,939 | 1,819 | 1,928 | 1,876 | 1,855 | 1,516 | 2,029 | 1,878 |
| Total | 2,451 | 2,657 | 2,875 | 3,203 | 3,293 | 3,440 | 3,190 | 3,331 | 3,290 | 3,153 | 2,467 | 3,532 | 3,181 |
Exports by Country
The United States (27M units), India (26M units) and Vietnam (21M units) were the main destinations of static converter exports from China, together comprising 18% of total exports. Germany, South Korea, Brazil, Japan, Malaysia, Thailand, Turkey, Indonesia, Bangladesh and Russia lagged somewhat behind, together accounting for a further 25%.
From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +5.7%), while the other leaders experienced more modest paces of growth.
In value terms, the United States ($364M), Germany ($224M) and Japan ($120M) constituted the largest markets for static converter exported from China worldwide, together accounting for 22% of total exports. India, Vietnam, Brazil, Russia, South Korea, Malaysia, Turkey, Thailand, Indonesia and Bangladesh lagged somewhat behind, together comprising a further 19%.
In terms of the main countries of destination, Russia, with a CAGR of +10.5%, recorded the highest rates of growth with regard to 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 April 2023, the static converter price stood at $7.9 per unit (FOB, China), dropping by -5.4% against the previous month. In general, export price indicated a notable expansion from April 2022 to April 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, static converter export price decreased by -19.8% against February 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 33% against the previous month. As a result, the export price reached the peak level of $9,844 per thousand units. From March 2023 to April 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($14.9 per unit), while the average price for exports to Bangladesh ($1.2 per unit) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the static converter market in China. 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 27115023 -
- Prodcom 27115030 - Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)
- Prodcom 27115033 - Accumulator chargers
- Prodcom 27115035 -
- Prodcom 27115040 - Power supply units for telecommunication apparatus, a utomatic data-processing machines and units thereof
- Prodcom 27115053 - Inverters having a power handling capacity . 7,5 kVA
- Prodcom 27115055 - Inverters having a power handling capacity > 7,5 kVA
- Prodcom 27115070 - Static converters (excluding polycrystalline semiconductors, c onverters specially designed for welding, without welding equipment, accumulator chargers, rectifiers, inverters)
- Prodcom 27904130 -
- Prodcom 27904140 -
- Prodcom 27904153 -
- Prodcom 27904155 -
- Prodcom 27904170 -
- Prodcom 27904190 -
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
