Chile: Static Converter Market 2024

Static Converter Market Size in Chile

In 2022, after two years of growth, there was significant decline in the Chilean static converter market, when its value decreased by X% to $X. Over the period under review, consumption, however, showed strong growth. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Static Converter Exports

Exports from Chile

In 2022, exports of static converters from Chile declined rapidly to X units, which is down by X% compared with 2021 figures. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, static converter exports rose sharply to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for static converter exports from Chile, accounting for a X% share of total exports. Moreover, static converter exports to the United States exceeded the volume sent to the second major destination, Peru (X units), threefold. The third position in this ranking was taken by Argentina (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Argentina (X% per year).

In value terms, the United States ($X), Peru ($X) and Bolivia ($X) were the largest markets for static converter exported from Chile worldwide, together comprising X% of total exports.

Bolivia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average static converter export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Colombia ($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 Bolivia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Static Converter Imports

Imports into Chile

After two years of growth, overseas purchases of static converters decreased by X% to X units in 2022. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, static converter imports contracted to $X in 2022. In general, total imports indicated a notable expansion 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 2018 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest static converter supplier to Chile, with a X% share of total imports. Moreover, static converter imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by Portugal (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Portugal (X% per year).

In value terms, China ($X) constituted the largest supplier of static converters to Chile, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average static converter import price amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Brazil ($X per unit), while the price for Hong Kong SAR ($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 prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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