EU: Static Converter Market 2024

Static Converter Market Size in the EU

In 2022, the EU static converter market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a pronounced 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, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Static Converter Production in the EU

In value terms, static converter production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced decrease. The growth pace was the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Static Converter Exports

Exports in the EU

In 2022, shipments abroad of static converters increased by X% to X units, rising for the sixth consecutive year after four years of decline. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, static converter exports surged to $X in 2022. In general, exports showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, the Netherlands (X units), distantly followed by Germany (X units), Italy (X units), Spain (X units), Austria (X units) and Poland (X units) were the largest exporters of static converters, together mixing up X% of total exports. France (X units), Hungary (X units), the Czech Republic (X units), Finland (X units), Slovakia (X units), Belgium (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest static converter supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined X% share of total exports. Austria, Hungary, the Czech Republic, Poland, France, Spain, Finland, Slovakia, Denmark and Belgium lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Spain ($X per unit) was amongst the lowest.

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

Static Converter Imports

Imports in the EU

In 2022, purchases abroad of static converters increased by X% to X units, rising for the third consecutive year after three years of decline. Total imports indicated a moderate 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 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, static converter imports surged to $X in 2022. Over the period under review, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands represented the key importer of static converters in the European Union, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Germany (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), France (X%) and Spain (X%). The following importers - Poland (X units), Hungary (X units), Belgium (X units), the Czech Republic (X units), Austria (X units) and Sweden (X units) - together made up X% of total imports.

The Netherlands was also the fastest-growing in terms of the static converters imports, with a CAGR of X% from 2012 to 2022. At the same time, Austria (X%), Germany (X%), Spain (X%) and Belgium (X%) displayed positive paces of growth. By contrast, Hungary (X%), Poland (X%), Italy (X%), Sweden (X%), France (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Germany (X p.p.) and Spain (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (X p.p.), Hungary (X p.p.), Poland (X p.p.), the Czech Republic (X p.p.), Italy (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, reducing by X% against the previous year. In general, the import price, however, saw a strong increase. The growth pace was the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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