Italy: Static Converter Market 2024

Static Converter Market Size in Italy

The Italian static converter market contracted rapidly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Static Converter Production in Italy

In value terms, static converter production soared to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Static Converter Exports

Exports from Italy

In 2022, shipments abroad of static converters increased by X% to X units, rising for the fifth consecutive year after four years of decline. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, static converter exports soared to $X in 2022. Over the period under review, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Germany (X units) and France (X units) were the main destinations of static converter exports from Italy, together comprising X% of total exports. Spain, the UK, Australia, the Netherlands, Switzerland, Canada, Belgium, China, Austria and Poland lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Germany ($X) and France ($X) constituted the largest markets for static converter exported from Italy worldwide, together comprising X% of total exports. The UK, Spain, Australia, China, the Netherlands, Switzerland, Belgium, Poland, Austria and Canada lagged somewhat behind, together comprising a further X%.

Canada, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average static converter export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price showed a slight downturn. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

Static Converter Imports

Imports into Italy

In 2022, static converter imports into Italy surged to X units, growing by X% against the year before. Over the period under review, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, static converter imports skyrocketed to $X in 2022. In general, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of static converter imports to Italy, with a combined X% share of total imports. France, Thailand, Austria, Poland, Spain, the Czech Republic, Finland and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Germany ($X) and the Netherlands ($X) were the largest static converter suppliers to Italy, together accounting for X% of total imports. Thailand, Austria, Poland, France, Finland, the United States, Spain and the Czech Republic lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average static converter import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price saw prominent growth. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 the United States ($X per unit), while the price for the Czech Republic ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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