Peru: Static Converter Market 2024

Static Converter Market Size in Peru

The Peruvian static converter market fell to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Static converter consumption peaked at $X in 2021, and then reduced in the following year.

Static Converter Exports

Exports from Peru

In 2022, the amount of static converters exported from Peru surged to X units, increasing by X% compared with 2021. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, static converter exports surged to $X in 2022. In general, exports posted a temperate increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Bolivia (X units), Ecuador (X units) and Chile (X units) were the main destinations of static converter exports from Peru, with a combined X% share of total exports. Colombia, the United States, Honduras and Venezuela lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for static converter exported from Peru were Ecuador ($X), Chile ($X) and the United States ($X), with a combined X% share of total exports. Bolivia, Colombia, Venezuela and Honduras lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Honduras, with a CAGR of X%, saw the highest growth rate of 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

The average static converter export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Honduras ($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 Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Static Converter Imports

Imports into Peru

After five years of growth, supplies from abroad of static converters decreased by X% to X units in 2022. Overall, total imports indicated a noticeable expansion 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 pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, static converter imports reduced to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of static converter to Peru, accounting for a X% share of total imports. Moreover, static converter imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The United States (X units) ranked third in terms of total imports 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: India (X% per year) and the United States (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value 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 Finland (X% per year).

Import Prices by Country

The average static converter import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 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 China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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