Report Update Mar 1, 2026

Vietnam - Static Converters - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Vietnam: Static Converter Market 2026

Static Converter Market Size in Vietnam

The Vietnamese static converter market contracted slightly to $X in 2025, almost unchanged from 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). Overall, consumption enjoyed a tangible increase. Static converter consumption peaked at $X in 2020; however, from 2021 to 2025, consumption remained at a lower figure.

Static Converter Exports

Exports from Vietnam

In 2025, static converter exports from Vietnam soared to X units, with an increase of X% against 2023. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2022; however, from 2023 to 2025, the exports failed to regain momentum.

In value terms, static converter exports expanded notably to $X in 2025. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2025, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for static converter exports from Vietnam, 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, China (X units), threefold. Mexico (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2025, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Mexico (X% per year).

In value terms, the United States ($X) remains the key foreign market for static converters exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2025, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

Export Prices by Country

The average static converter export price stood at $X per unit in 2025, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2023 when the average export price increased by X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2025, 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 Canada ($X per unit), while the average price for exports to Switzerland ($X per thousand units) was amongst the lowest.

From 2012 to 2025, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced a decline.

Static Converter Imports

Imports into Vietnam

In 2025, approx. X units of static converters were imported into Vietnam; rising by X% against the year before. Overall, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2022; however, from 2023 to 2025, imports stood at a somewhat lower figure.

In value terms, static converter imports totaled $X in 2025. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2025, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Thailand (X units) and Hong Kong SAR (X units) were the main suppliers of static converter imports to Vietnam, together comprising X% of total imports.

From 2012 to 2025, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of static converters to Vietnam, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2025, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Thailand (X% per year).

Import Prices by Country

The average static converter import price stood at $X per unit in 2025, reducing by X% against the previous year. Overall, the import price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2025, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2025, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for Thailand ($X per thousand units) was amongst the lowest.

From 2012 to 2025, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Frequently Asked Questions (FAQ) :

What are the largest markets for static converters in the world?

The countries with the highest volumes of consumption in 2024 were China, India and Germany, with a combined 41% share of global consumption. The United States, the UK, Brazil, Mexico, Japan, Vietnam and Indonesia lagged somewhat behind, together comprising a further 30%.

What are the largest producers of static converters in the world?

The country with the largest volume of static converter production was China, accounting for 73% of total volume. Moreover, static converter production in China exceeded the figures recorded by the second-largest producer, Germany, ninefold. The third position in this ranking was taken by Hong Kong SAR, with a 1.8% share.

What are the leading suppliers of static converters to Vietnam?

In value terms, China constituted the largest supplier of static converters to Vietnam, comprising 67% of total imports. The second position in the ranking was taken by Hong Kong SAR, with a 15% share of total imports. It was followed by Thailand, with a 3.9% share.

What are the leading importers of static converters from Vietnam?

In value terms, the United States remains the key foreign market for static converters exports from Vietnam, comprising 50% of total exports. The second position in the ranking was held by China, with a 6.7% share of total exports. It was followed by South Korea, with a 5.5% share.

What is the average export price for static converters in Vietnam?

In 2024, the average static converter export price amounted to $9.6 per unit, with a decrease of -26% against the previous year. Overall, the export price faced a abrupt shrinkage. The pace of growth was the most pronounced in 2023 an increase of 64% against the previous year. Over the period under review, the average export prices reached the maximum at $189 per unit in 2016; however, from 2017 to 2024, the export prices stood at a somewhat lower figure.

What is the average import price for static converters in Vietnam?

In 2024, the average static converter import price amounted to $2.8 per unit, waning by -23.5% against the previous year. In general, the import price saw a noticeable contraction. The growth pace was the most rapid in 2016 an increase of 132%. As a result, import price reached the peak level of $14 per unit. From 2017 to 2024, the average import prices remained at a somewhat lower figure.

This report provides a comprehensive view of the static converter industry in Vietnam, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.

Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the static converter landscape in Vietnam.

Key findings

Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
Supply depends on input availability and production efficiency, creating a distinct national cost curve.
Market concentration varies by segment, creating different competitive landscapes and entry barriers.
The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.

Report scope

The report combines market sizing with trade intelligence and price analytics for Vietnam. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.

Market size and growth in value and volume terms
Consumption structure by end-use segments
Production capacity, output, and cost dynamics
Trade flows, exporters, importers, and balances
Price benchmarks, unit values, and margin signals
Competitive context and market entry conditions

Product coverage

Prodcom 27115030 - Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)
Prodcom 27115033 - Accumulator chargers
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 - Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)
Prodcom 27904140 - Power supply units for telecommunication apparatus, automatic data-processing machines and units thereof
Prodcom 27904153 - Inverters having a power handling capacity u2264 7,5 kVA
Prodcom 27904155 - Inverters having a power handling capacity > 7,5 kVA
Prodcom 27904170 - Static converters (excluding polycrystalline semiconductors, converters specially designed for welding, without welding equipment, accumulator chargers, rectifiers, inverters)
Prodcom 27904190 - Parts of static converters, n.e.c. (excl. electronic assemblies of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)

Country coverage

Vietnam

Country profile and benchmarks

This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for Vietnam. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.

Methodology

The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.

International trade data (exports, imports, and mirror statistics)
National production and consumption statistics
Company-level information from financial filings and public releases
Price series and unit value benchmarks
Analyst review, outlier checks, and time-series validation

All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.

Forecasts to 2035

The forecast horizon extends to 2035 and is based on a structured model that links static converter demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in Vietnam.

Historical baseline: 2012-2025
Forecast horizon: 2026-2035
Scenario-based sensitivity to income growth, substitution, and regulation
Capacity and investment outlook for major producing companies

Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.

Price analysis and trade dynamics

Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.

Price benchmarks by country and sub-region
Export and import unit value trends
Seasonality and calendar effects in trade flows
Price outlook to 2035 under baseline assumptions

Profiles of market participants

Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.

Business focus and production capabilities
Geographic reach and distribution networks
Cost structure and pricing strategy indicators
Compliance, certification, and sustainability context

How to use this report

Quantify domestic demand and identify the most attractive segments
Evaluate export opportunities and prioritize target destinations
Track price dynamics and protect margins
Benchmark performance against leading competitors
Build evidence-based forecasts for investment decisions

This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of static converter dynamics in Vietnam.

FAQ

What is included in the static converter market in Vietnam?

The market size aggregates consumption and trade data, presented in both value and volume terms.

How are the forecasts to 2035 built?

The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.

Does the report cover prices and margins?

Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.

Which benchmarks are included?

The report benchmarks market size, trade balance, prices, and per-capita indicators for Vietnam.

Can this report support market entry decisions?

Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND THE AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and its Prospects
1. MARKET SIZE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
2. MARKET STRUCTURE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
3. TRADE BALANCE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
5. MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

Finding New Products to Diversify Your Business
- This Chapter is Available Only for the Professional EditionPRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCTS
4. MOST TRADED PRODUCTS
5. MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
- This Chapter is Available Only for the Professional EditionPRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Export
- This Chapter is Available Only for the Professional EditionPRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
8. IMPORTS

The Largest Import Supplying Countries
1. IMPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2025)
3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025)
9. EXPORTS

The Largest Destinations for Exports
1. EXPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2025)
3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025)
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
- This Chapter is Available Only for the Professional EditionPRO
LIST OF TABLES
1. Key Findings In 2025
2. Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
3. Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
4. Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
5. Imports, In Physical Terms, By Country, 2012–2025
6. Imports, In Value Terms, By Country, 2012–2025
7. Import Prices, By Country, 2012–2025
8. Exports, In Physical Terms, By Country, 2012–2025
9. Exports, In Value Terms, By Country, 2012–2025
10. Export Prices, By Country, 2012–2025
LIST OF FIGURES
1. Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
2. Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
5. Trade Balance, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
6. Trade Balance, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
7. Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
8. Market Volume Forecast to 2035
9. Market Value Forecast to 2035
10. Market Size and Growth, By Product
11. Average Per Capita Consumption, By Product
12. Exports and Growth, By Product
13. Export Prices and Growth, By Product
14. Production Volume and Growth
15. Exports and Growth
16. Export Prices and Growth
17. Market Size and Growth
18. Per Capita Consumption
19. Imports and Growth
20. Import Prices
21. Production, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
22. Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
23. Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
24. Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
25. Imports, In Physical Terms, By Country, 2025
26. Imports, In Physical Terms, By Country, 2012–2025
27. Imports, In Value Terms, By Country, 2012–2025
28. Import Prices, By Country, 2012–2025
29. Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
30. Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
31. Exports, In Physical Terms, By Country, 2025
32. Exports, In Physical Terms, By Country, 2012–2025
33. Exports, In Value Terms, By Country, 2012–2025
34. Export Prices, By Country, 2012–2025

Jan 5, 2026

Bac Ninh's Transformation: From Rice Fields to High-Tech Hub

This article details the rapid industrial transformation of Bac Ninh, Vietnam, from its agricultural roots into a major global manufacturing center, fueled by shifting supply chains and significant foreign investment, and its current challenges and ambitions in high-tech sectors.

G2 reviews

Teams rate IndexBox on G2

Verified reviewers highlight faster qualification, clearer collaboration, and stronger bid readiness.

High Performer

Regional Grid

High Performer Small-Business

Grid Report

Leader Small-Business

Grid Report

High Performer Mid-Market

Grid Report

Leader

Grid Report

Users Love Us

Milestone badge

★ ★ ★ ★ ★

5/5

Great for Market Insights and Analysis

“IndexBox is a solid source for trade and industrial market data — what I like best about it is how it aggregates official statistics.”