Argentina: Static Converter Market 2024

Static Converter Market Size in Argentina

In 2021, after two years of decline, there was significant growth in the Argentinian static converter market, when its value increased by 39% to $X. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Static Converter Exports

Exports from Argentina

In 2021, overseas shipments of static converters decreased by -51.8% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports showed a deep slump. The pace of growth was the most pronounced in 2016 when exports increased by 125%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, static converter exports plummeted to $X in 2021. In general, exports faced a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 38%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X units), Brazil (X units) and the United States (X units) were the main destinations of static converter exports from Argentina, with a combined 65% share of total exports. These countries were followed by Uruguay, Paraguay, Colombia and Bolivia, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +11.4%), while the other leaders experienced a decline.

In value terms, the largest markets for static converter exported from Argentina were the United States ($X), Chile ($X) and Brazil ($X), with a combined 69% share of total exports.

Chile, with a CAGR of -0.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average static converter export price amounted to $X per unit, picking up by 64% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Static Converter Imports

Imports into Argentina

In 2021, imports of static converters into Argentina surged to X units, jumping by 15% on 2020 figures. In general, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 43%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, static converter imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of static converter to Argentina, with a 40% share of total imports. Moreover, static converter imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. The third position in this ranking was taken by Thailand (X units), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+85.6% per year) and Thailand (+11.0% per year).

In value terms, China ($X) constituted the largest supplier of static converters to Argentina, comprising 66% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 7.5% share of total imports. It was followed by Brazil, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+114.4% per year) and Brazil (-9.4% per year).

Import Prices by Country

In 2021, the average static converter import price amounted to $X per unit, picking up by 28% against the previous year. Overall, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 38%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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