Australia and Oceania: Static Converter Market 2024

Static Converter Exports

Exports in Australia and Oceania

In 2021, exports of static converters in Australia and Oceania skyrocketed to X units, picking up by 33% on the previous year. Total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 69%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, static converter exports skyrocketed to $X in 2021. In general, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia represented the key exporter of static converters in Australia and Oceania, with the volume of exports accounting for X units, which was near 64% of total exports in 2021. It was distantly followed by New Zealand (X units), committing a 35% share of total exports.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +19.4%).

In value terms, the largest static converter supplying countries in Australia and Oceania were New Zealand ($X) and Australia ($X).

In terms of the main exporting countries, New Zealand, with a CAGR of +18.3%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, with an increase of 32% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, static converter export price increased by +86.0% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the export price increased by 46% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+9.4%).

Static Converter Imports

Imports in Australia and Oceania

In 2021, the amount of static converters imported in Australia and Oceania surged to X units, growing by 18% compared with the previous year. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +39.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 19% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, static converter imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +101.3% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 33%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, Australia (X units) was the main importer of static converters, making up 80% of total imports. It was distantly followed by New Zealand (X units), generating a 13% share of total imports. Guam (X units) took a relatively small share of total imports.

Imports into Australia increased at an average annual rate of +7.8% from 2012 to 2021. At the same time, Guam (+54.9%) and New Zealand (+5.9%) displayed positive paces of growth. Moreover, Guam emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +54.9% from 2012-2021. Australia (+3.5 p.p.) and Guam (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -1.6% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported static converters in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 9.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled +4.8%. In the other countries, the average annual rates were as follows: New Zealand (+9.1% per year) and Guam (+41.3% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, approximately mirroring the previous year. Overall, the import price, however, saw a mild descent. The pace of growth was the most pronounced in 2017 when the import price increased by 20%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while Guam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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