Belgium: Static Converter Market 2025

Static Converter Market Size in Belgium

For the eighth year in a row, the Belgian static converter market recorded growth in sales value, which increased by 17% to $X in 2021. Over the period under review, consumption posted strong growth. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Static Converter Production in Belgium

In value terms, static converter production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 61%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Static Converter Exports

Exports from Belgium

In 2021, overseas shipments of static converters increased by 25% to X units, rising for the sixth consecutive year after three years of decline. Overall, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 104% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, static converter exports soared to $X in 2021. In general, exports posted perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), the Netherlands (X units) and France (X units) were the main destinations of static converter exports from Belgium, together comprising 60% of total exports. Italy, Hungary, Luxembourg, the UK, Poland, Sweden and Spain lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +55.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for static converter exported from Belgium were Germany ($X), France ($X) and the Netherlands ($X), together accounting for 48% of total exports. The UK, Italy, Sweden, Poland, Spain, Hungary and Luxembourg lagged somewhat behind, together accounting for a further 23%.

Hungary, with a CAGR of +35.2%, saw the highest growth rate of 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

The average static converter export price stood at $X per unit in 2021, flattening at the previous year. Over the period under review, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 34% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Luxembourg ($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 France (-4.9%), while the prices for the other major destinations experienced a decline.

Static Converter Imports

Imports into Belgium

For the eighth consecutive year, Belgium recorded growth in supplies from abroad of static converters, which increased by 19% to X units in 2021. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 63%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, static converter imports soared to $X in 2021. Over the period under review, imports showed a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of static converter imports to Belgium, together accounting for 72% of total imports. France, Italy, Ireland and the UK lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +38.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest static converter suppliers to Belgium, together accounting for 71% of total imports. These countries were followed by Italy, Ireland, France and the UK, which together accounted for a further 13%.

Among the main suppliers, Ireland, with a CAGR of +10.8%, recorded the highest rates of growth with regard to the value of imports, 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 2021, surging by 5.5% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of 44% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Ireland ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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