Brazil: Static Converter Market 2024

Static Converter Market Size in Brazil

In 2021, the Brazilian static converter market increased by 25% to $X, rising for the fifth year in a row after two years of decline. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +98.1% against 2016 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Static Converter Production in Brazil

In value terms, static converter production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production showed a mild decline. The pace of growth appeared the most rapid in 2013 with an increase of 11% against the previous year. Static converter production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Static Converter Exports

Exports from Brazil

In 2021, shipments abroad of static converters increased by 23% to X units, rising for the third year in a row after two years of decline. In general, exports, however, showed a pronounced descent. The pace of growth was the most pronounced in 2020 when exports increased by 60%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, static converter exports expanded significantly to $X in 2021. Over the period under review, exports, however, recorded a pronounced slump. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for static converter exports from Brazil, with a 40% share of total exports. Moreover, static converter exports to the United States exceeded the volume sent to the second major destination, Argentina (X units), fivefold. China (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-9.9% per year) and China (-19.8% per year).

In value terms, the United States ($X), Chile ($X) and Argentina ($X) constituted the largest markets for static converter exported from Brazil worldwide, with a combined 33% share of total exports. These countries were followed by South Africa, Saint Lucia, Colombia, China, Mexico, Paraguay, the United Arab Emirates, Egypt, Hong Kong SAR and South Korea, which together accounted for a further 31%.

Among the main countries of destination, Egypt, with a CAGR of +185.3%, recorded 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

In 2021, the average static converter export price amounted to $X per unit, waning by -13% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 92% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was South Africa ($X per unit), while the average price for exports to South Korea ($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 China (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Static Converter Imports

Imports into Brazil

In 2021, approx. X units of static converters were imported into Brazil; increasing by 41% on the previous year's figure. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, static converter imports skyrocketed to $X in 2021. Over the period under review, imports saw a resilient expansion. 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 Brazil, with a 57% share of total imports. Moreover, static converter imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. Thailand (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-6.4% per year) and Thailand (+11.5% per year).

In value terms, China ($X) constituted the largest supplier of static converters to Brazil, comprising 75% of total imports. The second position in the ranking was held by Japan ($X), with a 3.3% share of total imports. It was followed by Germany, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+12.7% per year) and Germany (-4.0% per year).

Import Prices by Country

The average static converter import price stood at $X per unit in 2021, growing by 3.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 34% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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