Canada: Static Converter Market 2025

Static Converter Market Size in Canada

The Canadian static converter market soared to $X in 2021, with an increase of 19% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 +38.9% against 2013 indices. Static converter consumption peaked in 2021 and is expected to retain growth in the immediate term.

Static Converter Production in Canada

In value terms, static converter production contracted modestly to $X in 2021 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +79.1% against 2014 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 54%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Static Converter Exports

Exports from Canada

Static converter exports from Canada contracted to X units in 2021, with a decrease of -7.5% against the previous year. Overall, exports showed a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 6.8% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, static converter exports expanded significantly to $X in 2021. In general, exports showed a noticeable curtailment. The growth pace was the most rapid in 2017 when exports increased by 8.5% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for static converter exports from Canada, accounting for a 78% share of total exports. Moreover, static converter exports to the United States exceeded the volume sent to the second major destination, China (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-3.5% per year) and Kuwait (+43.8% per year).

In value terms, the United States ($X) remains the key foreign market for static converters exports from Canada, comprising 78% of total exports. The second position in the ranking was held by China ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-1.4% per year) and Kuwait (+46.9% per year).

Export Prices by Country

The average static converter export price stood at $X per unit in 2021, surging by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Kuwait ($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 Kuwait (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Static Converter Imports

Imports into Canada

In 2021, static converter imports into Canada expanded significantly to X units, picking up by 11% on 2020. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 13%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, static converter imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Japan (X units) were the main suppliers of static converter imports to Canada, with a combined 66% share of total imports. Mexico, the Philippines, Taiwan (Chinese), Vietnam, Thailand, Germany and Italy lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +92.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Japan ($X) appeared to be the largest static converter suppliers to Canada, together comprising 66% of total imports. Mexico, the Philippines, Taiwan (Chinese), Vietnam, Thailand, Germany and Italy lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Vietnam, with a CAGR of +95.6%, recorded the highest growth rate of 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, growing by 7.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the Philippines ($X per unit) and Vietnam ($X per unit), while the price for Thailand ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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