Czech Republic: Static Converter Market 2025

Static Converter Market Size in the Czech Republic

The Czech static converter market skyrocketed to $X in 2021, jumping by 21% against the previous year. Over the period under review, consumption saw a prominent increase. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the immediate term.

Static Converter Production in the Czech Republic

In value terms, static converter production rose significantly to $X in 2021 estimated in export price. In general, production posted a mild increase. The growth pace was the most rapid in 2016 when the production volume increased by 145% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Static Converter Exports

Exports from the Czech Republic

In 2021, the amount of static converters exported from the Czech Republic skyrocketed to X units, jumping by 41% against 2020. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 520%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, static converter exports surged to $X in 2021. Over the period under review, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for static converter exports from the Czech Republic, accounting for a 42% share of total exports. Moreover, static converter exports to Germany exceeded the volume sent to the second major destination, Poland (X units), threefold. Hungary (X units) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+43.9% per year) and Hungary (+52.9% per year).

In value terms, Germany ($X) remains the key foreign market for static converters exports from the Czech Republic, comprising 44% of total exports. The second position in the ranking was held by Poland ($X), with a 13% share of total exports. It was followed by Hungary, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+27.5% per year) and Hungary (+35.0% per year).

Export Prices by Country

The average static converter export price stood at $X per unit in 2021, surging by 7.5% against the previous year. Overall, the export price, however, faced a deep contraction. The most prominent rate of growth was recorded in 2020 an increase of 60%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Austria ($X per unit), while the average price for exports to France ($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 Slovakia (-8.3%), while the prices for the other major destinations experienced a decline.

Static Converter Imports

Imports into the Czech Republic

In 2021, purchases abroad of static converters increased by 29% to X units, rising for the seventh consecutive year after two years of decline. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 130% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

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

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of static converter imports to the Czech Republic, with a combined 52% share of total imports. These countries were followed by Hong Kong SAR, Ireland, Slovakia, South Korea, Poland, Vietnam, Hungary, Italy, Austria and Thailand, which together accounted for a further 30%.

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 +235.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Germany ($X) were the largest static converter suppliers to the Czech Republic, together accounting for 58% of total imports. These countries were followed by Hong Kong SAR, South Korea, Ireland, Vietnam, Hungary, Austria, Italy, Poland, Thailand and Slovakia, which together accounted for a further 31%.

Vietnam, with a CAGR of +184.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average static converter import price amounted to $X per unit, increasing by 17% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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