Eastern Asia: Static Converter Market 2025

Static Converter Market Size in Eastern Asia

The East Asian static converter market contracted remarkably to $X in 2021, shrinking by -39.2% against the previous year. Overall, consumption showed a slight decline. The level of consumption peaked at $X in 2020, and then fell rapidly in the following year.

Static Converter Production in Eastern Asia

In value terms, static converter production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 12%. The level of production peaked at $X in 2020, and then reduced in the following year.

Static Converter Exports

Exports in Eastern Asia

In 2021, approx. X units of static converters were exported in Eastern Asia; rising by 24% compared with the previous year. Total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +19.9% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 71%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, static converter exports surged to $X in 2021. The total export value increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) represented the key exporter of static converters, committing 76% of total exports. It was distantly followed by Hong Kong SAR (X units), committing a 17% share of total exports. The following exporters - Japan (X units) and Taiwan (Chinese) (X units) - each accounted for a 5.6% share of total exports.

Exports from China increased at an average annual rate of +5.7% from 2012 to 2021. At the same time, Taiwan (Chinese) (+6.0%) and Japan (+5.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +6.0% from 2012-2021. Hong Kong SAR experienced a relatively flat trend pattern. China (+9.6 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -8.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest static converter supplier in Eastern Asia, comprising 72% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 14% share of total exports. It was followed by Japan, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +6.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+0.2% per year) and Japan (+4.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, rising by 3.9% against the previous year. Export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.1% 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 +19.6% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 55% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($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 (+1.0%), while the other leaders experienced more modest paces of growth.

Static Converter Imports

Imports in Eastern Asia

In 2021, supplies from abroad of static converters increased by 14% to X units, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 18%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, static converter imports soared to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Hong Kong SAR was the major importer of static converters in Eastern Asia, with the volume of imports amounting to X units, which was approx. 54% of total imports in 2021. China (X units) ranks second in terms of the total imports with a 22% share, followed by Japan (11%), Taiwan (Chinese) (7.3%) and South Korea (5.8%).

From 2012 to 2021, average annual rates of growth with regard to static converter imports into Hong Kong SAR stood at +1.8%. At the same time, Taiwan (Chinese) (+5.2%), China (+4.5%) and Japan (+2.1%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +5.2% from 2012-2021. By contrast, South Korea (-2.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Taiwan (Chinese) increased by +3.9 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Hong Kong SAR ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, together comprising 79% of total imports. These countries were followed by South Korea and Taiwan (Chinese), which together accounted for a further 21%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +7.7%, 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

In 2021, the import price in Eastern Asia amounted to $X per unit, surging by 5.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 14%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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