Israel: Static Converter Market 2025

Static Converter Market Size in Israel

After four years of growth, the Israeli static converter market decreased by -11.5% to $X in 2021. In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 +51.0% against 2016 indices. Static converter consumption peaked at $X in 2020, and then contracted in the following year.

Static Converter Exports

Exports from Israel

Static converter exports from Israel surged to X units in 2021, with an increase of 52% against the previous year's figure. In general, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by 59%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, static converter exports skyrocketed to $X in 2021. Overall, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for static converter exports from Israel, with a 53% share of total exports. Moreover, static converter exports to the United States exceeded the volume sent to the second major destination, China (X units), fourfold. The third position in this ranking was held by the Netherlands (X units), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+24.3% per year) and the Netherlands (+24.0% per year).

In value terms, the United States ($X) remains the key foreign market for static converters exports from Israel, comprising 52% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+26.9% per year) and the Netherlands (+26.7% per year).

Export Prices by Country

In 2021, the average static converter export price amounted to $X per unit, picking up by 9.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Slovenia ($X per unit) and India ($X per unit), while the average price for exports to Singapore ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Static Converter Imports

Imports into Israel

In 2021, purchases abroad of static converters increased by 14% to X units, rising for the sixth year in a row after two years of decline. Overall, total imports indicated a resilient expansion 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. Based on 2021 figures, imports increased by +56.1% against 2015 indices. 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. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.1% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest static converter supplier to Israel, accounting for a 52% share of total imports. Moreover, static converter imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Germany (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.1% per year) and Germany (-0.1% per year).

In value terms, China ($X) constituted the largest supplier of static converters to Israel, comprising 51% of total imports. The second position in the ranking was held by the United States ($X), with a 10% share of total imports. It was followed by Germany, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.3% per year) and Germany (+1.4% per year).

Import Prices by Country

In 2021, the average static converter import price amounted to $X per unit, picking up by 6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 8.7% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Vietnam ($X per unit) and the United States ($X per unit), while the price for France ($X per unit) and Italy ($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 United States (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :