Italy: Static Converter Market 2025

Static Converter Market Size in Italy

In 2021, the Italian static converter market increased by 31% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Static Converter Production in Italy

In value terms, static converter production dropped dramatically to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 24%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Static Converter Exports

Exports from Italy

In 2021, the amount of static converters exported from Italy expanded markedly to X units, increasing by 7.1% on the previous year's figure. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 220% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, static converter exports skyrocketed to $X in 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +103.8% against 2016 indices. 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 Italy, with a 7% share of total exports. Moreover, static converter exports to Germany exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+33.3% per year) and the Netherlands (+45.0% per year).

In value terms, Germany ($X) remains the key foreign market for static converters exports from Italy, comprising 15% of total exports. The second position in the ranking was held by the UK ($X), with a 6.1% share of total exports. It was followed by the Netherlands, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+0.9% per year) and the Netherlands (+8.8% per year).

Export Prices by Country

In 2021, the average static converter export price amounted to $X per unit, growing by 17% against the previous year. Overall, the export price, however, continues to indicate a significant curtailment. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while the average price for exports to the Czech Republic ($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 Australia (-22.7%), while the prices for the other major destinations experienced a decline.

Static Converter Imports

Imports into Italy

In 2021, supplies from abroad of static converters increased by 48% to X units, rising for the third year in a row after three years of decline. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 166%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, static converter imports soared to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 +99.3% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of static converter to Italy, accounting for a 33% share of total imports. Moreover, static converter imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.3% per year) and the Netherlands (+33.5% per year).

In value terms, Germany ($X), China ($X) and the Netherlands ($X) constituted the largest static converter suppliers to Italy, together accounting for 64% of total imports.

China, with a CAGR of +12.3%, recorded the highest growth rate of the value of imports, among the main suppliers 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, shrinking by -2.6% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 33%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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