Kazakhstan: Static Converter Market 2024

Static Converter Market Size in Kazakhstan

In 2021, the Kazakh static converter market increased by 96% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a significant increase. Static converter consumption peaked in 2021 and is likely to see steady growth in the near future.

Static Converter Exports

Exports from Kazakhstan

In 2021, after two years of decline, there was significant growth in shipments abroad of static converters, when their volume increased by 71% to X units. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 2,215%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, static converter exports declined markedly to $X in 2021. Over the period under review, exports saw a perceptible expansion. The growth pace was the most rapid in 2015 when exports increased by 134%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kyrgyzstan (X units) was the main destination for static converter exports from Kazakhstan, with a 7.1% share of total exports. Moreover, static converter exports to Kyrgyzstan exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was held by Uzbekistan (X units), with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kyrgyzstan stood at +86.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+75.8% per year) and Uzbekistan (+51.4% per year).

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for static converters exports from Kazakhstan, comprising 27% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with an 11% share of total exports. It was followed by Belarus, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Kyrgyzstan stood at +339.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+131.7% per year) and Belarus (+263.1% per year).

Export Prices by Country

In 2021, the average static converter export price amounted to $X per unit, with a decrease of -56% against the previous year. Overall, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2019 when the average export price increased by 193%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to the Netherlands ($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 Uzbekistan (+53.1%), while the prices for the other major destinations experienced more modest paces of growth.

Static Converter Imports

Imports into Kazakhstan

In 2021, supplies from abroad of static converters was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 576% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, static converter imports expanded significantly to $X in 2021. In general, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 56%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of static converter to Kazakhstan, with a 47% share of total imports. It was followed by Turkey (X units), with a 0.8% share of total imports. Germany (X units) ranked third in terms of total imports with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-8.4% per year) and Germany (-29.4% per year).

In value terms, China ($X) constituted the largest supplier of static converters to Kazakhstan, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 1.4% share of total imports. It was followed by Turkey, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.1% per year) and Turkey (-1.7% per year).

Import Prices by Country

In 2021, the average static converter import price amounted to $X per unit, declining by -43.5% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 an increase of 82% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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