Scandinavia: Static Converter Market 2025

Static Converter Market Size in Scandinavia

In 2021, after two years of decline, there was significant growth in the Scandinavia static converter market, when its value increased by 40% to $X. In general, consumption showed a notable increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Static Converter Production in Scandinavia

In value terms, static converter production declined remarkably to $X in 2021 estimated in export price. The total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 32%. As a result, production reached the peak level of $X, and then dropped notably in the following year.

Static Converter Exports

Exports in Scandinavia

In 2021, overseas shipments of static converters increased by 4% to X units, rising for the fourth year in a row after three years of decline. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 98%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, static converter exports rose rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a slight reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Finland (X units), Denmark (X units) and Sweden (X units) was the main exporter of static converters in Scandinavia, making up 100% of total export.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +25.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Finland ($X), Denmark ($X) and Sweden ($X) constituted the countries with the highest levels of exports in 2021, with a combined 91% share of total exports.

Sweden, with a CAGR of -0.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, rising by 9.9% against the previous year. In general, the export price, however, recorded a mild reduction. The pace of growth was the most pronounced in 2017 an increase of 98% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.4%), while the other leaders experienced a decline in the export price figures.

Static Converter Imports

Imports in Scandinavia

In 2021, approx. X units of static converters were imported in Scandinavia; increasing by 9% against the previous year's figure. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 167% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, static converter imports surged to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.8% 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 +85.9% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units) and Denmark (X units) were the major importers of static converters in 2021, reaching approx. 48% and 33% of total imports, respectively. It was distantly followed by Finland (X units), mixing up a 16% share of total imports. Norway (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +33.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest static converter importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), together accounting for 84% of total imports.

Among the main importing countries, Sweden, with a CAGR of +9.4%, recorded the highest rates of growth with regard to 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

The import price in Scandinavia stood at $X per unit in 2021, picking up by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2013 an increase of 142% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+7.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform