Spain: Static Converter Market 2024

Static Converter Market Size in Spain

In 2021, the Spanish static converter market decreased by -26% to $X, falling for the fifth year in a row after three years of growth. In general, consumption showed a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Static Converter Production in Spain

In value terms, static converter production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 91% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Static Converter Exports

Exports from Spain

In 2021, the amount of static converters exported from Spain expanded remarkably to X units, growing by 6.6% on 2020 figures. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 111%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, static converter exports expanded markedly to $X in 2021. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 77% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for static converter exports from Spain, accounting for a 63% share of total exports. Moreover, static converter exports to the United States exceeded the volume sent to the second major destination, Australia (X units), ninefold. The third position in this ranking was held by Chile (X units), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +59.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+76.2% per year) and Chile (+39.2% per year).

In value terms, the United States ($X) remains the key foreign market for static converters exports from Spain, comprising 42% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.8% share of total exports. It was followed by France, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +39.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.3% per year) and France (+14.3% per year).

Export Prices by Country

In 2021, the average static converter export price amounted to $X per unit, increasing by 7.6% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 16%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($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 Italy (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Static Converter Imports

Imports into Spain

In 2021, static converter imports into Spain expanded markedly to X units, increasing by 9.5% compared with 2020. Overall, imports posted a pronounced increase. The pace of growth was the most pronounced in 2014 when imports increased by 123% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, static converter imports surged to $X in 2021. In general, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of static converter imports to Spain, together accounting for 64% of total imports. These countries were followed by the Netherlands, France, Austria, Poland, the Czech Republic, India and Finland, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +44.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) were the largest static converter suppliers to Spain, together accounting for 59% of total imports. France, Italy, Poland, Austria, the Czech Republic, India and Finland lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Poland, with a CAGR of +48.2%, 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

The average static converter import price stood at $X per unit in 2021, picking up by 21% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 253% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Italy ($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 (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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