Switzerland: Static Converter Market 2024

Static Converter Market Size in Switzerland

In 2021, the Swiss static converter market increased by 25% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Static Converter Production in Switzerland

In value terms, static converter production plummeted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt setback. The growth pace was the most rapid in 2020 when the production volume increased by 202%. Static converter production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Static Converter Exports

Exports from Switzerland

After two years of decline, shipments abroad of static converters increased by 29% to X units in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, static converter exports expanded rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a mild curtailment. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), the United States (X units) and the Netherlands (X units) were the main destinations of static converter exports from Switzerland, together accounting for 43% of total exports. The UK, Hong Kong SAR, Poland, Russia, the Czech Republic, China, Austria, France, Belgium and Italy lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +59.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) were the largest markets for static converter exported from Switzerland worldwide, together accounting for 35% of total exports. These countries were followed by Poland, Italy, the UK, the Netherlands, Austria, France, Russia, the Czech Republic, Belgium and Hong Kong SAR, which together accounted for a further 31%.

Among the main countries of destination, Belgium, with a CAGR of +21.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average static converter export price amounted to $X per unit, declining by -13.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 13%. Over the period under review, the average export prices reached the maximum 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 Italy ($X per unit), while the average price for exports to Hong Kong SAR ($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 (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Static Converter Imports

Imports into Switzerland

In 2021, overseas purchases of static converters increased by 47% to X units for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, static converter imports soared to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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) was the main static converter supplier to Switzerland, accounting for a 107% share of total imports. Moreover, static converter imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+19.9% per year) and Taiwan (Chinese) (+11.3% per year).

In value terms, Germany ($X), China ($X) and Taiwan (Chinese) ($X) were the largest static converter suppliers to Switzerland, with a combined 57% share of total imports. These countries were followed by Italy, Austria, Finland, Poland, Sweden, the Philippines, Israel, Hungary, Vietnam and Hong Kong SAR, which together accounted for a further 24%.

In terms of the main suppliers, Vietnam, with a CAGR of +88.4%, saw 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, declining by -18.4% against the previous year. Overall, the import price recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 45% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood 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 ($X per unit), while the price for the Philippines ($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 (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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