Africa: Static Converter Market 2024

Static Converter Market Size in Africa

The African static converter market surged to $X in 2022, increasing by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Static Converter Production in Africa

In value terms, static converter production declined modestly to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Static Converter Exports

Exports in Africa

In 2022, shipments abroad of static converters increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports posted a prominent increase. 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 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

South Africa represented the largest exporting country with an export of around X units, which amounted to X% of total exports. Tunisia (X units) ranks second in terms of the total exports with an X% share, followed by Morocco (X%). Angola (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to static converter exports from South Africa stood at X%. At the same time, Morocco (X%), Angola (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. South Africa (X p.p.), Morocco (X p.p.) and Angola (X p.p.) significantly strengthened its position in terms of the total exports, while Tunisia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest static converter supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In South Africa, static converter exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Angola ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced a decline in the export price figures.

Static Converter Imports

Imports in Africa

In 2022, supplies from abroad of static converters decreased by X% to X units, falling for the third consecutive year after two years of growth. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, static converter imports soared to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mozambique dominates imports structure, amounting to X units, which was approx. X% of total imports in 2022. South Africa (X units), Nigeria (X units) and Algeria (X units) followed a long way behind the leaders.

Mozambique was also the fastest-growing in terms of the static converters imports, with a CAGR of X% from 2012 to 2022. At the same time, Algeria (X%), South Africa (X%) and Nigeria (X%) displayed positive paces of growth. From 2012 to 2022, the share of Mozambique increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported static converters in Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

In South Africa, static converter imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Algeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per unit), while Mozambique (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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