Eastern Europe: Static Converter Market 2024

Static Converter Market Size in Eastern Europe

In 2022, the East European static converter market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a mild contraction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Static Converter Production in Eastern Europe

In value terms, static converter production surged to $X in 2022 estimated in export price. The total production indicated resilient 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. Based on 2022 figures, production increased by X% against 2016 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Static Converter Exports

Exports in Eastern Europe

In 2022, overseas shipments of static converters increased by X% to X units, rising for the sixth year in a row after four years of decline. Total exports indicated a temperate expansion from 2012 to 2022: its volume 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 2016 indices. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, static converter exports soared to $X in 2022. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The shipments of the four major exporters of static converters, namely Poland, Hungary, the Czech Republic and Slovakia, represented more than two-thirds of total export. It was distantly followed by Romania (X units), mixing up a X% share of total exports. The following exporters - Russia (X units), Belarus (X units) and Estonia (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest static converter supplying countries in Eastern Europe were Hungary ($X), the Czech Republic ($X) and Poland ($X), together accounting for X% of total exports. Slovakia, Romania, Estonia, Russia and Belarus lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

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 the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Static Converter Imports

Imports in Eastern Europe

In 2022, supplies from abroad of static converters increased by X% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, static converter imports surged to $X in 2022. In general, imports recorded strong growth. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Russia was the major importer of static converters in Eastern Europe, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by Poland (X units), Hungary (X units) and the Czech Republic (X units), together committing a X% share of total imports. Romania (X units), Slovakia (X units) and Ukraine (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to static converter imports into Russia stood at X%. At the same time, Romania (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%), Poland (X%), Ukraine (X%), the Czech Republic (X%) and Slovakia (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Romania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Czech Republic (X p.p.) and Slovakia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest static converter importing markets in Eastern Europe were the Czech Republic ($X), Poland ($X) and Hungary ($X), with a combined X% share of total imports.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 Eastern Europe stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price showed a prominent increase. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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