Hong Kong SAR, China - Static Converters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStatic Converter Price in Hong Kong SAR - 2023
Contents:
- Static Converter Price in Hong Kong SAR (FOB) - 2023
- Static Converter Price in Hong Kong SAR (CIF) - 2023
- Static Converter Exports in Hong Kong SAR
- Static Converter Imports in Hong Kong SAR
Static Converter Price in Hong Kong SAR (FOB) - 2023
The average static converter export price stood at $5.3 per unit in June 2023, rising by 5.9% against the previous month. Over the last nine months, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in November 2022 when the average export price increased by 32% month-to-month. As a result, the export price reached the peak level of $5.8 per unit. From December 2022 to June 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the United States ($17.5 per unit), while the average price for exports to China ($2.9 per unit) was amongst the lowest.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Static Converter Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average static converter import price amounted to $3.1 per unit, increasing by 8.1% against the previous month. Overall, the import price, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in November 2022 when the average import price increased by 93% against the previous month. As a result, import price reached the peak level of $5.7 per unit. From December 2022 to June 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Singapore ($3.4 per unit), while the price for China ($2.4 per unit) was amongst the lowest.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Singapore (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Static Converter Exports in Hong Kong SAR
After three years of growth, shipments abroad of static converters decreased by -33.9% to 1B units in 2022. In general, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, the exports attained the peak of 1.5B units, and then shrank markedly in the following year.
In value terms, static converter exports contracted remarkably to $4.5B in 2022. Over the period under review, exports showed a mild setback. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, the exports reached the peak of $5.3B, and then reduced sharply in the following year.
Export of Static Converter in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,928 | 1,747 | 2,011 | 1,657 | -4.9% |
United States | 749 | 640 | 726 | 598 | -7.2% |
Japan | 237 | 276 | 391 | 301 | 8.3% |
Taiwan (Chinese) | 193 | 282 | 345 | 258 | 10.2% |
Vietnam | 184 | 210 | 190 | 206 | 3.8% |
Others | 1,374 | 1,356 | 1,667 | 1,443 | 1.6% |
Total | 4,665 | 4,510 | 5,331 | 4,463 | -1.5% |
Top Export Markets for Static Converter from Hong Kong SAR in 2022:
- China (723.6M units)
- Vietnam (66.8M units)
- United States (44.9M units)
- Japan (18.8M units)
- Taiwan (Chinese) (15.4M units)
Static Converter Imports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of static converters, when their volume decreased by -27.1% to 1B units. In general, imports saw a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 16%. As a result, imports reached the peak of 1.4B units, and then reduced sharply in the following year.
In value terms, static converter imports shrank dramatically to $3.5B in 2022. Overall, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of $4.6B, and then reduced markedly in the following year.
Import of Static Converter in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3,308 | 3,391 | 3,790 | 2,709 | -6.4% |
Philippines | 87.9 | 66.1 | 77.9 | 73.8 | -5.7% |
Singapore | 30.8 | 29.4 | 57.2 | 61.2 | 25.7% |
Taiwan (Chinese) | 32.1 | 28.7 | 36.4 | 40.0 | 7.6% |
Others | 366 | 442 | 618 | 629 | 19.8% |
Total | 3,825 | 3,958 | 4,579 | 3,513 | -2.8% |
Top Suppliers of Static Converter to Hong Kong SAR in 2022:
- China (931.9M units)
- Taiwan (Chinese) (25.3M units)
- Singapore (22.2M units)
- Philippines (17.1M units)
This report provides an in-depth analysis of the static converter market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27115023 -
- Prodcom 27115030 - Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)
- Prodcom 27115033 - Accumulator chargers
- Prodcom 27115035 -
- Prodcom 27115040 - Power supply units for telecommunication apparatus, a utomatic data-processing machines and units thereof
- Prodcom 27115053 - Inverters having a power handling capacity . 7,5 kVA
- Prodcom 27115055 - Inverters having a power handling capacity > 7,5 kVA
- Prodcom 27115070 - Static converters (excluding polycrystalline semiconductors, c onverters specially designed for welding, without welding equipment, accumulator chargers, rectifiers, inverters)
- Prodcom 27904130 -
- Prodcom 27904140 -
- Prodcom 27904153 -
- Prodcom 27904155 -
- Prodcom 27904170 -
- Prodcom 27904190 -
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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During the review period, Static Converter exports reached a peak of 95M units in July 2023. However, from August to November 2023, exports did not recover momentum. In terms of value, Static Converter exports slightly increased to $316M in November 2023.
During July 2023, Static Converter exports reached a peak of 95M units. However, from August to October 2023, they failed to regain momentum. By October 2023, Static Converter exports had decreased in value to $304M.
During the review period, exports of Static Converter reached their peak in July 2023 with 95M units. However, from August to October 2023, exports failed to regain momentum. Regarding value, the exports of Static Converter decreased to $304M in October 2023.
Electrical Transformer exports declined slightly to $55M in June 2023.
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