The 2011 Import and Export
Market for Static Converters
and Rectifiers in India
By
Professor Philip M. Parker, Ph. D.
Chaired Professor of Management Science
INSEAD (Singapore & Fontainebleau, France)
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About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.
Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.
About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.
Acknowledgements
Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.
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Contents v
Table of Contents
1 INTRODUCTION AND METHODOLOGY 8
2 INDIA AND THE WORLD MARKET 10
2.1 Imports in India in 2011 10
2.2 Exports from India in 2011 11
3 IMPORTS IN INDIA 12
3.1 Africa 12
3.1.1 Mauritius 12
3.1.2 South Africa 13
3.2 Asia 14
3.2.1 China 14
3.2.2 Hong Kong 15
3.2.3 Indonesia 16
3.2.4 Japan 17
3.2.5 Malaysia 18
3.2.6 Philippines 19
3.2.7 Singapore 20
3.2.8 South Korea 21
3.2.9 Sri Lanka 22
3.2.10 Taiwan 23
3.2.11 Thailand 24
3.3 Europe 25
3.3.1 Austria 25
3.3.2 Belgium 26
3.3.3 Denmark 27
3.3.4 Finland 28
3.3.5 France 29
3.3.6 Germany 30
3.3.7 Ireland 31
3.3.8 Italy 32
3.3.9 Norway 33
3.3.10 Poland 34
3.3.11 Russia 35
3.3.12 Spain 36
3.3.13 Sweden 37
3.3.14 Switzerland 38
3.3.15 the United Kingdom 39
3.4 Latin America 40
3.4.1 Argentina 40
3.4.2 Mexico 41
3.5 North America & the Caribbean 42
3.5.1 Canada 42
3.5.2 the United States 43
3.6 Oceana 44
3.6.1 Australia 44
3.6.2 New Zealand 45
3.7 the Middle East 46
3.7.1 Israel 46
3.7.2 the United Arab Emirates 47
3.7.3 Turkey 48
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Contents vi
4 EXPORTS FROM INDIA 49
4.1 Africa 49
4.1.1 Malawi 49
4.1.2 Mauritius 49
4.1.3 South Africa 50
4.1.4 Tanzania 51
4.1.5 Uganda 52
4.1.6 Zambia 52
4.2 Asia 53
4.2.1 China 53
4.2.2 Hong Kong 54
4.2.3 Indonesia 55
4.2.4 Japan 56
4.2.5 Malaysia 57
4.2.6 Philippines 58
4.2.7 Singapore 59
4.2.8 South Korea 60
4.2.9 Taiwan 61
4.2.10 Thailand 62
4.3 Europe 63
4.3.1 Belgium 63
4.3.2 Bosnia and Herzegovina 64
4.3.3 Bulgaria 65
4.3.4 Croatia 66
4.3.5 Denmark 67
4.3.6 Estonia 68
4.3.7 Finland 69
4.3.8 Germany 70
4.3.9 Ireland 71
4.3.10 Norway 72
4.3.11 Poland 73
4.3.12 Romania 74
4.3.13 Russia 75
4.3.14 Slovakia 76
4.3.15 Spain 77
4.3.16 Sweden 78
4.3.17 Switzerland 79
4.3.18 the Netherlands 80
4.3.19 the United Kingdom 81
4.3.20 Ukraine 82
4.4 Latin America 83
4.4.1 Brazil 83
4.4.2 Colombia 84
4.4.3 Costa Rica 85
4.4.4 Mexico 86
4.4.5 Peru 87
4.5 North America & the Caribbean 88
4.5.1 Canada 88
4.5.2 the United States 89
4.6 Oceana 90
4.6.1 Australia 90
4.6.2 New Zealand 91
4.7 the Middle East 92
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Contents vii
4.7.1 Iran 92
4.7.2 Israel 93
4.7.3 Jordan 94
4.7.4 Oman 95
4.7.5 Qatar 96
4.7.6 Saudi Arabia 97
4.7.7 Turkey 98
5 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS 99
5.1 Disclaimers & Safe Harbor 99
5.2 ICON Group Ltd. User Agreement Provisions 100
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Static Converters and Rectifiers in India 8
1 INTRODUCTION AND METHODOLOGY
On the demand side, exporters and strategic planners focusing on static converters and rectifiers
in India face a number of questions. Which countries are supplying static converters and
rectifiers to India? How important is India compared to others in terms of the entire global and
regional market? How much do the imports of static converters and rectifiers vary from one
country of origin to another in India? On the supply side, India also exports static converters and
rectifiers. Which countries receive the most exports from India? How are these exports
concentrated across buyers? What is the value of these exports and which countries are the
largest buyers?
This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for static converters and rectifiers in
India. With the globalization of this market, managers can no longer be contented with a local
view. Nor can managers be contented with out-of-date statistics which appear several years after
the fact. I have developed a methodology, based on macroeconomic and trade models, to
estimate the market for static converters and rectifiers for those countries serving India via
exports, or supplying from India via imports. It does so for the current year based on a variety of
key historical indicators and econometric models.
In what follows, Chapter 2 begins by summarizing where India fits into the world market for
imported and exported static converters and rectifiers. The total level of imports and exports on a
worldwide basis, and those for India in particular, is estimated using a model which aggregates
across over 150 key country markets and projects these to the current year. From there, each
country represents a percent of the world market. This market is served from a number of
competitive countries of origin. Based on both demand- and supply-side dynamics, market shares
by country of origin are then calculated across each country market destination. These shares
lead to a volume of import and export values for each country and are aggregated to regional and
world totals. In doing so, we are able to obtain maximum likelihood estimates of both the value
of each market and the share that India is likely to receive this year. From these figures, rankings
are calculated to allow managers to prioritize India compared to other major country markets. In
this way, all the figures provided in this report are forecasts that can be combined with internal
information sources for strategic planning purposes.
After the worldwide summary in Chapter 2 of both imports and exports of static converters and
rectifiers, Chapter 3 goes into detail on imports, but for each major country of origin serving
India. A “major” market is defined as a country where India represents a substantially large share
of either imports or exports. For each major country exporting to India, one can thus observe
how important India is to that exporting country compared to other countries of the world.
Chapter 4 does the same, but for exports of static converters and rectifiers originating from India,
for each major country of destination. In doing so, one can discover the share that India has in
each major market; this share value is often used as a measure of competitiveness for India. In all
cases, the total dollar volume and percentage share values by major trading partner are provided.
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Static Converters and Rectifiers in India 9
Combined, Chapters 3 and 4 present a the total picture for imports and exports of static converters
and rectifiers to and from India to and from all other major countries in the world. "Static
Converters and Rectifiers" as a category is defined in this report following the definition given by
the United Nations Statistics Division Classification Registry using the Standard International
Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that defined "static converters
and rectifiers" is 77121 . For more information on this definition, please refer to the following
web site:
http://unstats.un.org/unsd/cr/registry/regcs.asp?Cl=14&Lg=1&Co=771 .
This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at www.icongrouponline.com.
Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.
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Static Converters and Rectifiers in India 10
2 INDIA AND THE WORLD MARKET
2.1 IMPORTS IN INDIA IN 2011
Imported Static Converters and Rectifiers in India, 2011
(Structure of Foreign Import Competition)
Country of Origin Rank Value (000 US$) % Share Cumulative %
_________________________________________________________________________________________________________
China 1 106,238 34.37 34.37
Germany 2 31,308 10.13 44.50
the United States 3 27,286 8.83 53.33
Japan 4 23,529 7.61 60.94
Singapore 5 13,317 4.31 65.25
Taiwan 6 11,899 3.85 69.10
Finland 7 9,059 2.93 72.03
France 8 8,356 2.70 74.74
Norway 9 7,765 2.51 77.25
Italy 10 7,080 2.29 79.54
Thailand 11 6,515 2.11 81.65
Denmark 12 6,501 2.10 83.75
the United Kingdom 13 6,387 2.07 85.82
Switzerland 14 5,889 1.91 87.72
Hong Kong 15 5,553 1.80 89.52
South Korea 16 5,550 1.80 91.32
Sweden 17 4,044 1.31 92.62
Philippines 18 3,450 1.12 93.74
Malaysia 19 3,309 1.07 94.81
Austria 20 3,193 1.03 95.84
Ireland 21 2,012 0.65 96.50
Mexico 22 2,008 0.65 97.15
Belgium 23 1,565 0.51 97.65
New Zealand 24 1,213 0.39 98.04
Sri Lanka 25 892 0.29 98.33
Turkey 26 793 0.26 98.59
Canada 27 754 0.24 98.83
Israel 28 667 0.22 99.05
Spain 29 641 0.21 99.26
Poland 30 395 0.13 99.38
Other 31 1,904 0.62 100.00
Total 309,072 100.00 100.00
_________________________________________________________________________________________________________
Source: Philip M. PARKER, Professor, INSEAD, copyright 2011, www.icongrouponline.com
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Static Converters and Rectifiers in India 11
2.2 EXPORTS FROM INDIA IN 2011
Static Converters and Rectifiers Exports from India, 2011
Country of Destination Rank Value (000 US$) % Share Cumulative %
_________________________________________________________________________________________________________
the United States 1 187,267 43.82 43.82
the Netherlands 2 72,747 17.02 60.85
China 3 25,989 6.08 66.93
Singapore 4 22,778 5.33 72.26
Russia 5 14,694 3.44 75.70
Canada 6 11,629 2.72 78.42
Mexico 7 8,384 1.96 80.38
Japan 8 8,299 1.94 82.32
Germany