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The 2011 Import and Export Market for Static Converters and Rectifiers in the United States

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On the demand side, exporters and strategic planners focusing on static converters and rectifiers in the United States face a number of questions. Which countries are supplying static converters and rectifiers to the United States? How important is the United States 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 the United States? On the supply side, the United States also exports static converters and rectifiers. Which countries receive the most exports from the United States? 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 the United States. 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 Nor can managers be contented with out-of-date statistics which appear several years after the fact.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 the United States via exports, or supplying from the United States 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 the United States 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 the United States 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 co

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									   The 2011 Import and Export
   Market for Static Converters
   and Rectifiers in the United
              States

                                         By
                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)




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                                                                                              iii


                                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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                                                                                                   iv


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                                                         Contents        v


Table of Contents
1     INTRODUCTION AND METHODOLOGY                                   9
2     THE UNITED STATES AND THE WORLD MARKET                        11
    2.1     Imports in the United States in 2011                    11
    2.2     Exports from the United States in 2011                  12
3     IMPORTS IN THE UNITED STATES                                  13
    3.1      Africa                                                 13
       3.1.1   Cameroon                                             13
       3.1.2   Cote d'Ivoire                                        13
       3.1.3   Egypt                                                13
       3.1.4   Kenya                                                14
       3.1.5   Morocco                                              14
       3.1.6   South Africa                                         15
    3.2      Asia                                                   16
       3.2.1   China                                                16
       3.2.2   Hong Kong                                            17
       3.2.3   India                                                18
       3.2.4   Indonesia                                            19
       3.2.5   Japan                                                20
       3.2.6   Macau                                                21
       3.2.7   Malaysia                                             22
       3.2.8   Philippines                                          23
       3.2.9   Singapore                                            24
       3.2.10 South Korea                                           25
       3.2.11 Sri Lanka                                             26
       3.2.12 Taiwan                                                27
       3.2.13 Thailand                                              28
       3.2.14 Vietnam                                               29
    3.3      Europe                                                 29
       3.3.1   Albania                                              29
       3.3.2   Austria                                              30
       3.3.3   Belarus                                              31
       3.3.4   Belgium                                              32
       3.3.5   Bulgaria                                             33
       3.3.6   Czech Republic                                       34
       3.3.7   Denmark                                              35
       3.3.8   Estonia                                              36
       3.3.9   Finland                                              37
       3.3.10 France                                                38
       3.3.11 Germany                                               39
       3.3.12 Gibraltar                                             40
       3.3.13 Greece                                                40
       3.3.14 Hungary                                               41
       3.3.15 Ireland                                               42
       3.3.16 Italy                                                 43
       3.3.17 Malta                                                 44
       3.3.18 Norway                                                45
       3.3.19 Poland                                                46
       3.3.20 Portugal                                              47
       3.3.21 Romania                                               48


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                                                 Contents        vi

       3.3.22 Russia                                        49
       3.3.23 Slovakia                                      50
       3.3.24 Slovenia                                      51
       3.3.25 Spain                                         52
       3.3.26 Sweden                                        53
       3.3.27 Switzerland                                   54
       3.3.28 the Netherlands                               55
       3.3.29 the United Kingdom                            56
       3.3.30 Ukraine                                       57
    3.4      Latin America                                  58
       3.4.1    Argentina                                   58
       3.4.2    Brazil                                      59
       3.4.3    Chile                                       60
       3.4.4    Colombia                                    60
       3.4.5    Costa Rica                                  61
       3.4.6    Honduras                                    61
       3.4.7    Mexico                                      62
       3.4.8    Uruguay                                     63
       3.4.9    Venezuela                                   63
    3.5      North America & the Caribbean                  64
       3.5.1    Canada                                      64
       3.5.2    Dominican Republic                          65
       3.5.3    St. Kitts and Nevis                         65
       3.5.4    the Netherlands Antilles                    66
       3.5.5    Trinidad and Tobago                         66
    3.6      Oceana                                         67
       3.6.1    Australia                                   67
       3.6.2    New Zealand                                 68
    3.7      the Middle East                                69
       3.7.1    Israel                                      69
       3.7.2    the United Arab Emirates                    70
       3.7.3    Turkey                                      71
4     EXPORTS FROM THE UNITED STATES                        72
    4.1      Africa                                         72
       4.1.1   Benin                                        72
       4.1.2   Cameroon                                     72
       4.1.3   Mauritius                                    73
       4.1.4   Morocco                                      74
       4.1.5   Senegal                                      75
       4.1.6   South Africa                                 76
       4.1.7   Tanzania                                     77
       4.1.8   Uganda                                       78
    4.2      Asia                                           79
       4.2.1   China                                        79
       4.2.2   Hong Kong                                    80
       4.2.3   India                                        81
       4.2.4   Indonesia                                    82
       4.2.5   Japan                                        83
       4.2.6   Malaysia                                     84
       4.2.7   Mongolia                                     85
       4.2.8   Philippines                                  86
       4.2.9   Seychelles                                   87


www.icongrouponline.com                      ©2011 ICON Group Ltd.
                                          Contents         vii

     4.2.10 Singapore                                 88
     4.2.11 South Korea                               89
     4.2.12 Taiwan                                    90
     4.2.13 Thailand                                  91
  4.3      Europe                                     92
     4.3.1   Albania                                  92
     4.3.2   Austria                                  93
     4.3.3   Belarus                                  94
     4.3.4   Belgium                                  95
     4.3.5   Bosnia and Herzegovina                   96
     4.3.6   Bulgaria                                 97
     4.3.7   Croatia                                  98
     4.3.8   Cyprus                                   99
     4.3.9   Denmark                                 100
     4.3.10 Estonia                                  101
     4.3.11 Finland                                  102
     4.3.12 France                                   103
     4.3.13 Georgia                                  104
     4.3.14 Germany                                  105
     4.3.15 Greece                                   106
     4.3.16 Hungary                                  107
     4.3.17 Iceland                                  108
     4.3.18 Ireland                                  109
     4.3.19 Italy                                    110
     4.3.20 Latvia                                   111
     4.3.21 Lithuania                                112
     4.3.22 Luxembourg                               113
     4.3.23 Macedonia                                114
     4.3.24 Malta                                    115
     4.3.25 Moldova                                  115
     4.3.26 Norway                                   116
     4.3.27 Poland                                   117
     4.3.28 Romania                                  118
     4.3.29 Russia                                   119
     4.3.30 Slovakia                                 120
     4.3.31 Slovenia                                 121
     4.3.32 Spain                                    122
     4.3.33 Sweden                                   123
     4.3.34 Switzerland                              124
     4.3.35 the Netherlands                          125
     4.3.36 the United Kingdom                       126
     4.3.37 Ukraine                                  127
  4.4      Latin America                             128
     4.4.1   Argentina                               128
     4.4.2   Brazil                                  129
     4.4.3   Colombia                                130
     4.4.4   Costa Rica                              131
     4.4.5   Ecuador                                 132
     4.4.6   Guatemala                               133
     4.4.7   Guyana                                  133
     4.4.8   Mexico                                  134
     4.4.9   Nicaragua                               135
     4.4.10 Panama                                   135


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                                                           Contents         viii

       4.4.11 Peru                                                    136
    4.5      North America & the Caribbean                            137
       4.5.1    Canada                                                137
       4.5.2    Dominica                                              138
       4.5.3    Trinidad and Tobago                                   138
    4.6      Oceana                                                   139
       4.6.1    Australia                                             139
       4.6.2    New Caledonia                                         140
       4.6.3    New Zealand                                           141
    4.7      the Middle East                                          142
       4.7.1    Armenia                                               142
       4.7.2    Azerbaijan                                            142
       4.7.3    Bahrain                                               143
       4.7.4    Israel                                                144
       4.7.5    Jordan                                                145
       4.7.6    Oman                                                  146
       4.7.7    Pakistan                                              147
       4.7.8    Qatar                                                 148
       4.7.9    Saudi Arabia                                          149
       4.7.10 Turkey                                                  150
5     DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS 151
    5.1    Disclaimers & Safe Harbor                                  151
    5.2    ICON Group Ltd. User Agreement Provisions                  152




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                                          Static Converters and Rectifiers in the United States    9


1      INTRODUCTION AND METHODOLOGY
On the demand side, exporters and strategic planners focusing on static converters and rectifiers
in the United States face a number of questions. Which countries are supplying static converters
and rectifiers to the United States? How important is the United States 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 the United States? On the supply side, the
United States also exports static converters and rectifiers. Which countries receive the most
exports from the United States? 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
the United States. 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 the
United States via exports, or supplying from the United States 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 the United States 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 the United States 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 the United States is likely to receive
this year. From these figures, rankings are calculated to allow managers to prioritize the United
States 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 the
United States. A “major” market is defined as a country where the United States represents a
substantially large share of either imports or exports. For each major country exporting to the
United States, one can thus observe how important the United States 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 the United States, for each major country of destination.
In doing so, one can discover the share that the United States has in each major market; this share


www.icongrouponline.com                                                         ©2011 ICON Group Ltd.
                                           Static Converters and Rectifiers in the United States   10

value is often used as a measure of competitiveness for the United States. In all cases, the total
dollar volume and percentage share values by major trading partner are provided. Combined,
Chapters 3 and 4 present a the total picture for imports and exports of static converters and
rectifiers to and from the United States 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
								
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