Argentina: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Argentina

The Argentinian wind powered generator market surged to $X in 2021, rising by 105% against the previous year. Overall, consumption recorded a significant expansion. Wind powered generator consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Wind Powered Generator Production in Argentina

In value terms, wind powered generator production declined significantly to $X in 2021 estimated in export price. Overall, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 78%. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Wind Powered Generator Exports

Exports from Argentina

Wind powered generator exports from Argentina stood at X units in 2021, remaining constant against 2020. Over the period under review, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wind powered generator exports declined remarkably to $X in 2021. Overall, exports recorded a precipitous descent. The growth pace was the most rapid in 2018 with an increase of 82%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X units) and Nicaragua (X units) were the main destinations of wind powered generator exports from Argentina.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nicaragua (with a CAGR of -29.8%).

In value terms, Chile ($X) remains the key foreign market for wind powered generating sets exports from Argentina, comprising 88% of total exports. The second position in the ranking was held by Nicaragua ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Chile amounted to -22.5%.

Export Prices by Country

The average wind powered generator export price stood at $X per unit in 2021, declining by -24% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 96%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Nicaragua totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+22.3%).

Wind Powered Generator Imports

Imports into Argentina

In 2021, wind powered generator imports into Argentina soared to X units, increasing by 260% compared with the previous year. In general, imports saw a significant expansion. The growth pace was the most rapid in 2017 with an increase of 4,650% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, wind powered generator imports fell markedly to $X in 2021. Overall, imports posted significant growth. The growth pace was the most rapid in 2017 with an increase of 4,003% against the previous year. Imports peaked at $X in 2020, and then contracted dramatically in the following year.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of wind powered generator to Argentina, with a 71% share of total imports. Moreover, wind powered generator imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Denmark (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +79.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+35.8% per year) and Denmark (+63.0% per year).

In value terms, Denmark ($X) constituted the largest supplier of wind powered generating sets to Argentina, comprising 76% of total imports. The second position in the ranking was taken by Spain ($X), with a 22% share of total imports. It was followed by the United States, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark totaled +103.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+65.8% per year) and the United States (+47.3% per year).

Import Prices by Country

In 2021, the average wind powered generator import price amounted to $X per unit, which is down by -78.2% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 223% against the previous year. The import price peaked at $X per unit in 2020, and then fell notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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