ASEAN: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in ASEAN

The ASEAN wind powered generator market fell remarkably to $X in 2021, shrinking by -21.8% against the previous year. Overall, consumption, however, continues to indicate a temperate increase. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Wind Powered Generator Production in ASEAN

In value terms, wind powered generator production declined modestly to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 19%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wind Powered Generator Exports

Exports in ASEAN

In 2021, the amount of wind powered generating sets exported in ASEAN surged to X units, jumping by 2,382% on the year before. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 5,200%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wind powered generator exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a dramatic descent. The pace of growth was the most pronounced in 2019 when exports increased by 28% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia dominates exports structure, finishing at X units, which was near 96% of total exports in 2021. Vietnam (X units) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the wind powered generating sets exports, with a CAGR of +118.9% from 2012 to 2021. Vietnam (-19.8%) illustrated a downward trend over the same period. While the share of Indonesia (+96 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Vietnam (-93.9 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest wind powered generator supplier in ASEAN, comprising 79% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam stood at -25.4%.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, falling by -94.8% against the previous year. Over the period under review, the export price saw a sharp curtailment. The growth pace was the most rapid in 2020 an increase of 3,433% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Indonesia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-6.9%).

Wind Powered Generator Imports

Imports in ASEAN

After two years of growth, supplies from abroad of wind powered generating sets decreased by -3.3% to X units in 2021. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 12,934% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wind powered generator imports shrank markedly to $X in 2021. In general, imports, however, showed a slight expansion. The pace of growth was the most pronounced in 2015 when imports increased by 457% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia represented the major importing country with an import of around X units, which reached 87% of total imports. It was distantly followed by Vietnam (X units), generating a 12% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to wind powered generator imports into Indonesia stood at +38.3%. At the same time, Vietnam (+45.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +45.0% from 2012-2021. While the share of Indonesia (+56 p.p.) and Vietnam (+9.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported wind powered generating sets in ASEAN, comprising 91% of total imports. The second position in the ranking was held by Indonesia ($X), with a 0.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam totaled +49.9%.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, dropping by -44.5% against the previous year. In general, the import price showed a abrupt decline. The growth pace was the most rapid in 2018 an increase of 14,771%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Indonesia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.4%).

Source: IndexBox Platform