Asia: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Asia

The Asian wind powered generator market skyrocketed to $X in 2021, with an increase of 20% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +120.6% against 2012 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wind Powered Generator Production in Asia

In value terms, wind powered generator production soared to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +88.2% against 2014 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wind Powered Generator Exports

Exports in Asia

Wind powered generator exports surged to X units in 2021, rising by 20% against 2020. In general, exports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of 171%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wind powered generator exports skyrocketed to $X in 2021. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 66%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

China was the major exporter of wind powered generating sets in Asia, with the volume of exports reaching X units, which was approx. 56% of total exports in 2021. Indonesia (X units) took the second position in the ranking, distantly followed by India (X units). All these countries together held approx. 39% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +118.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest wind powered generator supplier in Asia, comprising 82% of total exports. The second position in the ranking was held by India ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at +13.3%. In the other countries, the average annual rates were as follows: India (+23.5% per year) and Indonesia (+6.5% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, increasing by 2.5% against the previous year. Overall, the export price showed a remarkable increase. The growth pace was the most rapid in 2020 when the export price increased by 86% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the other leaders experienced a decline in the export price figures.

Wind Powered Generator Imports

Imports in Asia

Wind powered generator imports surged to X units in 2021, with an increase of 28% on the previous year. Over the period under review, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 1,043% against the previous year. As a result, imports attained 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 soared to $X in 2021. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 100% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units) and Indonesia (X units) dominates imports structure, together creating 75% of total imports. Pakistan (X units) took the next position in the ranking, followed by Vietnam (X units). All these countries together held near 15% share of total imports. Israel (X units) and Turkey (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of +121.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Turkey ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 85% of total imports. These countries were followed by Vietnam, Israel and Indonesia, which together accounted for a further 8.8%.

In terms of the main importing countries, Israel, with a CAGR of +110.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, falling by -4.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 2,467% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :