China: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in China

For the fourth consecutive year, the Chinese wind powered generator market recorded decline in sales value, which decreased by -59.5% to $X in 2021. Overall, consumption recorded a sharp downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Wind Powered Generator Production in China

In value terms, wind powered generator production stood at $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 12%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Wind Powered Generator Exports

Exports from China

In 2021, the amount of wind powered generating sets exported from China rose markedly to X units, growing by 7.1% against 2020 figures. In general, exports recorded a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 102%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, wind powered generator exports surged to $X in 2021. Over the period under review, exports showed a prominent expansion. The growth pace was the most rapid in 2016 when exports increased by 102% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Ukraine (X units), Vietnam (X units) and Sweden (X units) were the main destinations of wind powered generator exports from China, with a combined 71% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +149.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) emerged as the key foreign market for wind powered generating sets exports from China, comprising 50% of total exports. The second position in the ranking was taken by Sweden ($X), with a 5.4% share of total exports. It was followed by Ukraine, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam totaled +205.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+80.5% per year) and Ukraine (+106.1% per year).

Export Prices by Country

In 2021, the average wind powered generator export price amounted to $X per unit, increasing by 21% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wind powered generator export price decreased by -0.2% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 63% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+36.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wind Powered Generator Imports

Imports into China

In 2021, approx. X units of wind powered generating sets were imported into China; waning by -50.9% compared with 2020. In general, imports, however, saw a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 3,535% 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 lower figure.

In value terms, wind powered generator imports surged to $X in 2021. Overall, imports, however, posted a mild increase. The pace of growth appeared the most rapid in 2017 when imports increased by 2,983%. 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

In 2021, Germany (X units) constituted the largest wind powered generator supplier to China, with a 73% share of total imports. Moreover, wind powered generator imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +57.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.5% per year) and Taiwan (Chinese) (-14.3% per year).

In value terms, the United States ($X) constituted the largest supplier of wind powered generating sets to China, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+58.4% per year) and Taiwan (Chinese) (-27.9% per year).

Import Prices by Country

In 2021, the average wind powered generator import price amounted to $X per unit, surging by 150% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 903%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

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 the United States ($X per unit), while the price for Taiwan (Chinese) ($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 (+41.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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