Denmark: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Denmark

After two years of decline, the Danish wind powered generator market increased by 44% to $X in 2021. Over the period under review, consumption, however, continues to indicate a perceptible reduction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Wind Powered Generator Production in Denmark

In value terms, wind powered generator production surged to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. Wind powered generator production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wind Powered Generator Exports

Exports from Denmark

In 2021, the amount of wind powered generating sets exported from Denmark dropped remarkably to X units, which is down by -15.7% compared with the previous year. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 78%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, wind powered generator exports contracted significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 73%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units), Finland (X units) and the United States (X units) were the main destinations of wind powered generator exports from Denmark, with a combined 42% share of total exports. These countries were followed by Germany, Sweden, Ukraine, Japan, France, the Netherlands, Taiwan (Chinese), Italy, Poland and Turkey, which together accounted for a further 51%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +58.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for wind powered generating sets exports from Denmark, comprising 61% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.7% share of total exports. It was followed by Finland, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+63.9% per year) and Finland (+14.2% per year).

Export Prices by Country

The average wind powered generator export price stood at $X per unit in 2021, approximately equating the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 48% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Ukraine ($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 the UK (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Wind Powered Generator Imports

Imports into Denmark

In 2021, purchases abroad of wind powered generating sets decreased by -24.8% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 229% against the previous year. Imports peaked at X units in 2020, and then reduced sharply in the following year.

In value terms, wind powered generator imports shrank markedly to $X in 2021. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 172%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Finland (X units) constituted the largest supplier of wind powered generator to Denmark, accounting for a 88% share of total imports. Moreover, wind powered generator imports from Finland exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold.

From 2016 to 2021, the average annual growth rate of volume from Finland stood at +66.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-72.3% per year) and Spain (+5.3% per year).

In value terms, Finland ($X) constituted the largest supplier of wind powered generating sets to Denmark, comprising 87% of total imports. The second position in the ranking was held by Spain ($X), with a 3% share of total imports.

From 2016 to 2021, the average annual growth rate of value from Finland totaled +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-27.8% per year) and Germany (+213.9% per year).

Import Prices by Country

The average wind powered generator import price stood at $X per unit in 2021, dropping by -55.5% against the previous year. Overall, the import price recorded a sharp curtailment. The growth pace was the most rapid in 2017 a decrease of -17.5%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2016 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-25.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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