Eastern Asia: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Eastern Asia

In 2021, the East Asian wind powered generator market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wind Powered Generator Production in Eastern Asia

In value terms, wind powered generator production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 15%. The level of production peaked at $X in 2020, and then contracted in the following year.

Wind Powered Generator Exports

Exports in Eastern Asia

In 2021, after three years of growth, there was significant decline in shipments abroad of wind powered generating sets, when their volume decreased by -25.8% to X units. Over the period under review, exports, however, continue to indicate slight growth. The pace of growth appeared the most rapid in 2020 when exports increased by 83% against the previous year. As a result, the exports reached the peak of X units, and then plummeted in the following year.

In value terms, wind powered generator exports surged to $X in 2021. Overall, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 99%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

China prevails in exports structure, amounting to X units, which was approx. 97% of total exports in 2021. South Korea (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to wind powered generator exports from China stood at +9.6%. At the same time, South Korea (+17.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +17.4% from 2012-2021. From 2012 to 2021, the share of China increased by +50 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wind powered generator supplier in Eastern Asia, comprising 99% of total exports. The second position in the ranking was taken by South Korea ($X), with a 0.6% share of total exports.

In China, wind powered generator exports expanded at an average annual rate of +13.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, growing by 60% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +9.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the export price increased by 66% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while South Korea stood at $X per unit.

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

Wind Powered Generator Imports

Imports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in supplies from abroad of wind powered generating sets, which increased by 78% to X units in 2021. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 696% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, wind powered generator imports soared to $X in 2021. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 71% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units) represented roughly 99% of total imports in 2021.

Taiwan (Chinese) was also the fastest-growing in terms of the wind powered generating sets imports, with a CAGR of +35.3% from 2012 to 2021. While the share of Taiwan (Chinese) (+12 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported wind powered generating sets in Eastern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in Taiwan (Chinese) totaled +35.2%.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, with a decrease of -12.3% against the previous year. Over the period under review, the import price showed a perceptible descent. The most prominent rate of growth was recorded in 2014 when the import price increased by 127%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -0.1% per year.

Source: IndexBox Platform

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