Report Update Nov 1, 2024

Finland - Wind Powered Generating Sets - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Finland

In 2021, the Finnish wind powered generator market decreased by -4.8% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a buoyant increase. Wind powered generator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Wind Powered Generator Production in Finland

In value terms, wind powered generator production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 6.7%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wind Powered Generator Exports

Exports from Finland

Wind powered generator exports from Finland soared to X units in 2021, surging by 26,600% against the year before. In general, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wind powered generator exports skyrocketed to $X in 2021. Overall, exports recorded a tangible increase. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for wind powered generator exports from Finland, accounting for a 91% share of total exports. Moreover, wind powered generator exports to China exceeded the volume sent to the second major destination, Vietnam (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +84.1%.

In value terms, the largest markets for wind powered generator exported from Finland were China ($X) and Vietnam ($X).

Among the main countries of destination, China, with a CAGR of +88.1%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average wind powered generator export price stood at $X per unit in 2021, stabilizing at the previous year. Over the period under review, the export price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2014 an increase of 8,768%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

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 Vietnam ($X per unit), while the average price for exports to China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+19.0%), while the prices for the other major destinations experienced mixed trend patterns.

Wind Powered Generator Imports

Imports into Finland

In 2021, supplies from abroad of wind powered generating sets increased by 51% to X units, rising for the third year in a row after two years of decline. Overall, imports showed a perceptible increase. The growth pace was the most rapid in 2019 when imports increased by 118% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, wind powered generator imports soared to $X in 2021. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 4,092% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Denmark (X units) and China (X units) were the main suppliers of wind powered generator imports to Finland.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +12.9%).

In value terms, Denmark ($X) constituted the largest supplier of wind powered generating sets to Finland, comprising 86% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark stood at +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+34.7% per year) and Germany (-21.6% per year).

Import Prices by Country

The average wind powered generator import price stood at $X per unit in 2021, growing by 179% against the previous year. In general, the import price saw strong growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 1,824% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+66.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wind powered generating sets in the world?

The countries with the highest volumes of wind powered generator consumption in 2020 were Norway, China and the United States, together comprising 40% of global consumption.

What are the largest producers of wind powered generating sets in the world?

The country with the largest volume of wind powered generator production was China, accounting for 21% of total volume. Moreover, wind powered generator production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Germany, with an 8.9% share.

What are the leading suppliers of wind powered generating sets to Finland?

In value terms, Denmark, China and the Netherlands constituted the largest wind powered generator suppliers to Finland, with a combined 93% share of total imports.

What are the leading importers of wind powered generating sets from Finland?

In value terms, Norway and Australia were the largest markets for wind powered generator exported from Finland worldwide.

What is the average export price for wind powered generating sets in Finland?

The average wind powered generator export price stood at $5,726 per unit in 2020, picking up by 144% against the previous year.

What is the average import price for wind powered generating sets in Finland?

In 2020, the average wind powered generator import price amounted to $4,542 per unit, waning by -30.4% against the previous year.

This report provides an in-depth analysis of the wind powered generator market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28112400 - Generating sets, wind-powered

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023