Germany: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Germany

After two years of growth, the German wind powered generator market decreased by -99.8% to $X in 2021. In general, consumption continues to indicate a sharp reduction. Over the period under review, the market hit record highs at $X in 2020, and then dropped remarkably in the following year.

Wind Powered Generator Production in Germany

In value terms, wind powered generator production dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by 33% against the previous year. Wind powered generator production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Wind Powered Generator Exports

Exports from Germany

For the third year in a row, Germany recorded decline in overseas shipments of wind powered generating sets, which decreased by -14.2% to X units in 2021. Overall, exports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 40% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, wind powered generator exports expanded to $X in 2021. In general, exports recorded a pronounced contraction. The pace of growth was the most pronounced in 2018 when exports increased by 63% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units), the UK (X units) and France (X units) were the main destinations of wind powered generator exports from Germany, with a combined 37% share of total exports. These countries were followed by Sweden, Vietnam, the United States, Norway, Taiwan (Chinese), the Netherlands, Spain, Poland, Israel and Finland, which together accounted for a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +23.7%), while the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X), the UK ($X) and Sweden ($X) were the largest markets for wind powered generator exported from Germany worldwide, with a combined 43% share of total exports. These countries were followed by Taiwan (Chinese), Vietnam, France, Norway, Spain, the United States, Finland, the Netherlands, Poland and Israel, which together accounted for a further 47%.

Vietnam, with a CAGR of +191.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wind powered generator export price amounted to $X per unit, with an increase of 19% against the previous year. Overall, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 27,753% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Poland ($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 Israel (+173.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wind Powered Generator Imports

Imports into Germany

In 2021, after two years of decline, there was significant growth in overseas purchases of wind powered generating sets, when their volume increased by 88% to X units. Over the period under review, imports, however, continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2014 with an increase of 144% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wind powered generator imports rose remarkably to $X in 2021. In general, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 258%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wind powered generator supplier to Germany, accounting for a 78% share of total imports. Moreover, wind powered generator imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), sevenfold. The third position in this ranking was taken by Turkey (X units), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-42.0% per year) and Turkey (+43.6% per year).

In value terms, Denmark ($X), China ($X) and Belgium ($X) constituted the largest wind powered generator suppliers to Germany, together comprising 98% of total imports.

Belgium, with a CAGR of +95.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wind powered generator import price stood at $X per unit in 2021, reducing by -39.3% against the previous year. Overall, the import price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 4,555%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 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 Belgium ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+121.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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