Hong Kong SAR, China: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Hong Kong SAR, China

After two years of decline, the Hong Kong wind powered generator market increased by 0.6% to $X in 2021. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Wind Powered Generator Production in Hong Kong SAR, China

In value terms, wind powered generator production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Wind Powered Generator Exports

Exports from Hong Kong SAR, China

In 2021, after two years of growth, there was significant decline in shipments abroad of wind powered generating sets, when their volume decreased by -46.3% to X units. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 128%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wind powered generator exports reduced notably to $X in 2021. In general, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 1,012%. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

The United States (X units) was the main destination for wind powered generator exports from Hong Kong SAR, accounting for a 57% share of total exports. Moreover, wind powered generator exports to the United States exceeded the volume sent to the second major destination, France (X units), fourfold. The third position in this ranking was taken by China (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +85.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+37.3% per year) and China (-12.4% per year).

In value terms, the United States ($X) emerged as the key foreign market for wind powered generating sets exports from Hong Kong SAR, comprising 44% of total exports. The second position in the ranking was taken by China ($X), with a 21% share of total exports. It was followed by France, with a 21% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-31.2% per year) and France (+28.6% per year).

Export Prices by Country

The average wind powered generator export price stood at $X per unit in 2021, shrinking by -91.3% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 412%. As a result, the export price attained the peak level of $X per unit, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United States ($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 Russia (+17.4%), while the prices for the other major destinations experienced mixed trend patterns.

Wind Powered Generator Imports

Imports into Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of wind powered generating sets, which decreased by -78.6% to X units in 2021. Overall, imports continue to indicate a sharp descent. The growth pace was the most rapid in 2018 with an increase of 2,500%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, wind powered generator imports declined remarkably to $X in 2021. Over the period under review, imports faced a dramatic setback. The pace of growth was the most pronounced in 2018 with an increase of 2,226% against the previous year. 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) was the main supplier of wind powered generator to Hong Kong SAR, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at -36.2%.

In value terms, China ($X) constituted the largest supplier of wind powered generating sets to Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -38.0%.

Import Prices by Country

In 2021, the average wind powered generator import price amounted to $X per unit, declining by -31.3% against the previous year. Over the period under review, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 49%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -2.8% per year.

Source: IndexBox Platform

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