Ireland: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Ireland

The Irish wind powered generator market dropped notably to $X in 2021, shrinking by -28.1% against the previous year. In general, consumption, however, showed a significant increase. Wind powered generator consumption peaked at $X in 2020, and then dropped rapidly in the following year.

Wind Powered Generator Production in Ireland

In value terms, wind powered generator production fell to $X in 2021 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Wind Powered Generator Exports

Exports from Ireland

In 2021, wind powered generator exports from Ireland surged to X units, with an increase of 413% on the previous year. Over the period under review, exports, however, continue to indicate a sharp downturn. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wind powered generator exports soared to $X in 2021. In general, exports, however, showed a precipitous curtailment. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for wind powered generator exports from Ireland, with a 97% share of total exports. It was followed by the United States (X units), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at -34.0%.

In value terms, the UK ($X) emerged as the key foreign market for wind powered generating sets exports from Ireland, comprising 95% of total exports. The second position in the ranking was taken by the United States ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to -32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+31.0% per year) and Japan (-69.5% per year).

Export Prices by Country

In 2021, the average wind powered generator export price amounted to $X per unit, with an increase of 102% against the previous year. Over the period under review, the export price recorded moderate growth. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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 Japan ($X per unit), while the average price for exports to the UK ($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 United States (+20.3%), while the prices for the other major destinations experienced mixed trend patterns.

Wind Powered Generator Imports

Imports into Ireland

In 2021, purchases abroad of wind powered generating sets decreased by -95.4% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of 22,280%. Imports peaked at X units in 2020, and then dropped significantly in the following year.

In value terms, wind powered generator imports shrank rapidly to $X in 2021. Overall, imports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2016 with an increase of 28,572% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the UK (X units) constituted the largest wind powered generator supplier to Ireland, accounting for a 46% share of total imports. Moreover, wind powered generator imports from the UK exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Turkey (X units), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +85.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+39.8% per year) and Turkey (+570.8% per year).

In value terms, Denmark ($X), the UK ($X) and China ($X) constituted the largest wind powered generator suppliers to Ireland, with a combined 95% share of total imports. Turkey, the United States, Germany and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 0.4%.

Turkey, with a CAGR of +502.3%, saw the highest rates of growth with regard to 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, rising by 237% against the previous year. In general, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2015 an increase of 372% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+17.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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