Japan: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Japan

In 2021, after three years of decline, there was significant growth in the Japanese wind powered generator market, when its value increased by 2,278% to $X. Over the period under review, consumption continues to indicate significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wind Powered Generator Production in Japan

In value terms, wind powered generator production reduced dramatically to $X in 2021 estimated in export price. In general, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 419% against the previous year. As a result, production attained the peak level of $X, and then declined markedly in the following year.

Wind Powered Generator Exports

Exports from Japan

In 2021, shipments abroad of wind powered generating sets decreased by -99.2% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 9,875% against the previous year. The exports peaked at X units in 2020, and then shrank dramatically in the following year.

In value terms, wind powered generator exports fell significantly to $X in 2021. Over the period under review, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 5,225% against the previous year. The exports peaked at $X in 2020, and then shrank notably in the following year.

Exports by Country

Brazil (X units), the United States (X units) and New Zealand (X units) were the main destinations of wind powered generator exports from Japan, together comprising 49% of total exports. These countries were followed by Singapore, Malaysia, Vietnam, Canada and Norway, which together accounted for a further 51%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +146.6%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and Canada ($X) constituted the largest markets for wind powered generator exported from Japan worldwide, together accounting for 94% of total exports.

Among the main countries of destination, Brazil, with a CAGR of +17.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wind powered generator export price stood at $X per unit in 2021, which is down by -8.6% against the previous year. Over the period under review, the export price, however, saw a pronounced increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 13,213% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Norway ($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 Brazil (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wind Powered Generator Imports

Imports into Japan

For the fourth consecutive year, Japan recorded decline in supplies from abroad of wind powered generating sets, which decreased by -27.8% to X units in 2021. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 101%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, wind powered generator imports dropped sharply to $X in 2021. Over the period under review, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 134%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the UK (X units) and Germany (X units) were the main suppliers of wind powered generator imports to Japan, together accounting for 86% of total imports.

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 +19.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of wind powered generating sets to Japan, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with a 26% share of total imports. It was followed by Denmark, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+65.0% per year) and Denmark (+63.9% per year).

Import Prices by Country

In 2021, the average wind powered generator import price amounted to $X per unit, with an increase of 5% against the previous year. Overall, the import price enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 231%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average 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 Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1,334.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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