Malaysia: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Malaysia

After two years of decline, the Malaysian wind powered generator market increased by 46% to $X in 2021. In general, consumption continues to indicate a prominent increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Wind Powered Generator Production in Malaysia

In value terms, wind powered generator production surged to $X in 2021 estimated in export price. In general, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 289%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Wind Powered Generator Exports

Exports from Malaysia

After two years of decline, shipments abroad of wind powered generating sets increased by 200% to X units in 2021. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 871%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, wind powered generator exports reduced slightly to $X in 2021. In general, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 315%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X units), Vietnam (X units) and South Africa (X units) were the main destinations of wind powered generator exports from Malaysia, together comprising 14% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brunei Darussalam (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wind powered generator exported from Malaysia were Thailand ($X), Vietnam ($X) and Brunei Darussalam ($X), together accounting for 65% of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +152.9%, saw the highest rates of growth with regard to 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, with a decrease of -67.1% against the previous year. Over the period under review, the export price faced a dramatic slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 116%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to South Africa ($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 (+76.3%), while the prices for the other major destinations experienced mixed trend patterns.

Wind Powered Generator Imports

Imports into Malaysia

In 2021, supplies from abroad of wind powered generating sets was finally on the rise to reach X units after two years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 276%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wind powered generator imports declined dramatically to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 311% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), Hong Kong SAR (X units) and the United States (X units) were the main suppliers of wind powered generator imports to Malaysia, together comprising 60% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +47.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of wind powered generating sets to Malaysia, comprising 45% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 15% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+32.9% per year) and Germany (+44.1% per year).

Import Prices by Country

In 2021, the average wind powered generator import price amounted to $X per unit, falling by -46.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 110% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 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 the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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