MERCOSUR: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in MERCOSUR

In 2021, the MERCOSUR wind powered generator market increased by 31% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a slight curtailment. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Wind Powered Generator Production in MERCOSUR

In value terms, wind powered generator production declined to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 2.2% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank slightly in the following year.

Wind Powered Generator Exports

Exports in MERCOSUR

After two years of growth, shipments abroad of wind powered generating sets decreased by -21% to X units in 2021. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 969%. As a result, the exports attained the peak of X units, and then reduced notably in the following year.

In value terms, wind powered generator exports declined sharply to $X in 2021. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 2,978%. Over the period under review, the exports hit record highs at $X in 2020, and then reduced rapidly in the following year.

Exports by Country

Brazil (X units) represented roughly 100% of total exports in 2021.

Brazil was also the fastest-growing in terms of the wind powered generating sets exports, with a CAGR of +65.3% from 2012 to 2021. While the share of Brazil (+73 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest wind powered generator supplier in MERCOSUR.

In Brazil, wind powered generator exports expanded at an average annual rate of +82.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, declining by -25.9% against the previous year. Overall, the export price, however, posted significant growth. The most prominent rate of growth was recorded in 2013 an increase of 4,119%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +10.2% per year.

Wind Powered Generator Imports

Imports in MERCOSUR

In 2021, overseas purchases of wind powered generating sets decreased by -42.7% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 603% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, wind powered generator imports expanded notably to $X in 2021. In general, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 385% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Peru was the largest importing country with an import of around X units, which finished at 76% of total imports. It was distantly followed by Argentina (X units), generating an 18% share of total imports. Colombia (X units) and Brazil (X units) followed a long way behind the leaders.

Peru was also the fastest-growing in terms of the wind powered generating sets imports, with a CAGR of +161.9% from 2012 to 2021. At the same time, Argentina (+45.1%) and Colombia (+43.3%) displayed positive paces of growth. By contrast, Brazil (-3.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Peru and Argentina increased by +76 and +6.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported wind powered generating sets in MERCOSUR, comprising 34% of total imports. The second position in the ranking was taken by Argentina ($X), with a 2.8% share of total imports. It was followed by Colombia, with a 1.6% share.

In Brazil, wind powered generator imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (+71.6% per year) and Colombia (+72.6% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, surging by 85% against the previous year. Over the period under review, the import price, however, recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 when the import price increased by 273% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+20.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform