Russian Federation: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in the Russian Federation

The Russian wind powered generator market soared to $X in 2021, jumping by 28% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a significant increase. Wind powered generator consumption peaked in 2021 and is expected to retain growth in the near future.

Wind Powered Generator Exports

Exports from the Russian Federation

In 2021, approx. X units of wind powered generating sets were exported from Russia; which is down by -69.2% compared with the previous year's figure. Overall, exports saw a dramatic decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 3,057%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, wind powered generator exports soared to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1,566%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus (X units), the United States (X units) and Kazakhstan (X units) were the main destinations of wind powered generator exports from Russia, together comprising 75% 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 Belarus (with a CAGR of +4.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Moldova ($X) were the largest markets for wind powered generator exported from Russia worldwide, with a combined 98% share of total exports. Belarus and Kazakhstan lagged somewhat behind, together comprising a further 2.1%.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +20.5%, saw 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, picking up by 1,067% against the previous year. Over the period under review, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 2,839% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

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 Germany ($X per unit), while the average price for exports to Belarus ($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 Germany (+43.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wind Powered Generator Imports

Imports into the Russian Federation

For the third year in a row, Russia recorded growth in purchases abroad of wind powered generating sets, which increased by 97% to X units in 2021. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 798%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, wind powered generator imports shrank notably to $X in 2021. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 747%. Imports peaked at $X in 2020, and then reduced rapidly in the following year.

Imports by Country

In 2021, Denmark (X units) constituted the largest supplier of wind powered generator to Russia, accounting for a 77% share of total imports. Moreover, wind powered generator imports from Denmark exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by Germany (X units), with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark totaled +132.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+29.4% per year) and Germany (-20.5% per year).

In value terms, Denmark ($X), China ($X) and Germany ($X) appeared to be the largest wind powered generator suppliers to Russia, with a combined 99% share of total imports.

Denmark, with a CAGR of +87.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average wind powered generator import price stood at $X per unit in 2021, falling by -68.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 303% against the previous year. The import price peaked at $X per unit in 2020, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7,771.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :