Turkey: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Turkey

After three years of growth, the Turkish wind powered generator market decreased by -38.5% to $X in 2021. Over the period under review, consumption, however, saw a prominent increase. Over the period under review, the market reached the peak level at $X in 2020, and then declined sharply in the following year.

Wind Powered Generator Production in Turkey

In value terms, wind powered generator production soared to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Wind Powered Generator Exports

Exports from Turkey

Wind powered generator exports from Turkey surged to X units in 2021, picking up by 34% against the previous year's figure. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 43,950% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, wind powered generator exports shrank dramatically to $X in 2021. In general, exports posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 4,088% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then plummeted in the following year.

Exports by Country

The United States (X units), the UK (X units) and Canada (X units) were the main destinations of wind powered generator exports from Turkey, with a combined 46% share 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 the UK (with a CAGR of +254.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for wind powered generating sets exports from Turkey, comprising 58% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.7% share of total exports. It was followed by the UK, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and the UK (+87.6% per year).

Export Prices by Country

In 2021, the average wind powered generator export price amounted to $X per unit, falling by -76.2% against the previous year. Overall, the export price showed a sharp setback. The growth pace was the most rapid in 2016 when the average export price increased by 389% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 Jordan (+10.3%), while the prices for the other major destinations experienced a decline.

Wind Powered Generator Imports

Imports into Turkey

In 2021, imports of wind powered generating sets into Turkey declined notably to X units, waning by -43.2% against the year before. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 841% against the previous year. As a result, imports reached the peak of X units, and then contracted notably in the following year.

In value terms, wind powered generator imports reduced sharply to $X in 2021. In general, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 163% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Norway (X units) and Finland (X units) were the main suppliers of wind powered generator imports to Turkey, together comprising 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +2,976.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of wind powered generating sets to Turkey, comprising 85% of total imports. The second position in the ranking was held by Denmark ($X), with a 12% share of total imports. It was followed by Norway, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+3.2% per year) and Norway (+93.0% per year).

Import Prices by Country

The average wind powered generator import price stood at $X per unit in 2021, with an increase of 25% against the previous year. In general, the import price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 70% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat 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 ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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