United Arab Emirates: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in the United Arab Emirates

After five years of growth, the wind powered generator market in the United Arab Emirates decreased by -7.3% to $X in 2021. In general, consumption, however, continues to indicate resilient growth. Wind powered generator consumption peaked at $X in 2020, and then declined in the following year.

Wind Powered Generator Production in the United Arab Emirates

In value terms, wind powered generator production contracted to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.6% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 21%. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Wind Powered Generator Exports

Exports from the United Arab Emirates

Wind powered generator exports from the United Arab Emirates surged to X units in 2021, growing by 212% compared with 2020 figures. In general, exports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2014 when exports increased by 4,930%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, wind powered generator exports skyrocketed to $X in 2021. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 5,826%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X units) was the main destination for wind powered generator exports from the United Arab Emirates, accounting for a 94% share of total exports. Moreover, wind powered generator exports to Oman exceeded the volume sent to the second major destination, Togo (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman stood at +26.6%.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman stood at +31.0%.

Export Prices by Country

In 2021, the average wind powered generator export price amounted to $X per unit, shrinking by -38.8% against the previous year. Overall, the export price, however, showed pronounced growth. The growth pace was the most rapid in 2019 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then dropped sharply in the following year.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Togo amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+57.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wind Powered Generator Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of wind powered generating sets increased by 27% to X units, rising for the fourth consecutive year after two years of decline. In general, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by 152% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, wind powered generator imports contracted remarkably to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 282%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wind powered generator supplier to the United Arab Emirates, with a 32% share of total imports. Moreover, wind powered generator imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -12.0%.

In value terms, China ($X) constituted the largest supplier of wind powered generating sets to the United Arab Emirates, comprising 62% of total imports. The second position in the ranking was taken by the UK ($X), with an 8.2% share of total imports. It was followed by Spain, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+10.2% per year) and Spain (-0.3% per year).

Import Prices by Country

In 2021, the average wind powered generator import price amounted to $X per unit, with a decrease of -52.2% against the previous year. Over the period under review, the import price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of 371% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 UK ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2,341.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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