Asia-Pacific: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Asia-Pacific

The Asia-Pacific wind powered generator market skyrocketed to $X in 2021, increasing by 43% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.6% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wind Powered Generator Production in Asia-Pacific

In value terms, wind powered generator production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Wind Powered Generator Exports

Exports in Asia-Pacific

In 2021, exports of wind powered generating sets in Asia-Pacific skyrocketed to X units, picking up by 20% on the year before. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2019 with an increase of 168%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, wind powered generator exports soared to $X in 2021. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 70% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

China was the key exporting country with an export of about X units, which recorded 57% of total exports. It was distantly followed by Indonesia (X units) and India (X units), together making up a 39% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of +118.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest wind powered generator supplier in Asia-Pacific, comprising 82% of total exports. The second position in the ranking was taken by India ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +13.3%. In the other countries, the average annual rates were as follows: India (+23.5% per year) and Indonesia (+6.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, rising by 2.9% against the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wind powered generator export price increased by +84.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 79%. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the other leaders experienced a decline in the export price figures.

Wind Powered Generator Imports

Imports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in purchases abroad of wind powered generating sets, which increased by 30% to X units in 2021. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 4,636%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, wind powered generator imports soared to $X in 2021. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 60%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units) and Indonesia (X units) were the major importers of wind powered generating sets in 2021, resulting at near 42% and 41% of total imports, respectively. Pakistan (X units) ranks next in terms of the total imports with an 11% share, followed by Vietnam (5.8%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Pakistan (with a CAGR of +121.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Pakistan ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, with a combined 93% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +49.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, increasing by 5.4% against the previous year. Overall, the import price, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2018 when the import price increased by 4,328%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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