Belgium: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Belgium

For the fourth consecutive year, the Belgian wind powered generator market recorded growth in sales value, which increased by 454% to $X in 2021. Overall, consumption enjoyed significant growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Wind Powered Generator Exports

Exports from Belgium

After two years of growth, shipments abroad of wind powered generating sets decreased by -2% to X units in 2021. Over the period under review, exports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of 9,531%. Over the period under review, the exports attained the peak figure at X units in 2020, and then declined slightly in the following year.

In value terms, wind powered generator exports soared to $X in 2021. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 1,180%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

France (X units) was the main destination for wind powered generator exports from Belgium, with a 80% share of total exports. Moreover, wind powered generator exports to France exceeded the volume sent to the second major destination, the Czech Republic (X units), ninefold. The third position in this ranking was held by Germany (X units), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (0.0% per year) and Germany (+6.6% per year).

In value terms, France ($X) remains the key foreign market for wind powered generating sets exports from Belgium, comprising 91% of total exports. The second position in the ranking was held by South Africa ($X), with a 5.9% share of total exports. It was followed by the Czech Republic, with a 0.3% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+63.6% per year) and the Czech Republic (0.0% per year).

Export Prices by Country

In 2021, the average wind powered generator export price amounted to $X per unit, growing by 132% against the previous year. Over the period under review, the export price recorded a significant increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 1,415%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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 South Africa ($X per unit), while the average price for exports to the Czech Republic ($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 South Africa (+14,939.5%), while the prices for the other major destinations experienced mixed trend patterns.

Wind Powered Generator Imports

Imports into Belgium

For the fourth year in a row, Belgium recorded growth in overseas purchases of wind powered generating sets, which increased by 202% to X units in 2021. Overall, imports posted a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by 946% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, wind powered generator imports dropped remarkably to $X in 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,548% against the previous year. Imports peaked at $X in 2020, and then contracted significantly in the following year.

Imports by Country

India (X units), China (X units) and Denmark (X units) were the main suppliers of wind powered generator imports to Belgium, together comprising 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +146.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Denmark ($X) appeared to be the largest wind powered generator suppliers to Belgium, with a combined 100% share of total imports.

India, with a CAGR of +81.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wind powered generator import price stood at $X per unit in 2021, reducing by -93.2% against the previous year. In general, the import price, however, posted a notable expansion. The most prominent rate of growth was recorded in 2017 an increase of 255%. The import price peaked at $X per unit in 2018; however, from 2019 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 ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+37.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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