Middle East: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in the Middle East

In 2021, after three years of growth, there was significant decline in the Middle Eastern wind powered generator market, when its value decreased by -36.1% to $X. In general, consumption, however, showed strong growth. Over the period under review, the market attained the maximum level at $X in 2020, and then declined significantly in the following year.

Wind Powered Generator Production in the Middle East

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 increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wind Powered Generator Exports

Exports in the Middle East

In 2021, the amount of wind powered generating sets exported in the Middle East expanded modestly to X units, increasing by 1.5% compared with the previous year. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 743%. Over the period under review, the exports reached 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 contracted significantly to $X in 2021. Over the period under review, exports posted perceptible growth. The pace of growth was the most pronounced in 2020 with an increase of 1,430%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, accounting for X units, which was near 84% of total exports in 2021. It was distantly followed by Saudi Arabia (X units), achieving a 5.6% share of total exports. The United Arab Emirates (X units), Lebanon (X units) and Israel (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the wind powered generating sets exports, with a CAGR of +86.2% from 2012 to 2021. At the same time, Saudi Arabia (+60.6%), Israel (+30.5%) and the United Arab Emirates (+4.1%) displayed positive paces of growth. By contrast, Lebanon (-23.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Saudi Arabia increased by +84 and +5.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest wind powered generator supplier in the Middle East, comprising 70% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by Lebanon, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled +37.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+9.2% per year) and Lebanon (-21.0% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, reducing by -70.9% against the previous year. Overall, the export price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2014 when the export price increased by 140% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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 Israel ($X per unit), while Saudi Arabia ($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 United Arab Emirates (+4.9%), while the other leaders experienced mixed trends in the export price figures.

Wind Powered Generator Imports

Imports in the Middle East

Wind powered generator imports declined to X units in 2021, which is down by -8.3% compared with 2020. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when imports increased by 702% against the previous year. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, wind powered generator imports reduced dramatically to $X in 2021. Over the period under review, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 189%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Israel (X units) and Turkey (X units) represented the major importers of wind powered generating sets in 2021, finishing at approx. 46% and 31% of total imports, respectively. Qatar (X units) held the next position in the ranking, distantly followed by Iran (X units). All these countries together took near 22% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Israel (with a CAGR of +111.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X) constitutes the largest market for imported wind powered generating sets in the Middle East, comprising 87% of total imports. The second position in the ranking was taken by Israel ($X), with a 13% share of total imports. It was followed by Qatar, with a 0.2% share.

In Turkey, wind powered generator imports increased at an average annual rate of +6.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+110.2% per year) and Qatar (-3.2% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, waning by -20.9% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the import price increased by 656%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+22.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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