Scandinavia: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Scandinavia

The Scandinavia wind powered generator market dropped rapidly to $X in 2021, waning by -83% against the previous year. In general, consumption, however, showed a modest expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Wind Powered Generator Production in Scandinavia

In value terms, wind powered generator production soared to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Wind Powered Generator Exports

Exports in Scandinavia

In 2021, approx. X units of wind powered generating sets were exported in Scandinavia; shrinking by -76.1% on 2020. Over the period under review, exports, however, continue to indicate moderate growth. The growth pace was the most rapid in 2018 when exports increased by 692% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, wind powered generator exports dropped dramatically to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 72%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Denmark (X units) was the key exporter of wind powered generating sets, generating 72% of total exports. It was distantly followed by Finland (X units), mixing up a 24% share of total exports. Sweden (X units) followed a long way behind the leaders.

Denmark experienced a relatively flat trend pattern with regard to volume of exports of wind powered generating sets. At the same time, Finland (+9.7%) and Sweden (+3.9%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +9.7% from 2012-2021. Finland (+11 p.p.) significantly strengthened its position in terms of the total exports, while Denmark saw its share reduced by -12.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest wind powered generator supplier in Scandinavia, comprising 100% of total exports. The second position in the ranking was taken by Finland ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+4.5% per year) and Sweden (+24.2% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, with an increase of 248% against the previous year. In general, the export price, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2019 an increase of 926%. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 Denmark ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+19.5%), while the other leaders experienced mixed trends in the export price figures.

Wind Powered Generator Imports

Imports in Scandinavia

In 2021, supplies from abroad of wind powered generating sets decreased by -69.6% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2017 when imports increased by 682% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wind powered generator imports contracted to $X in 2021. In general, imports, however, showed tangible growth. The pace of growth appeared the most rapid in 2019 when imports increased by 169% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Norway prevails in imports structure, reaching X units, which was approx. 90% of total imports in 2021. It was distantly followed by Sweden (X units), generating a 7.6% share of total imports.

Norway was also the fastest-growing in terms of the wind powered generating sets imports, with a CAGR of +13.3% from 2012 to 2021. Sweden (-4.7%) illustrated a downward trend over the same period. Norway (+20 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -20.4% from 2012 to 2021, respectively.

In value terms, the largest wind powered generator importing markets in Scandinavia were Sweden ($X) and Norway ($X).

Among the main importing countries, Norway, with a CAGR of +13.9%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, with an increase of 200% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2019 an increase of 220% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while Norway totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+0.5%).

Source: IndexBox Platform

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