South Africa: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in South Africa

In 2021, the South African wind powered generator market decreased by -94.3% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption continues to indicate a dramatic contraction. Over the period under review, the market reached the peak level at $X in 2020, and then contracted dramatically in the following year.

Wind Powered Generator Exports

Exports from South Africa

In 2021, the amount of wind powered generating sets exported from South Africa soared to X units, surging by 96% compared with 2020 figures. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 736,282% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, wind powered generator exports contracted rapidly to $X in 2021. Overall, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 909%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for wind powered generator exports from South Africa, with a 74% share of total exports. Moreover, wind powered generator exports to France exceeded the volume sent to the second major destination, Seychelles (X units), tenfold. Botswana (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +97.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (0.0% per year) and Botswana (+30.2% per year).

In value terms, the largest markets for wind powered generator exported from South Africa were Botswana ($X), France ($X) and China ($X), with a combined 49% share of total exports. Swaziland, Germany, the United States, Seychelles and Spain lagged somewhat behind, together comprising a further 26%.

Germany, with a CAGR of +63.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wind powered generator export price stood at $X per unit in 2021, shrinking by -89% against the previous year. Overall, the export price saw a dramatic contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 68,202%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to France ($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 China (+295.3%), while the prices for the other major destinations experienced a decline.

Wind Powered Generator Imports

Imports into South Africa

In 2021, after two years of growth, there was significant decline in purchases abroad of wind powered generating sets, when their volume decreased by -93.9% to X units. Over the period under review, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 815,743%. Imports peaked at X units in 2020, and then contracted rapidly in the following year.

In value terms, wind powered generator imports fell remarkably to $X in 2021. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 445,723%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of wind powered generator to South Africa, with a 74% share of total imports. Moreover, wind powered generator imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by China (X units), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-22.9% per year) and China (-39.9% per year).

In value terms, Spain ($X) constituted the largest supplier of wind powered generating sets to South Africa, comprising 80% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by China, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +72.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+40.4% per year) and China (+1.4% per year).

Import Prices by Country

The average wind powered generator import price stood at $X per unit in 2021, falling by -33.5% against the previous year. Overall, the import price, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 56,523% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for the United States ($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 (+832.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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