Ukraine: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Ukraine

In 2021, the Ukrainian wind powered generator market decreased by -51.1% to $X, falling for the second consecutive year after four years of growth. Overall, consumption recorded a abrupt setback. Wind powered generator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wind Powered Generator Production in Ukraine

In value terms, wind powered generator production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 36%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Wind Powered Generator Exports

Exports from Ukraine

In 2021, after three years of growth, there was significant decline in shipments abroad of wind powered generating sets, when their volume decreased by -40.7% to X units. In general, exports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 2,600% against the previous year. As a result, the exports attained the peak of X units, and then dropped dramatically in the following year.

In value terms, wind powered generator exports stood at $X in 2021. Overall, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2020 when exports increased by 3,212% 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

Kazakhstan (X units) was the main destination for wind powered generator exports from Ukraine, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan amounted to +9.6%.

In value terms, Kazakhstan ($X) remains the key foreign market for wind powered generating sets exports from Ukraine, comprising 100% of total exports. The second position in the ranking was held by Russia ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan totaled +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-53.1% per year) and France (-63.8% per year).

Export Prices by Country

The average wind powered generator export price stood at $X per unit in 2021, increasing by 74% against the previous year. Overall, the export price saw a prominent increase. The pace of growth was the most pronounced in 2019 an increase of 213% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to France ($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 Kazakhstan (+12.9%), while the prices for the other major destinations experienced a decline.

Wind Powered Generator Imports

Imports into Ukraine

In 2021, overseas purchases of wind powered generating sets decreased by -51.2% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 10,989%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, wind powered generator imports reduced sharply to $X in 2021. Overall, imports, however, saw buoyant growth. The growth pace was the most rapid in 2016 when imports increased by 682,038%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), Denmark (X units) and Spain (X units) were the main suppliers of wind powered generator imports to Ukraine, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +154.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Spain ($X) constituted the largest wind powered generator suppliers to Ukraine, with a combined 35% share of total imports.

Among the main suppliers, Spain, with a CAGR of +46.8%, recorded the highest growth rate of 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 average wind powered generator import price amounted to $X per unit, jumping by 24% against the previous year. Overall, the import price saw significant growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 5,900% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained 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 China ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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