United Kingdom: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in the UK

The UK wind powered generator market soared to $X in 2021, increasing by 155% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Wind powered generator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wind Powered Generator Production in the UK

In value terms, wind powered generator production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, saw a strong expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 32% against the previous year. Wind powered generator production peaked at $X in 2020, and then contracted in the following year.

Wind Powered Generator Exports

Exports from the UK

In 2021, the amount of wind powered generating sets exported from the UK surged to X units, picking up by 44% on the year before. In general, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 103% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, wind powered generator exports soared to $X in 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ireland (X units) was the main destination for wind powered generator exports from the UK, accounting for a 49% share of total exports. Moreover, wind powered generator exports to Ireland exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by Japan (X units), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland stood at +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.1% per year) and Japan (-4.1% per year).

In value terms, Ireland ($X) emerged as the key foreign market for wind powered generating sets exports from the UK, comprising 1.5% of total exports. The second position in the ranking was taken by the United States ($X), with a 0.2% share of total exports. It was followed by Japan, with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland stood at +52.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.3% per year) and Japan (+4.0% per year).

Export Prices by Country

In 2021, the average wind powered generator export price amounted to $X per unit, with an increase of 6,655% against the previous year. Over the period under review, the export price enjoyed a significant expansion. As a result, the export price attained the peak level 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 Denmark ($X per unit), while the average price for exports to Norway ($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 Iceland (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wind Powered Generator Imports

Imports into the UK

In 2021, supplies from abroad of wind powered generating sets increased by 570% to X units, rising for the second year in a row after seven years of decline. Over the period under review, imports, however, showed a pronounced shrinkage. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wind powered generator imports skyrocketed to $X in 2021. In general, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X units), Germany (X units) and China (X units) were the main suppliers of wind powered generator imports to the UK, with a combined 100% 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 Germany (with a CAGR of +12.4%), while imports for the other leaders experienced a decline.

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

In terms of the main suppliers, Germany, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average wind powered generator import price amounted to $X per unit, with a decrease of -42.3% against the previous year. In general, the import price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 228%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a 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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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