Report Update: May 1, 2024

Hong Kong SAR, China - Ships’ Or Boats’ Propellers And Blades Therefor - Market Analysis, Forecast, Size, Trends And Insights

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Ship Propeller Price in Hong Kong SAR - 2023

Ship Propeller Price in Hong Kong SAR (FOB) - 2023

In June 2023, the average ship propeller export price amounted to $2,138 per unit, picking up by 15% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 1,125% m-o-m. As a result, the export price attained the peak level of $8,136 per unit; afterwards, it flattened through to June 2023.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($12,608 per unit), while the average price for exports to Australia ($499 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ship Propeller Price in Hong Kong SAR (CIF) - 2022

The average ship propeller import price stood at $48 per unit in 2022, growing by 12% against the previous year. In general, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 556% against the previous year. Over the period under review, average import prices hit record highs at $51 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($79 per unit), while the price for Italy ($38 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Ship Propeller Exports in Hong Kong SAR

After three years of growth, overseas shipments of ships or boats propellers and blades therefor decreased by -72.9% to 43K units in 2022. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 104%. As a result, the exports reached the peak of 158K units, and then contracted rapidly in the following year.

In value terms, ship propeller exports dropped dramatically to $2.2M in 2022. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 105% against the previous year. As a result, the exports reached the peak of $8M, and then shrank notably in the following year.

Export of Ship Propeller in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	94.9	248	825	529	77.3%
United States	134	543	1,405	509	56.0%
China	1,778	1,333	834	400	-39.2%
Germany	1,015	1,155	2,348	398	-26.8%
United Kingdom	164	205	1,107	131	-7.2%
France	42.0	25.3	138	71.6	19.5%
Spain	0.6	3.2	6.6	66.6	380.6%
Finland	N/A	N/A	228	38.8	-83.0%
Austria	105	125	299	5.5	-62.6%
Others	33.8	244	762	71.9	28.6%
Total	3,367	3,882	7,954	2,221	-13.0%

Top Export Markets for Ship Propeller from Hong Kong SAR in 2022:

United States (12.0K units)
Netherlands (11.0K units)
Germany (7.9K units)
China (4.0K units)
United Kingdom (2.5K units)
France (1.6K units)
Spain (1.3K units)
Finland (1.0K units)
Austria (0.1K units)

Ship Propeller Imports in Hong Kong SAR

In 2022, supplies from abroad of ships or boats propellers and blades therefor decreased by -71.9% to 50K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 124%. As a result, imports reached the peak of 176K units, and then contracted rapidly in the following year.

In value terms, ship propeller imports fell sharply to $2.4M in 2022. In general, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 123%. As a result, imports reached the peak of $7.5M, and then plummeted in the following year.

Import of Ship Propeller in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,557	2,756	7,055	1,937	7.6%
United Kingdom	114	58.0	57.5	230	26.4%
Germany	44.7	10.8	7.6	98.3	30.0%
Italy	202	383	231	62.6	-32.3%
Norway	870	12.2	11.4	N/A	-88.6%
Others	315	151	155	45.7	-47.5%
Total	3,103	3,371	7,518	2,374	-8.5%

Top Suppliers of Ship Propeller to Hong Kong SAR in 2022:

China (40.7K units)
United Kingdom (5.1K units)
Italy (1.7K units)
Germany (1.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ship propeller market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25992600 - Shipsu2019 or boatsu2019 propellers and blades therefor

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023