ASEAN: Ship Propeller Market 2024

Ship Propeller Market Size in ASEAN

In 2022, the ASEAN ship propeller market increased by X% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ship Propeller Production in ASEAN

In value terms, ship propeller production reduced to $X in 2022 estimated in export price. In general, production recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Ship Propeller Exports

Exports in ASEAN

In 2022, the amount of ships or boats propellers and blades therefor exported in ASEAN soared to X units, growing by X% against 2021 figures. In general, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ship propeller exports surged to $X in 2022. Overall, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Singapore (X units) and the Philippines (X units) were the key exporters of ships or boats propellers and blades therefor in ASEAN, together accounting for approx. X% of total exports. Malaysia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%). Thailand (X units) and Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest ship propeller supplying countries in ASEAN were Singapore ($X), the Philippines ($X) and Vietnam ($X), with a combined X% share of total exports. Malaysia, Thailand and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Ship Propeller Imports

Imports in ASEAN

In 2022, overseas purchases of ships or boats propellers and blades therefor increased by X% to X units, rising for the third consecutive year after six years of decline. Overall, imports posted a pronounced increase. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ship propeller imports soared to $X in 2022. In general, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Philippines represented the key importer of ships or boats propellers and blades therefor in ASEAN, with the volume of imports accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Vietnam (X units), Singapore (X units), Indonesia (X units) and Malaysia (X units), together constituting a X% share of total imports.

The Philippines was also the fastest-growing in terms of the ships or boats propellers and blades therefor imports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. By contrast, Singapore (X%), Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. The Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Indonesia and Singapore saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X), Singapore ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, the Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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