Asia: Ship Propeller Market 2024

Ship Propeller Market Size in Asia

The Asian ship propeller market shrank modestly to $X in 2022, declining by X% against the previous year. In general, consumption saw a slight decrease. The growth pace was the most rapid in 2019 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Ship Propeller Production in Asia

In value terms, ship propeller production reduced modestly to $X in 2022 estimated in export price. In general, production recorded a mild slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ship Propeller Exports

Exports in Asia

In 2022, after seven years of decline, there was significant growth in shipments abroad of ships or boats propellers and blades therefor, when their volume increased by X% to X units. Overall, exports, however, continue to indicate a perceptible descent. The volume of export peaked 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. Over the period under review, exports, however, recorded a noticeable decrease. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan represented the main exporter of ships or boats propellers and blades therefor in Asia, with the volume of exports recording X units, which was approx. X% of total exports in 2022. China (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (X%), South Korea (X%) and Singapore (X%). The following exporters - the Philippines (X units) and Bahrain (X units) - together made up X% of total exports.

Exports from Japan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), Taiwan (Chinese) (X%), the Philippines (X%) and China (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Taiwan (Chinese), Bahrain and the Philippines increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest ship propeller supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, reducing by X% against the previous year. Overall, the export price recorded a mild descent. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the export price figures.

Ship Propeller Imports

Imports in Asia

In 2022, purchases abroad of ships or boats propellers and blades therefor increased by X% to X units, rising for the second year in a row after six years of decline. Overall, imports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ship propeller imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable downturn. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units), distantly followed by South Korea (X units), the Philippines (X units) and Turkey (X units) represented the main importers of ships or boats propellers and blades therefor, together achieving X% of total imports. Japan (X units), the United Arab Emirates (X units), Vietnam (X units), Singapore (X units), Indonesia (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

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

In value terms, China ($X) constitutes the largest market for imported ships or boats propellers and blades therefor in Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 ($X per unit), while South Korea ($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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