Brazil: Ship Propeller Market 2024

Ship Propeller Market Size in Brazil

After two years of growth, the Brazilian ship propeller market decreased by X% to $X in 2022. Overall, consumption enjoyed moderate growth. Ship propeller consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Ship Propeller Production in Brazil

In value terms, ship propeller production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Ship Propeller Exports

Exports from Brazil

In 2022, approx. X units of ships or boats propellers and blades therefor were exported from Brazil; with a decrease of X% on 2021 figures. In general, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, ship propeller exports contracted notably to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X units) was the main destination for ship propeller exports from Brazil, accounting for a X% share of total exports. Moreover, ship propeller exports to Paraguay exceeded the volume sent to the second major destination, Norway (X units), sixfold. The third position in this ranking was held by Uruguay (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Uruguay (X% per year).

In value terms, Paraguay ($X) emerged as the key foreign market for ships or boats propellers and blades therefor exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Paraguay totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the average ship propeller export price amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, saw a mild decline. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ship Propeller Imports

Imports into Brazil

In 2022, approx. X units of ships or boats propellers and blades therefor were imported into Brazil; declining by X% compared with the year before. In general, imports recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, ship propeller imports shrank sharply to $X in 2022. Over the period under review, imports showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest ship propeller supplier to Brazil, accounting for a X% share of total imports. Moreover, ship propeller imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. Sweden (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Sweden (X% per year).

In value terms, the United States ($X) constituted the largest supplier of ships or boats propellers and blades therefor to Brazil, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average ship propeller import price amounted to $X per unit, falling by X% against the previous year. In general, the import price, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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 Italy ($X per unit), while the price for Thailand ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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