CIS: Ship Propeller Market 2024

Ship Propeller Market Size in CIS

In 2022, the CIS ship propeller market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ship Propeller Production in CIS

In value terms, ship propeller production rose significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Ship Propeller Exports

Exports in CIS

After two years of growth, shipments abroad of ships or boats propellers and blades therefor decreased by X% to X units in 2022. In general, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, ship propeller exports contracted dramatically to $X in 2022. Overall, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Russia dominates exports structure, recording X units, which was near X% of total exports in 2022. It was distantly followed by Belarus (X units), generating a X% share of total exports. Kazakhstan (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ship propeller exports from Russia stood at X%. At the same time, Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. While the share of Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest ship propeller supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

In Russia, ship propeller exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, approximately mirroring the previous year. In general, the export price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 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 Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

Ship Propeller Imports

Imports in CIS

In 2022, after two years of growth, there was significant decline in purchases abroad of ships or boats propellers and blades therefor, when their volume decreased by X% to X units. Over the period under review, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, ship propeller imports declined markedly to $X in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

Russia prevails in imports structure, reaching X units, which was approx. X% of total imports in 2022. The following importers - Kazakhstan (X units), Kyrgyzstan (X units) and Belarus (X units) - each finished at an X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kyrgyzstan, Belarus and Kazakhstan increased by X, X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported ships or boats propellers and blades therefor in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

In Russia, ship propeller imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, leveling off at the previous year. Overall, the import price, however, showed a perceptible slump. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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