Eastern Europe: Ship Propeller Market 2024

Ship Propeller Market Size in Eastern Europe

The East European ship propeller market soared to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ship Propeller Production in Eastern Europe

In value terms, ship propeller production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Ship Propeller Exports

Exports in Eastern Europe

In 2022, after two years of growth, there was significant decline in shipments abroad of ships or boats propellers and blades therefor, when their volume decreased by X% to X units. Over the period under review, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then declined dramatically in the following year.

In value terms, ship propeller exports contracted to $X in 2022. Overall, exports, however, recorded a slight expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the four major exporters of ships or boats propellers and blades therefor, namely Russia, Poland, Hungary and Bulgaria, represented more than two-thirds of total export. The following exporters - Latvia (X units) and Belarus (X units) - each recorded a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Bulgaria ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Hungary, Latvia and Belarus lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Belarus, with a CAGR of X%, saw the highest rates of growth with regard to 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 Eastern Europe stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price, however, saw a noticeable curtailment. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

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

Ship Propeller Imports

Imports in Eastern Europe

In 2022, supplies from abroad of ships or boats propellers and blades therefor increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports enjoyed a tangible expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, ship propeller imports reduced dramatically to $X in 2022. Total imports indicated a measured increase 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted significantly in the following year.

Imports by Country

Russia (X units) and Poland (X units) were the key importers of ships or boats propellers and blades therefor in 2022, amounting to near X% and X% of total imports, respectively. Hungary (X units) held the next position in the ranking, followed by Romania (X units) and Latvia (X units). All these countries together took approx. X% share of total imports. Estonia (X units) held a relatively small share of total imports.

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

In value terms, the largest ship propeller importing markets in Eastern Europe were Russia ($X), Poland ($X) and Latvia ($X), with a combined X% share of total imports. Hungary, Romania and Estonia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per unit in 2020; however, from 2021 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 Estonia ($X per unit), while Hungary ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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