Egypt: Ship Propeller Market 2024

Ship Propeller Market Size in Egypt

In 2022, the Egyptian ship propeller market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption saw a resilient increase. Ship propeller consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ship Propeller Production in Egypt

In value terms, ship propeller production surged to $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Ship propeller production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ship Propeller Exports

Exports from Egypt

After three years of growth, overseas shipments of ships or boats propellers and blades therefor decreased by X% to X units in 2022. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2021, and then fell markedly in the following year.

In value terms, ship propeller exports dropped notably to $X in 2022. Overall, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell notably in the following year.

Exports by Country

Norway (X units), Poland (X units) and the Netherlands (X units) were the main destinations of ship propeller exports from Egypt, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X.8%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2022, the average ship propeller export price amounted to $X per unit, waning by X% against the previous year. In general, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Norway ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ship Propeller Imports

Imports into Egypt

In 2022, supplies from abroad of ships or boats propellers and blades therefor was finally on the rise to reach X units after two years of decline. In general, imports enjoyed a prominent increase. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ship propeller imports soared to $X in 2022. Overall, imports recorded a prominent increase. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Spain (X units) and the Netherlands (X units) were the main suppliers of ship propeller imports to Egypt, with a combined X% share of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of ships or boats propellers and blades therefor to Egypt, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and China (X% per year).

Import Prices by Country

The average ship propeller import price stood at $X per unit in 2022, standing approx. at the previous year. In general, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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