Europe: Ship Propeller Market 2024

Ship Propeller Market Size in Europe

In 2022, the Europe ship propeller market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded measured growth. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Ship Propeller Production in Europe

In value terms, ship propeller production surged to $X in 2022 estimated in export price. The total production indicated a perceptible expansion 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, production increased by X% against 2019 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Ship Propeller Exports

Exports in Europe

After three years of decline, overseas shipments of ships or boats propellers and blades therefor increased by X% to X units in 2022. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, ship propeller exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a mild decline. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Germany (X units), distantly followed by Spain (X units), Norway (X units), Denmark (X units), Italy (X units), the Netherlands (X units), Portugal (X units), Belgium (X units) and the UK (X units) were the key exporters of ships or boats propellers and blades therefor, together making up X% of total exports.

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

In value terms, Germany ($X), Spain ($X) and Norway ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Italy, the Netherlands, Belgium, Portugal, the UK and Denmark lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the UK, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the export price in Europe amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, 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 Belgium ($X per unit), while Denmark ($X per unit) was amongst the lowest.

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

Ship Propeller Imports

Imports in Europe

In 2022, supplies from abroad of ships or boats propellers and blades therefor increased by X% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, ship propeller imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, the Netherlands (X units) represented the major importer of ships or boats propellers and blades therefor, comprising X% of total imports. It was distantly followed by Spain (X units), Italy (X units), Norway (X units), Finland (X units), Denmark (X units) and Belgium (X units), together generating a X% share of total imports. Russia (X units), Sweden (X units), France (X units), Poland (X units), the UK (X units) and Germany (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ship propeller imports into the Netherlands stood at X%. At the same time, Poland (X%), Russia (X%), Spain (X%), the UK (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. Finland, Norway and Italy experienced a relatively flat trend pattern. By contrast, France (X%), Sweden (X%), Denmark (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Spain (X p.p.), Poland (X p.p.) and Russia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (X p.p.), Sweden (X p.p.), Germany (X p.p.) and Denmark (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Spain ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Belgium, Sweden, Germany, Finland, Norway, France, the UK, Russia, Poland and Denmark lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per unit, and then declined in the following year.

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 Germany ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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