Latin America and the Caribbean: Ship Propeller Market 2024

Ship Propeller Market Size in Latin America and the Caribbean

The Latin American ship propeller market dropped to $X in 2022, which is down by X% against the previous year. The total consumption indicated perceptible growth 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Ship Propeller Production in Latin America and the Caribbean

In value terms, ship propeller production rose remarkably to $X in 2022 estimated in export price. Overall, production recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Ship Propeller Exports

Exports in Latin America and the Caribbean

In 2022, the amount of ships or boats propellers and blades therefor exported in Latin America and the Caribbean soared to X units, jumping by X% against the year before. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ship propeller exports skyrocketed to $X in 2022. Overall, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Panama dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Mexico (X units), making up an X% share of total exports. Argentina (X units) took a little share of total exports.

Panama was also the fastest-growing in terms of the ships or boats propellers and blades therefor exports, with a CAGR of X% from 2012 to 2022. At the same time, Argentina (X%) displayed positive paces of growth. By contrast, Mexico (X%) illustrated a downward trend over the same period. While the share of Panama (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Panama ($X) emerged as the largest ship propeller supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Panama stood at X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price showed a perceptible decline. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

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

Ship Propeller Imports

Imports in Latin America and the Caribbean

In 2022, imports of ships or boats propellers and blades therefor in Latin America and the Caribbean soared to X units, with an increase of X% on 2021 figures. Overall, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ship propeller imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Panama prevails in imports structure, accounting for X units, which was near X% of total imports in 2022. Mexico (X units) held the second position in the ranking, followed by Brazil (X units). All these countries together took approx. X% share of total imports. Peru (X units), Bahamas (X units), Chile (X units), Venezuela (X units), Colombia (X units) and Paraguay (X units) held a minor share of total imports.

Panama was also the fastest-growing in terms of the ships or boats propellers and blades therefor imports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%), Mexico (X%), Bahamas (X%), Colombia (X%), Venezuela (X%) and Chile (X%) displayed positive paces of growth. By contrast, Paraguay (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Panama increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Panama, ship propeller imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, which is down by X% against the previous year. In general, the import price showed a slight curtailment. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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