Romania: Ship Propeller Market 2024

Ship Propeller Market Size in Romania

The Romanian ship propeller market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Ship Propeller Production in Romania

In value terms, ship propeller production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a dramatic contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Ship propeller production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Ship Propeller Exports

Exports from Romania

In 2022, the amount of ships or boats propellers and blades therefor exported from Romania shrank sharply to X units, waning by X% on the year before. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, ship propeller exports dropped dramatically to $X in 2022. Overall, exports, however, recorded modest growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bulgaria (X units) was the main destination for ship propeller exports from Romania, with a X% share of total exports. Moreover, ship propeller exports to Bulgaria exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Bulgaria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Moldova (X% per year).

Export Prices by Country

The average ship propeller export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price 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, ship propeller export price increased by X% against 2019 indices. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per unit), while the average price for exports to Germany ($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 Bulgaria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ship Propeller Imports

Imports into Romania

In 2022, approx. X units of ships or boats propellers and blades therefor were imported into Romania; surging by X% compared with the year before. Overall, imports, however, saw a deep contraction. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, ship propeller imports declined to $X in 2022. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Russia (X units) constituted the largest supplier of ship propeller to Romania, accounting for a X% share of total imports. Moreover, ship propeller imports from Russia exceeded the figures recorded by the second-largest supplier, Norway (X units), threefold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and China (X% per year).

In value terms, Russia ($X), Greece ($X) and Norway ($X) were the largest ship propeller suppliers to Romania, together accounting for X% of total imports. China, Denmark, the Netherlands, Portugal, South Korea and Germany lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ship propeller import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :