Scandinavia: Ship Propeller Market 2024

Ship Propeller Market Size in Scandinavia

The Scandinavia ship propeller market skyrocketed to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ship Propeller Production in Scandinavia

In value terms, ship propeller production soared to $X in 2022 estimated in export price. Overall, production, however, saw a buoyant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Ship Propeller Exports

Exports in Scandinavia

In 2022, the amount of ships or boats propellers and blades therefor exported in Scandinavia reduced sharply to X units, which is down by X% compared with 2021. In general, exports recorded a mild descent. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached 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 contracted significantly to $X in 2022. Over the period under review, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway represented the key exporter of ships or boats propellers and blades therefor in Scandinavia, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Sweden (X units), comprising a X% share of total exports. Finland (X units) held a relatively small share of total exports.

Norway experienced a relatively flat trend pattern with regard to volume of exports of ships or boats propellers and blades therefor. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Sweden (X%) illustrated a downward trend over the same period. Norway (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2022.

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 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 Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Ship Propeller Imports

Imports in Scandinavia

In 2022, ship propeller imports in Scandinavia was estimated at X units, therefore, remained relatively stable against the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, ship propeller imports stood at $X in 2022. Overall, imports, however, showed a mild setback. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Norway (X units) and Finland (X units) represented roughly X% of total imports in 2022. It was distantly followed by Sweden (X units), committing a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest ship propeller importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

In terms of the main importing countries, Finland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, approximately reflecting the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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