South Africa: Ship Propeller Market 2024

Ship Propeller Market Size in South Africa

The South African ship propeller market reduced to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, recorded a modest expansion. Ship propeller consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Ship Propeller Production in South Africa

In value terms, ship propeller production rose markedly to $X in 2022 estimated in export price. In general, production saw resilient growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Ship propeller production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Ship Propeller Exports

Exports from South Africa

In 2022, the amount of ships or boats propellers and blades therefor exported from South Africa surged to X units, picking up by X% compared with 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ship propeller exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Namibia (X units), Mozambique (X units) and Botswana (X units) were the main destinations of ship propeller exports from South Africa, together accounting for X% of total exports. Angola, Democratic Republic of the Congo, Spain, France and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ship propeller exported from South Africa were Mozambique ($X), Namibia ($X) and Spain ($X), together accounting for X% of total exports.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ship propeller export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 Mozambique (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ship Propeller Imports

Imports into South Africa

Ship propeller imports into South Africa surged to X units in 2022, rising by X% on 2021 figures. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ship propeller imports soared to $X in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units), Namibia (X units) and China (X units) were the main suppliers of ship propeller imports to South Africa, with a combined X% share of total imports. The Netherlands, Spain, the United States, the UK, South Korea and Germany lagged somewhat behind, together accounting for a further X%.

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, Taiwan (Chinese) ($X), the Netherlands ($X) and the UK ($X) constituted the largest ship propeller suppliers to South Africa, with a combined X% share of total imports. Spain, the United States, China, South Korea, Namibia and Germany lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2012; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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