South-Eastern Asia: Ship Propeller Market 2024

Ship Propeller Market Size in South-Eastern Asia

In 2022, the Southeast Asian ship propeller market increased by X% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated slight 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. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Ship Propeller Production in South-Eastern Asia

In value terms, ship propeller production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Ship Propeller Exports

Exports in South-Eastern Asia

Ship propeller exports soared to X units in 2022, with an increase of X% against the previous year's figure. Overall, exports, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ship propeller exports soared to $X in 2022. In general, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. 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

In 2022, Singapore (X units) and the Philippines (X units) were the largest exporters of ships or boats propellers and blades therefor in South-Eastern Asia, together amounting to near X% of total exports. Malaysia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%). The following exporters - Thailand (X units) and Indonesia (X units) - together made up X% of total exports.

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

In value terms, the largest ship propeller supplying countries in South-Eastern Asia were Singapore ($X), the Philippines ($X) and Vietnam ($X), with a combined X% share of total exports. Malaysia, Thailand and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The export price in South-Eastern Asia stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Ship Propeller Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of ships or boats propellers and blades therefor increased by X% to X units, rising for the third year in a row after six years of decline. In general, imports enjoyed pronounced growth. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ship propeller imports surged to $X in 2022. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The Philippines was the largest importer of ships or boats propellers and blades therefor in South-Eastern Asia, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Vietnam (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%), Indonesia (X%) and Malaysia (X%).

The Philippines 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, Vietnam (X%) displayed positive paces of growth. By contrast, Singapore (X%), Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X), Singapore ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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