Austria: Ship Propeller Market 2025

Ship Propeller Market Size in Austria

In 2022, the Austrian ship propeller market increased by 38% to $X, rising for the fourth year in a row after two years of decline. In general, consumption saw a significant increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Ship Propeller Production in Austria

In value terms, ship propeller production surged to $X in 2022 estimated in export price. In general, production, however, faced a abrupt contraction. The growth pace was the most rapid in 2020 when the production volume increased by 97%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ship Propeller Exports

Exports from Austria

In 2022, approx. X tons of ships’ or boats’ propellers and blades therefor were exported from Austria; increasing by 8.6% compared with the previous year. Over the period under review, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 38% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ship propeller exports soared to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 88%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Croatia (X tons), Germany (X tons) and Hungary (X tons) were the main destinations of ship propeller exports from Austria, with a combined 66% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +17.0%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X) remains the key foreign market for ships’ or boats’ propellers and blades therefor exports from Austria, comprising 35% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Switzerland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Croatia stood at +34.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.6% per year) and Switzerland (+23.7% per year).

Export Prices by Country

In 2022, the average ship propeller export price amounted to $X per ton, growing by 28% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 91% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ship Propeller Imports

Imports into Austria

Ship propeller imports into Austria surged to X tons in 2022, with an increase of 21% on 2021. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +129.3% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 60% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ship propeller imports reached $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 71%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of ship propeller to Austria, accounting for a 41% share of total imports. Moreover, ship propeller imports from Belgium exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +475.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+41.0% per year) and China (+38.4% per year).

In value terms, Belgium ($X), the UK ($X) and Germany ($X) constituted the largest ship propeller suppliers to Austria, together comprising 69% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +631.3%, recorded the highest growth rate of the value of imports, 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 ton in 2022, dropping by -10.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 51%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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