Report Update Jan 1, 2025

Azerbaijan - Ships’ or Boats’ Propellers and Blades Therefor - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Ship Propeller Market 2025

Ship Propeller Market Size in Azerbaijan

The Azerbaijani ship propeller market reduced sharply to $X in 2022, waning by -53.7% against the previous year. Overall, consumption recorded a abrupt decrease. Ship propeller consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Ship Propeller Production in Azerbaijan

In value terms, ship propeller production soared to $X in 2022 estimated in export price. In general, production enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 2,116% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Ship Propeller Exports

Exports from Azerbaijan

In 2022, overseas shipments of ships’ or boats’ propellers and blades therefor increased by 317% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a perceptible increase. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, ship propeller exports soared to $X in 2022. Overall, exports, however, recorded a abrupt descent. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for ship propeller exports from Azerbaijan, accounting for a 97% share of total exports. It was followed by Norway (X kg), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest.

In value terms, Russia ($X) emerged as the key foreign market for ships’ or boats’ propellers and blades therefor exports from Azerbaijan, comprising 81% of total exports. The second position in the ranking was held by Norway ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia was relatively modest.

Export Prices by Country

The average ship propeller export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+5.3%).

Ship Propeller Imports

Imports into Azerbaijan

In 2022, the amount of ships’ or boats’ propellers and blades therefor imported into Azerbaijan shrank dramatically to X kg, declining by -92.9% against 2021. Overall, imports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of 58%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ship propeller imports fell rapidly to $X in 2022. Over the period under review, imports recorded a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of 238%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X kg), Japan (X kg) and Norway (X kg) were the main suppliers of ship propeller imports to Azerbaijan, together accounting for 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +31.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest ship propeller suppliers to Azerbaijan were Germany ($X), the Netherlands ($X) and Japan ($X), together comprising 86% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +3.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average ship propeller import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a mild expansion. The pace of growth appeared the most rapid in 2020 an increase of 114% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+50.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ships’ or boats’ propellers and blades therefor in the world?

The countries with the highest volumes of in 2021 were China, South Korea and Japan, with a combined 75% share of global consumption. Nigeria, the Netherlands and Germany lagged somewhat behind, together comprising a further 14%.

What are the largest producers of ships’ or boats’ propellers and blades therefor in the world?

The countries with the highest volumes of in 2021 were China, South Korea and Japan, with a combined 79% share of global production. These countries were followed by Italy and Germany, which together accounted for a further 12%.

What are the leading suppliers of ships’ or boats’ propellers and blades therefor to Azerbaijan?

In value terms, the Netherlands, Japan and Italy were the largest ship propeller suppliers to Azerbaijan, together comprising 85% of total imports.

What are the leading importers of ships’ or boats’ propellers and blades therefor from Azerbaijan?

In value terms, the United Arab Emirates and Turkmenistan were the largest markets for ship propeller exported from Azerbaijan worldwide.

What is the average export price for ships’ or boats’ propellers and blades therefor in Azerbaijan?

In 2021, the average ship propeller export price amounted to $11,325 per ton, with an increase of 31% against the previous year.

What is the average import price for ships’ or boats’ propellers and blades therefor in Azerbaijan?

The average ship propeller import price stood at $29,391 per ton in 2021, standing approx. at the previous year.

This report provides an in-depth analysis of the ship propeller market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25992600 - Shipsu2019 or boatsu2019 propellers and blades therefor

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024