Benelux: Ship Propeller Market 2025

Ship Propeller Market Size in Benelux

In 2022, the Benelux ship propeller market increased by 75% to $X for the first time since 2018, thus ending a three-year declining trend. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +11.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Ship Propeller Production in Benelux

In value terms, ship propeller production reached $X in 2022 estimated in export price. Overall, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ship Propeller Exports

Exports in Benelux

In 2022, shipments abroad of ships’ or boats’ propellers and blades therefor decreased by -3.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of 83% against the previous year. As a result, the exports attained the peak of X tons, and then dropped slightly in the following year.

In value terms, ship propeller exports shrank modestly to $X in 2022. In general, exports, however, posted a modest increase. The growth pace was the most rapid in 2021 with an increase of 72%. As a result, the exports reached the peak of $X, and then declined modestly in the following year.

Exports by Country

In 2022, the Netherlands (X tons), distantly followed by Belgium (X tons) represented the main exporters of ships’ or boats’ propellers and blades therefor, together comprising 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +6.6%).

In value terms, the largest ship propeller supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

Among the main exporting countries, Belgium, with a CAGR of +5.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a slight descent. The growth pace was the most rapid in 2018 an increase of 13% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-1.5%).

Ship Propeller Imports

Imports in Benelux

In 2022, the amount of ships’ or boats’ propellers and blades therefor imported in Benelux surged to X tons, rising by 39% on 2021. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +8.7% 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 +96.6% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 50%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, ship propeller imports soared to $X in 2022. Overall, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands represented the largest importer of ships’ or boats’ propellers and blades therefor in Benelux, with the volume of imports accounting for X tons, which was near 87% of total imports in 2022. It was distantly followed by Belgium (X tons), mixing up a 13% share of total imports.

The Netherlands was also the fastest-growing in terms of the ships’ or boats’ propellers and blades therefor imports, with a CAGR of +10.5% from 2012 to 2022. At the same time, Belgium (+1.1%) displayed positive paces of growth. The Netherlands (+14 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -13.5% from 2012 to 2022, respectively.

In value terms, the largest ship propeller importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

Among the main importing countries, Belgium, with a CAGR of +7.7%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price recorded a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of 22%. Over the period under review, import prices reached the maximum at $X per ton 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 Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.6%).

Source: IndexBox Platform