Central Asia: Ship Propeller Market 2025

Ship Propeller Market Size in Central Asia

In 2022, the Central Asian ship propeller market increased by 37% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ship Propeller Production in Central Asia

In value terms, ship propeller production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 55% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ship Propeller Exports

Exports in Central Asia

In 2022, the amount of ships’ or boats’ propellers and blades therefor exported in Central Asia surged to X tons, rising by 51% compared with the previous year. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,215%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ship propeller exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,168% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Kazakhstan prevails in exports structure, finishing at X tons, which was near 94% of total exports in 2022. It was distantly followed by Turkmenistan (X kg), mixing up a 4.9% share of total exports.

Exports from Kazakhstan increased at an average annual rate of +23.2% from 2012 to 2022. At the same time, Turkmenistan (+34.1%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +34.1% from 2012-2022. From 2012 to 2022, the share of Turkmenistan increased by +2.7 percentage points.

In value terms, Turkmenistan ($X) emerged as the largest ship propeller supplier in Central Asia, comprising 83% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkmenistan amounted to +63.5%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, with an increase of 497% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Turkmenistan ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkmenistan (+21.9%).

Ship Propeller Imports

Imports in Central Asia

In 2022, approx. X tons of ships’ or boats’ propellers and blades therefor were imported in Central Asia; increasing by 260% on 2021 figures. In general, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ship propeller imports soared to $X in 2022. Over the period under review, imports posted a perceptible increase. The most prominent rate of growth was recorded in 2019 when imports increased by 146%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) and Kyrgyzstan (X tons) were the main importers of ships’ or boats’ propellers and blades therefor in Central Asia, together accounting for near 80% of total imports. It was distantly followed by Turkmenistan (X tons) and Uzbekistan (X tons), together committing a 20% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kyrgyzstan (with a CAGR of +111.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ship propeller importing markets in Central Asia were Kazakhstan ($X), Turkmenistan ($X) and Kyrgyzstan ($X), together comprising 86% of total imports.

Among the main importing countries, Kyrgyzstan, with a CAGR of +99.9%, saw the highest rates of growth with regard to 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

In 2022, the import price in Central Asia amounted to $X per ton, which is down by -40.9% against the previous year. In general, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 74% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+7.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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