Denmark: Ship Propeller Market 2025

Ship Propeller Market Size in Denmark

The Danish ship propeller market rose slightly to $X in 2022, growing by 1.6% against the previous year. Over the period under review, consumption, however, saw a sharp decline. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Ship Propeller Production in Denmark

In value terms, ship propeller production amounted to less than $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern.

Ship Propeller Exports

Exports from Denmark

In 2022, overseas shipments of ships’ or boats’ propellers and blades therefor increased by 51% to X tons, rising for the second consecutive year after three years of decline. In general, exports posted strong growth. The growth pace was the most rapid in 2017 when exports increased by 226%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, ship propeller exports surged to $X in 2022. Overall, exports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 174% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons), Germany (X tons) and France (X tons) were the main destinations of ship propeller exports from Denmark, together comprising 52% of total exports. Italy, Norway, the Netherlands, China, Finland, Sweden, the United States and Singapore lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +39.3%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for ships’ or boats’ propellers and blades therefor exports from Denmark, comprising 29% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports. It was followed by Germany, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.9% per year) and Germany (+6.4% per year).

Export Prices by Country

The average ship propeller export price stood at $X per ton in 2022, waning by -13.4% against the previous year. Overall, the export price showed a abrupt decline. The growth pace was the most rapid in 2013 when the average export price increased by 9.5% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 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 Singapore ($X per ton), while the average price for exports to Italy ($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 the UK (-2.8%), while the prices for the other major destinations experienced a decline.

Ship Propeller Imports

Imports into Denmark

In 2022, approx. X tons of ships’ or boats’ propellers and blades therefor were imported into Denmark; with a decrease of -35.7% compared with 2021 figures. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, ship propeller imports contracted significantly to $X in 2022. Overall, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 61%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of ship propeller to Denmark, accounting for a 42% share of total imports. Moreover, ship propeller imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Norway (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.0% per year) and Norway (-3.9% per year).

In value terms, the largest ship propeller suppliers to Denmark were China ($X), Norway ($X) and Portugal ($X), together accounting for 69% of total imports. The Netherlands, Spain, Sweden, the UK and Italy lagged somewhat behind, together accounting for a further 20%.

Spain, with a CAGR of +51.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 an increase of 65%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Netherlands ($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 UK (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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