Germany: Ship Propeller Market 2025

Ship Propeller Market Size in Germany

In 2022, after two years of growth, there was significant decline in the German ship propeller market, when its value decreased by -78.4% to $X. Overall, consumption, however, recorded a significant increase. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Ship Propeller Production in Germany

In value terms, ship propeller production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 30%. Ship propeller production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Ship Propeller Exports

Exports from Germany

In 2022, the amount of ships’ or boats’ propellers and blades therefor exported from Germany skyrocketed to X tons, growing by 151% compared with the previous year's figure. In general, exports, however, continue to indicate a noticeable reduction. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, ship propeller exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a perceptible downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), South Korea (X tons) and Egypt (X tons) were the main destinations of ship propeller exports from Germany, with a combined 70% share of total exports. Indonesia, Turkey, Spain, Liberia and Vietnam lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +287.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ship propeller exported from Germany were South Korea ($X), China ($X) and Egypt ($X), with a combined 56% share of total exports. Indonesia, Spain, Turkey, Vietnam and Liberia lagged somewhat behind, together accounting for a further 25%.

Indonesia, with a CAGR of +217.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ship propeller export price stood at $X per ton in 2022, reducing by -32.6% against the previous year. In general, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 100% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the 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 Vietnam ($X per ton), while the average price for exports to Liberia ($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 Spain (-0.6%), while the prices for the other major destinations experienced a decline.

Ship Propeller Imports

Imports into Germany

In 2022, the amount of ships’ or boats’ propellers and blades therefor imported into Germany contracted to X tons, falling by -12.7% against the previous year. Over the period under review, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 44%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ship propeller imports dropped remarkably to $X in 2022. Overall, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when imports increased by 67%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Spain (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of ship propeller imports to Germany, with a combined 58% share of total imports. Portugal, Japan, Thailand, the UK, Turkey, Sweden, South Korea, the United States and the Netherlands lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +75.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ship propeller suppliers to Germany were Portugal ($X), Spain ($X) and China ($X), with a combined 58% share of total imports. Taiwan (Chinese), Sweden, Japan, the UK, the United States, Turkey, the Netherlands, South Korea and Thailand lagged somewhat behind, together comprising a further 32%.

Turkey, with a CAGR of +85.5%, recorded the highest growth rate of 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

In 2022, the average ship propeller import price amounted to $X per ton, with a decrease of -2.6% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 63%. The import price peaked at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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