Israel: Ship Propeller Market 2025

Ship Propeller Market Size in Israel

In 2022, the Israeli ship propeller market decreased by -47% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, saw tangible growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Ship Propeller Exports

Exports from Israel

In 2022, after two years of decline, there was significant growth in overseas shipments of ships’ or boats’ propellers and blades therefor, when their volume increased by 195% to X tons. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 671%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, ship propeller exports skyrocketed to $X in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 556% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for ship propeller exports from Israel, accounting for a 81% share of total exports. Moreover, ship propeller exports to the United States exceeded the volume sent to the second major destination, Norway (X kg), more than tenfold. Germany (X kg) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-21.1% per year) and Germany (+2.7% per year).

In value terms, the United States ($X) remains the key foreign market for ships’ or boats’ propellers and blades therefor exports from Israel, comprising 83% of total exports. The second position in the ranking was taken by Norway ($X), with a 4.7% share of total exports. It was followed by the UK, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +34.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-23.4% per year) and the UK (+15.5% per year).

Export Prices by Country

In 2022, the average ship propeller export price amounted to $X per ton, falling by -8.2% against the previous year. Over the period under review, the export price saw a slight decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 China (+90.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ship Propeller Imports

Imports into Israel

In 2022, supplies from abroad of ships’ or boats’ propellers and blades therefor decreased by -46.6% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2017 when imports increased by 136%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, ship propeller imports dropped markedly to $X in 2022. Overall, imports, however, saw tangible growth. The pace of growth was the most pronounced in 2017 with an increase of 133%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest ship propeller supplier to Israel, with a 39% share of total imports. Moreover, ship propeller imports from the United States exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold. The third position in this ranking was taken by the Netherlands (X kg), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+8.6% per year) and the Netherlands (+19.9% per year).

In value terms, the largest ship propeller suppliers to Israel were Switzerland ($X), the United States ($X) and the Netherlands ($X), together comprising 75% of total imports. Germany, Taiwan (Chinese), Japan, Denmark, China, the Czech Republic, the UK, Italy and India lagged somewhat behind, together accounting for a further 17%.

Germany, with a CAGR of +32.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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, picking up by 20% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+49.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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