Netherlands: Ship Propeller Market 2024

Ship Propeller Market Size in the Netherlands

The Dutch ship propeller market soared to $X in 2022, jumping by 96% against the previous year. Over the period under review, consumption enjoyed a resilient expansion. Ship propeller consumption peaked in 2022 and is likely to continue growth in the immediate term.

Ship Propeller Production in the Netherlands

In value terms, ship propeller production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 154%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Ship Propeller Exports

Exports from the Netherlands

After three years of growth, shipments abroad of ships’ or boats’ propellers and blades therefor decreased by -8.4% to X tons in 2022. In general, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, ship propeller exports contracted to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 49%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for ship propeller exports from the Netherlands, accounting for a 23% share of total exports. Moreover, ship propeller exports to Turkey exceeded the volume sent to the second major destination, Norway (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to +29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-10.0% per year) and China (+2.8% per year).

In value terms, the largest markets for ship propeller exported from the Netherlands were Turkey ($X), China ($X) and France ($X), with a combined 44% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +27.9%, saw the highest growth rate of the value of exports, 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, standing approx. at the previous year. Overall, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hungary ($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 South Africa (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ship Propeller Imports

Imports into the Netherlands

In 2022, approx. X tons of ships’ or boats’ propellers and blades therefor were imported into the Netherlands; jumping by 49% compared with the previous year. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +10.5% 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 +85.0% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 80% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ship propeller imports soared to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +80.6% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of ship propeller to the Netherlands, with a 30% share of total imports. Moreover, ship propeller imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +35.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+6.3% per year) and the United States (+22.2% per year).

In value terms, the largest ship propeller suppliers to the Netherlands were the United States ($X), Spain ($X) and China ($X), with a combined 47% share of total imports. Portugal, Japan, Norway, the Philippines, the UK, Sweden, Singapore, Belgium, Italy and Denmark lagged somewhat behind, together comprising a further 40%.

Singapore, with a CAGR of +38.9%, recorded 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

In 2022, the average ship propeller import price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2016 an increase of 13%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Italy ($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 Philippines (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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