Paraguay: Ship Propeller Market 2025

Ship Propeller Market Size in Paraguay

In 2022, the Paraguayan ship propeller market increased by 9.2% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a noticeable curtailment. Ship propeller consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ship Propeller Exports

Exports from Paraguay

In 2016, overseas shipments of ships’ or boats’ propellers and blades therefor were finally on the rise to reach X tons for the first time since 2013, thus ending a two-year declining trend. Overall, total exports indicated tangible growth from 2013 to 2016: its volume increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ship propeller exports surged to $X in 2016. In general, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for ship propeller exports from Paraguay, accounting for a 92% share of total exports. Moreover, ship propeller exports to the United States exceeded the volume sent to the second major destination, Uruguay (X tons), more than tenfold.

From 2013 to 2016, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) remains the key foreign market for ships’ or boats’ propellers and blades therefor exports from Paraguay, comprising 97% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 2.6% share of total exports.

From 2013 to 2016, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2016, the average ship propeller export price amounted to $X per ton, growing by 4.5% against the previous year. Overall, the export price, however, showed a mild shrinkage. The export price peaked at $X per ton in 2013; however, from 2014 to 2016, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2016, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Uruguay stood at $X per ton.

From 2013 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%).

Ship Propeller Imports

Imports into Paraguay

In 2022, overseas purchases of ships’ or boats’ propellers and blades therefor increased by 9.2% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2021 with an increase of 122%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, ship propeller imports expanded significantly to $X in 2022. In general, imports, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 74% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of ship propeller to Paraguay, accounting for a 25% share of total imports. Moreover, ship propeller imports from Brazil exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+60.2% per year) and Malaysia (+5.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of ships’ or boats’ propellers and blades therefor to Paraguay, comprising 26% of total imports. The second position in the ranking was held by Singapore ($X), with a 12% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+60.3% per year) and Malaysia (+27.2% per year).

Import Prices by Country

In 2022, the average ship propeller import price amounted to $X per ton, stabilizing at the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ship propeller import price decreased by -21.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 39%. The import price peaked at $X per ton in 2020; however, from 2021 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 the United States ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform