Report Update Mar 1, 2025

Philippines - Ships’ or Boats’ Propellers and Blades Therefor - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Ship Propeller Market 2025

Ship Propeller Market Size in the Philippines

In 2022, the Philippine ship propeller market increased by 94% to $X, rising for the second consecutive year after four years of decline. In general, consumption continues to indicate a strong increase. Ship propeller consumption peaked in 2022 and is expected to retain growth in the immediate term.

Ship Propeller Production in the Philippines

In value terms, ship propeller production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ship Propeller Exports

Exports from the Philippines

Ship propeller exports from the Philippines surged to X tons in 2022, rising by 71% compared with the year before. Overall, exports posted a noticeable increase. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ship propeller exports surged to $X in 2022. In general, exports, however, showed a deep downturn. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for ship propeller exports from the Philippines, accounting for a 26% share of total exports. Moreover, ship propeller exports to the Netherlands exceeded the volume sent to the second major destination, Japan (X tons), fourfold. The third position in this ranking was held by Singapore (X tons), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-12.2% per year) and Singapore (-10.1% per year).

In value terms, Japan ($X), Singapore ($X) and the UK ($X) were the largest markets for ship propeller exported from the Philippines worldwide, together accounting for 52% of total exports. The United States, the Netherlands and France lagged somewhat behind, together comprising a further 23%.

The Netherlands, with a CAGR of +2.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average ship propeller export price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the export price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while the average price for exports to the Netherlands ($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 France (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ship Propeller Imports

Imports into the Philippines

In 2022, overseas purchases of ships’ or boats’ propellers and blades therefor increased by 224% to X tons, rising for the second year in a row after three years of decline. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ship propeller imports surged to $X in 2022. Over the period under review, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of ship propeller to the Philippines, accounting for a 70% share of total imports. Moreover, ship propeller imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to +19.6%.

In value terms, Japan ($X) constituted the largest supplier of ships’ or boats’ propellers and blades therefor to the Philippines, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to +13.9%.

Import Prices by Country

The average ship propeller import price stood at $X per ton in 2022, remaining constant against the previous year. In general, the import price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2018 an increase of 46% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ships’ or boats’ propellers and blades therefor in the world?

The countries with the highest volumes of in 2021 were China, South Korea and Japan, with a combined 75% share of global consumption. Nigeria, the Netherlands and Germany lagged somewhat behind, together accounting for a further 14%.

What are the largest producers of ships’ or boats’ propellers and blades therefor in the world?

The countries with the highest volumes of in 2021 were China, South Korea and Japan, together accounting for 79% of global production. These countries were followed by Italy and Germany, which together accounted for a further 12%.

What are the leading suppliers of ships’ or boats’ propellers and blades therefor to the Philippines?

In value terms, Japan constituted the largest supplier of ship propeller to the Philippines.

What are the leading importers of ships’ or boats’ propellers and blades therefor from the Philippines?

In value terms, Japan remains the key foreign market for ship propeller exports from the Philippines, comprising 48% of total exports. The second position in the ranking was occupied by the United States, with a 23% share of total exports. It was followed by the UK, with a 16% share.

What is the average export price for ships’ or boats’ propellers and blades therefor in the Philippines?

The average ship propeller export price stood at $18,577 per ton in 2021, increasing by 49% against the previous year.

What is the average import price for ships’ or boats’ propellers and blades therefor in the Philippines?

In 2021, the average ship propeller import price amounted to $11,164 per ton, remaining stable against the previous year.

This report provides an in-depth analysis of the ship propeller market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25992600 - Shipsu2019 or boatsu2019 propellers and blades therefor

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024