Russian Federation: Ship Propeller Market 2025

Ship Propeller Market Size in the Russian Federation

After two years of growth, the Russian ship propeller market decreased by -10.5% to $X in 2022. In general, consumption continues to indicate a perceptible decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ship Propeller Production in the Russian Federation

In value terms, ship propeller production soared to $X in 2022 estimated in export price. In general, production, however, showed a deep reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 88%. Ship propeller production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Ship Propeller Exports

Exports from the Russian Federation

In 2022, after two years of growth, there was significant decline in shipments abroad of ships’ or boats’ propellers and blades therefor, when their volume decreased by -38.1% to X tons. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 321% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, ship propeller exports contracted markedly to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 256% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X tons) was the main destination for ship propeller exports from Russia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus amounted to +261.0%.

In value terms, Belarus ($X) emerged as the key foreign market for ships’ or boats’ propellers and blades therefor exports from Russia.

From 2012 to 2022, the average annual rate of growth in terms of value to Belarus totaled +171.3%.

Export Prices by Country

The average ship propeller export price stood at $X per ton in 2022, increasing by 3.5% against the previous year. In general, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 45% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +49.2% per year.

Ship Propeller Imports

Imports into the Russian Federation

In 2022, after two years of growth, there was significant decline in supplies from abroad of ships’ or boats’ propellers and blades therefor, when their volume decreased by -31.5% to X tons. In general, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 229% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, ship propeller imports contracted rapidly to $X in 2022. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 146% against the previous year. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest ship propeller supplier to Russia, with a 63% share of total imports. Moreover, ship propeller imports from Italy exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. China (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +72.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+198.5% per year) and China (+16.2% per year).

In value terms, Italy ($X) constituted the largest supplier of ships’ or boats’ propellers and blades therefor to Russia, comprising 62% of total imports. The second position in the ranking was held by Denmark ($X), with a 15% share of total imports. It was followed by China, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +48.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+128.0% per year) and China (+9.1% per year).

Import Prices by Country

The average ship propeller import price stood at $X per ton in 2022, increasing by 2.7% against the previous year. In general, the import price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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 Norway ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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