South Africa: Ship Propeller Market 2024

Ship Propeller Market Size in South Africa

The South African ship propeller market declined to $X in 2022, reducing by -12.2% against the previous year. Over the period under review, consumption, however, posted a slight increase. Ship propeller consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ship Propeller Production in South Africa

In value terms, ship propeller production expanded sharply to $X in 2022 estimated in export price. In general, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 566% against the previous year. Ship propeller production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Ship Propeller Exports

Exports from South Africa

In 2022, the amount of ships’ or boats’ propellers and blades therefor exported from South Africa skyrocketed to X tons, surging by 172% compared with 2021. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 457% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, ship propeller exports surged to $X in 2022. Over the period under review, exports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2016 with an increase of 314% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Namibia (X tons), Mozambique (X tons) and Botswana (X tons) were the main destinations of ship propeller exports from South Africa, with a combined 69% share of total exports. Angola, Democratic Republic of the Congo, Spain, France and the United States lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +366.0%), while the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Namibia ($X) and Spain ($X) appeared to be the largest markets for ship propeller exported from South Africa worldwide, with a combined 58% share of total exports.

Spain, with a CAGR of +227.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ship propeller export price amounted to $X per ton, which is down by -55.6% against the previous year. In general, the export price showed a perceptible shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 39%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Mozambique (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Ship Propeller Imports

Imports into South Africa

In 2022, approx. X tons of ships’ or boats’ propellers and blades therefor were imported into South Africa; with an increase of 28% against the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ship propeller imports skyrocketed to $X in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X tons), Namibia (X tons) and China (X tons) were the main suppliers of ship propeller imports to South Africa, with a combined 45% share of total imports. The Netherlands, Spain, the United States, the UK, South Korea and Germany lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +75.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ship propeller suppliers to South Africa were Taiwan (Chinese) ($X), the Netherlands ($X) and the UK ($X), together accounting for 40% of total imports. Spain, the United States, China, South Korea, Namibia and Germany lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Spain, with a CAGR of +67.6%, saw the highest growth rate of the value of imports, 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, surging by 9.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Namibia ($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 Netherlands (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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