Southern Asia: Ship Propeller Market 2025

Ship Propeller Market Size in Southern Asia

The South Asian ship propeller market amounted to $X in 2022, rising by 1.9% against the previous year. Over the period under review, consumption showed a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ship Propeller Production in Southern Asia

In value terms, ship propeller production rose rapidly to $X in 2022 estimated in export price. Overall, production posted temperate growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 172% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ship Propeller Exports

Exports in Southern Asia

After two years of decline, shipments abroad of ships’ or boats’ propellers and blades therefor increased by 153% to X tons in 2022. Over the period under review, exports, however, saw a deep setback. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ship propeller exports surged to $X in 2022. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 221%. 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

Pakistan represented the main exporter of ships’ or boats’ propellers and blades therefor in Southern Asia, with the volume of exports accounting for X tons, which was approx. 54% of total exports in 2022. Bangladesh (X tons) ranks second in terms of the total exports with a 30% share, followed by India (13%). Sri Lanka (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +76.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest ship propeller supplying countries in Southern Asia were Pakistan ($X), Bangladesh ($X) and India ($X), with a combined 93% share of total exports.

Pakistan, with a CAGR of +67.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2014 when the export price increased by 141%. The level of export peaked at $X per ton in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+10.1%), while the other leaders experienced more modest paces of growth.

Ship Propeller Imports

Imports in Southern Asia

For the third year in a row, Southern Asia recorded decline in purchases abroad of ships’ or boats’ propellers and blades therefor, which decreased by -13.4% to X tons in 2022. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 55%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ship propeller imports amounted to $X in 2022. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by 69%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the key importer of ships’ or boats’ propellers and blades therefor, committing 46% of total imports. It was distantly followed by Bangladesh (X tons), Maldives (X tons) and Sri Lanka (X tons), together generating a 52% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of +19.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X) constitutes the largest market for imported ships’ or boats’ propellers and blades therefor in Southern Asia, comprising 67% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 16% share of total imports. It was followed by Maldives, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to -9.4%. In the other countries, the average annual rates were as follows: Bangladesh (+6.8% per year) and Maldives (+7.7% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by 26% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Maldives ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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