In 2023, China, Spain, and Japan were leading exporters of ships' or boats' propellers and blades, with China showing consistent growth at 1.73%. Spain experienced a notable increase of 4.4%, whereas Japan faced a slight decline of 3.73%. Other countries like the United States and Russia showed growth of 1.74% and 3.27% respectively. Conversely, countries such as Norway, Germany, and Singapore saw declines of 4.48%, 3.56%, and 17.15%. The UAE and emerging markets like Ukraine and Cyprus demonstrated significant growth, pointing to diversifying global markets.
Future trends to watch include:
- Continued leadership of China and Spain with potential growth in environmentally friendly propellers.
- Emerging growth from the United Arab Emirates and other smaller markets, driven by technological advancements and localized production strategies.
- Potential challenges for traditional export leaders like Germany and Norway due to shifts in manufacturing and trade policies.
Top countries in Export of Ships' or Boats' Propellers and Blades Thereof by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 109,020,000 | 2023 | +1.24% | +1.73% | View data |
| 2 | 2 Spain | 85,391,000 | 2023 | +3.7% | +4.4% | View data |
| 3 | 3 Japan | 77,189,000 | 2023 | -7.34% | -3.73% | View data |
| 4 | 4 Germany | 66,204,000 | 2023 | -4.71% | -3.56% | View data |
| 5 | 5 United States | 57,798,000 | 2023 | +1.85% | +1.74% | View data |
| 6 | 6 Norway | 37,058,000 | 2023 | -5.93% | -4.48% | View data |
| 7 | 7 Portugal | 26,999,000 | 2023 | -0.46% | -1.66% | View data |
| 8 | 8 Sweden | 25,769,000 | 2023 | -1.96% | +0.24% | View data |
| 9 | 9 Italy | 24,865,000 | 2023 | +1.17% | -0.13% | View data |
| 10 | 10 Belgium | 22,961,000 | 2023 | +0.95% | +0.88% | View data |
