Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Russia - 2022

Contents:

1. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Russia (CIF) - 2022
2. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Russia (FOB) - 2022
3. Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Russia
4. Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Russia

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Russia (CIF) - 2022

The average import price for vessels; other, including warships and lifeboats, other than rowing boatses stood at $10,847,958 per unit in 2022, rising by 53% against the previous year. In general, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 705%. The import price peaked at $22,338,866 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 South Korea ($22,103,430 per unit), while the price for Uzbekistan ($16,008 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+102.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Russia (FOB) - 2022

The average export price for vessels; other, including warships and lifeboats, other than rowing boatses stood at $525,037 per unit in 2022, falling by -56.7% against the previous year. Overall, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of 4,394%. As a result, the export price attained the peak level of $29,292,606 per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($1,473,741 per unit), while the average price for exports to the United Arab Emirates ($67,765 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1,144.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Russia

In 2022, purchases abroad of vessels; other, including warships and lifeboats, other than rowing boatses decreased by -35% to 13 units, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 40% against the previous year. As a result, imports reached the peak of 21 units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of vessels; other, including warships and lifeboats, other than rowing boatses reduced modestly to $141M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 78% against the previous year. Over the period under review, imports of reached the peak figure at $142M in 2021, and then shrank in the following year.

Top Suppliers of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats to Russia in 2022:

1. South Korea (6.0 units)
2. Turkey (1.0 units)
3. Netherlands (1.0 units)
4. Taiwan (Chinese) (1.0 units)
5. Uzbekistan (1.0 units)
6. Vietnam (1.0 units)
7. China (1.0 units)
8. Norway (1.0 units)

Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Russia

In 2022, overseas shipments of vessels; other, including warships and lifeboats, other than rowing boatses decreased by -37.5% to 5 units, falling for the second consecutive year after two years of growth. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 50%. As a result, the exports reached the peak of 12 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vessels; other, including warships and lifeboats, other than rowing boatses reduced dramatically to $2.6M in 2022. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 6,642%. As a result, the exports reached the peak of $352M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats from Russia in 2022:

1. United Arab Emirates (1.0 units)
2. Kazakhstan (1.0 units)
3. China (1.0 units)
4. Azerbaijan (1.0 units)
5. Estonia (1.0 units)

Source: IndexBox Market Intelligence Platform