Vessels; Warships Price in the UK - 2022

Vessels; Warships Price in the UK (FOB) - 2022

The average vessels; warships export price stood at $349,332 per ton in 2022, with an increase of 19% against the previous year. Overall, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 64% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($304,000 per ton), while the average price for exports to Australia stood at $303,189 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+13.4%).

Vessels; Warships Exports in the UK

For the fourth consecutive year, the UK recorded growth in overseas shipments of vessels; warshipses, which increased by 68% to 20 tons in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 315%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, vessels; warships exports surged to $7M in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 357% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.