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Russia Ranks Second in Submarine Exporters Rating

Russia Ranks Second in Submarine Exporters Rating 05.06.2012
Text: RusNavy.com
Photo by snariad.ru
Russia is the world's second largest exporter of new submarines in the period of 2008-2015, reports World Arms Trade Analytic Center (WATAC).

According to WATAC, in the coming 4-year period (2012-2015) 15 new submarines will be exported worldwide to the amount of $6.25 bln in case all delivery schedules, declared intentions, and active tenders are fulfilled.

In the past 4-year period (2008-2011 ??.), 11 new subs were either exported or built under license to the sum of about $4 bln.

Generally, 12 submarines were exported in that period for $4.1 bln. Sales volume of new subs was 91.66% out of overall number or 98.29% out of worldwide delivery costs.

Deliveries of new subs in 2012-2015 will grow by 36.36% in quantitative terms and by 55% in value terms.

In 2008-2011, worldwide average demand for new submarines was 3 pcs per year. In the next period, annual demand will rise up to almost 4 subs per year.

Below goes rating of world submarine exporters (countries are ranked depending on the number of already delivered or planned for delivery subs).

The given rating includes deliveries up to 2015 inclusively. Carry-over deliveries on available backlog of orders for 2016 and forth were not considered.

As of 2008-2015, the top position in the new submarine exporters rating is traditionally held by Germany (17 submarines for $6.4 bln) having steadily growing backlog. In the first 4-year period Germany exported 6 non-nuclear subs ($2.209 bln), stock of orders for 2012-2015 contains 11 new diesel submarines ($4.192 bln).

As noted above, Russia holds the second position (5 subs for $2.12 bln). In 2008-2011, Russia exported 2 conventional subs ($600 mln), estimated volume of deliveries in 2012-2015 will make 3 new submarines (including 10-year leasing of 1 nuclear sub) to the amount of $1.52 bln.

France closes the trio of world leaders (4 submarines for $1.766 bln). In the first 4-year period France exported 3 diesel submarines ($1.224 bln), delivery of 1 non-nuclear sub for $541.7 bln is expected in 2012-2015.

According to WATAC technique, category "new" includes newly-built subs, license programs, and deliveries of decommissioned submarines (modernized and having prolonged lifetime) which price at the time of delivery exceeds 50% of the same-type new submarine but not less than $100 mln.

Read full report on worldwide export of submarines on the World Arms Trade magazine (No. 5, May 2012).

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