ASEAN: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in ASEAN

The ASEAN steam blasting machine market dropped dramatically to $X in 2021, which is down by -24.3% against the previous year. Overall, consumption saw a mild downturn. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Steam Blasting Machine Production in ASEAN

In value terms, steam blasting machine production shrank remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild descent. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Steam Blasting Machine Exports

Exports in ASEAN

For the third consecutive year, ASEAN recorded growth in overseas shipments of steam or sand blasting machines and similar jet-projecting machines, which increased by 17% to X units in 2021. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 54%. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, steam blasting machine exports surged to $X in 2021. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 225% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Vietnam represented the largest exporter of steam or sand blasting machines and similar jet-projecting machines in ASEAN, with the volume of exports amounting to X units, which was approx. 78% of total exports in 2021. Singapore (X units) held the second position in the ranking, followed by Thailand (X units). All these countries together held near 19% share of total exports.

Vietnam was also the fastest-growing in terms of the steam or sand blasting machines and similar jet-projecting machines exports, with a CAGR of +69.8% from 2012 to 2021. Singapore (-1.3%) and Thailand (-3.0%) illustrated a downward trend over the same period. While the share of Vietnam (+76 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-29.8 p.p.) and Singapore (-41.5 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest steam blasting machine supplier in ASEAN, comprising 97% of total exports. The second position in the ranking was taken by Singapore ($X), with a 1.8% share of total exports.

In Vietnam, steam blasting machine exports increased at an average annual rate of +85.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (-6.1% per year) and Thailand (-8.0% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, growing by 96% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The growth pace was the most rapid in 2019 an increase of 131%. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.2%), while the other leaders experienced a decline in the export price figures.

Steam Blasting Machine Imports

Imports in ASEAN

In 2021, purchases abroad of steam or sand blasting machines and similar jet-projecting machines decreased by -6.6% to X units, falling for the third year in a row after two years of growth. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -36.3% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 43% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, steam blasting machine imports soared to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 45%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Thailand was the main importing country with an import of about X units, which recorded 54% of total imports. It was distantly followed by Malaysia (X units), Vietnam (X units) and Indonesia (X units), together comprising a 42% share of total imports. Singapore (X units) took a minor share of total imports.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of steam or sand blasting machines and similar jet-projecting machines. At the same time, Vietnam (+18.6%), Malaysia (+14.3%) and Indonesia (+5.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +18.6% from 2012-2021. By contrast, Singapore (-8.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam and Malaysia increased by +11 and +9.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest steam blasting machine importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined 74% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +10.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, rising by 23% against the previous year. Overall, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2020 when the import price increased by 32% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform