Australia: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Australia

The Australian steam blasting machine market surged to $X in 2021, picking up by 44% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Steam Blasting Machine Exports

Exports from Australia

In 2021, exports of steam or sand blasting machines and similar jet-projecting machines from Australia surged to X units, increasing by 32% against the previous year's figure. Overall, total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.4% against 2019 indices. The growth pace was the most rapid in 2015 when exports increased by 56%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, steam blasting machine exports reduced to $X in 2021. In general, exports, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2014 with an increase of 22% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X units) was the main destination for steam blasting machine exports from Australia, with a 73% share of total exports. Moreover, steam blasting machine exports to New Zealand exceeded the volume sent to the second major destination, Turkey (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand stood at +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Papua New Guinea (-14.0% per year).

In value terms, New Zealand ($X), Papua New Guinea ($X) and Turkey ($X) constituted the largest markets for steam blasting machine exported from Australia worldwide, together accounting for 61% of total exports.

New Zealand, with a CAGR of +5.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average steam blasting machine export price stood at $X per unit in 2021, falling by -29.6% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 when the average export price increased by 58%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+6.7%).

Steam Blasting Machine Imports

Imports into Australia

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were imported into Australia; surging by 26% against the previous year's figure. In general, imports, however, saw a perceptible decrease. The growth pace was the most rapid in 2015 when imports increased by 26% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, steam blasting machine imports soared to $X in 2021. Overall, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 increased by +108.1% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of steam blasting machine to Australia, with a 41% share of total imports. Moreover, steam blasting machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was held by the United States (X units), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.5% per year) and the United States (+13.7% per year).

In value terms, China ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to Australia, comprising 66% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.9% share of total imports. It was followed by Italy, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.1% per year) and Italy (-0.1% per year).

Import Prices by Country

The average steam blasting machine import price stood at $X per unit in 2021, increasing by 29% against the previous year. Overall, the import price posted strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 42%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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