Benelux: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Benelux

The Benelux steam blasting machine market surged to $X in 2021, jumping by 24% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +41.7% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Steam Blasting Machine Production in Benelux

In value terms, steam blasting machine production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 169% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Steam Blasting Machine Exports

Exports in Benelux

Steam blasting machine exports soared to X units in 2021, increasing by 53% compared with the previous year's figure. In general, exports posted a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by 463% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, steam blasting machine exports skyrocketed to $X in 2021. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

Belgium was the major exporter of steam or sand blasting machines and similar jet-projecting machines in Benelux, with the volume of exports accounting for X units, which was near 84% of total exports in 2021. It was distantly followed by the Netherlands (X units), mixing up a 16% share of total exports.

Belgium was also the fastest-growing in terms of the steam or sand blasting machines and similar jet-projecting machines exports, with a CAGR of +18.7% from 2012 to 2021. At the same time, the Netherlands (+14.3%) displayed positive paces of growth. While the share of Belgium (+5.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-5.1 p.p.) displayed negative dynamics.

In value terms, the largest steam blasting machine supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

In terms of the main exporting countries, Belgium, with a CAGR of +10.1%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, reducing by -13.8% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by 190% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-5.0%).

Steam Blasting Machine Imports

Imports in Benelux

In 2021, the amount of steam or sand blasting machines and similar jet-projecting machines imported in Benelux skyrocketed to X units, with an increase of 21% compared with 2020. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 82% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, steam blasting machine imports surged to $X in 2021. In general, imports posted buoyant growth. The growth pace was the most rapid in 2020 with an increase of 65%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The Netherlands was the key importing country with an import of about X units, which recorded 62% of total imports. It was distantly followed by Belgium (X units), committing a 36% share of total imports. Luxembourg (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +20.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2021.

The Netherlands, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Benelux amounted to $X per unit, picking up by 11% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 59% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform