Eastern Asia: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Eastern Asia

In 2021, the East Asian steam blasting machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.4% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Steam Blasting Machine Production in Eastern Asia

In value terms, steam blasting machine production expanded remarkably to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.0% against 2018 indices. The growth pace was the most rapid in 2015 when the production volume increased by 72%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Steam Blasting Machine Exports

Exports in Eastern Asia

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were exported in Eastern Asia; picking up by 33% on the year before. In general, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, steam blasting machine exports surged to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +102.3% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 98% of total exports in 2021. Taiwan (Chinese) (X units) held a little share of total exports.

China was also the fastest-growing in terms of the steam or sand blasting machines and similar jet-projecting machines exports, with a CAGR of +7.9% from 2012 to 2021. Taiwan (Chinese) (-2.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +6.9 percentage points.

In value terms, China ($X) remains the largest steam blasting machine supplier in Eastern Asia, comprising 89% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at +8.1%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, increasing by 3.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 7.4%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.7%).

Steam Blasting Machine Imports

Imports in Eastern Asia

In 2021, imports of steam or sand blasting machines and similar jet-projecting machines in Eastern Asia contracted to X units, declining by -9.8% against the previous year. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2016 with an increase of 77%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, steam blasting machine imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2018 with an increase of 31% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan was the largest importing country with an import of around X units, which amounted to 68% of total imports. South Korea (X units) ranks second in terms of the total imports with a 17% share, followed by Taiwan (Chinese) (11%). The following importers - Hong Kong SAR (X units) and China (X units) - each accounted for a 3.7% share of total imports.

Imports into Japan decreased at an average annual rate of -9.1% from 2012 to 2021. At the same time, South Korea (+15.3%), Taiwan (Chinese) (+6.4%) and Hong Kong SAR (+1.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +15.3% from 2012-2021. By contrast, China (-8.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea and Taiwan (Chinese) increased by +14 and +7.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported steam or sand blasting machines and similar jet-projecting machines in Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by South Korea ($X), with an 18% share of total imports. It was followed by Japan, with a 15% share.

In China, steam blasting machine imports declined by an average annual rate of -8.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+1.3% per year) and Japan (-9.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, jumping by 37% against the previous year. In general, the import price, however, recorded a mild setback. The pace of growth was the most pronounced in 2015 an increase of 62% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the 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 China ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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