Eastern Europe: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Eastern Europe

In 2021, the East European steam blasting machine market was finally on the rise to reach $X after two years of decline. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Steam Blasting Machine Production in Eastern Europe

In value terms, steam blasting machine production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 330% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Steam Blasting Machine Exports

Exports in Eastern Europe

In 2021, the amount of steam or sand blasting machines and similar jet-projecting machines exported in Eastern Europe soared to X units, increasing by 24% on the previous year. Overall, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 637%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, steam blasting machine exports soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.6% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 21%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Slovakia (X units) and the Czech Republic (X units) prevails in exports structure, together committing 78% of total exports. It was distantly followed by Poland (X units), committing a 6% share of total exports. The following exporters - Russia (X units), Hungary (X units), Lithuania (X units) and Romania (X units) - together made up 13% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Slovakia (with a CAGR of +52.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest steam blasting machine supplying countries in Eastern Europe were Slovakia ($X), Poland ($X) and the Czech Republic ($X), with a combined 68% share of total exports.

Among the main exporting countries, Slovakia, with a CAGR of +53.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, which is down by -4.3% against the previous year. Over the period under review, the export price, however, recorded a significant increase. The pace of growth was the most pronounced in 2017 when the export price increased by 1,004% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+28.0%), while the other leaders experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports in Eastern Europe

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were imported in Eastern Europe; jumping by 18% on the previous year. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% 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 +58.2% against 2016 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 27%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, steam blasting machine imports surged to $X in 2021. Total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.7% against 2016 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 23%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

Russia was the key importing country with an import of around X units, which recorded 42% of total imports. Poland (X units) ranks second in terms of the total imports with a 17% share, followed by Slovakia (13%), the Czech Republic (6.9%) and Ukraine (5.9%). The following importers - Hungary (X units) and Romania (X units) - each finished at a 6.8% share of total imports.

Imports into Russia increased at an average annual rate of +1.9% from 2012 to 2021. At the same time, Slovakia (+31.6%), Poland (+9.6%), Hungary (+8.3%) and the Czech Republic (+8.3%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +31.6% from 2012-2021. Ukraine experienced a relatively flat trend pattern. By contrast, Romania (-3.9%) illustrated a downward trend over the same period. While the share of Slovakia (+11 p.p.), Poland (+5.3 p.p.) and the Czech Republic (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Ukraine (-2.8 p.p.), Romania (-4.3 p.p.) and Russia (-14.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest steam blasting machine importing markets in Eastern Europe were Russia ($X), Poland ($X) and Slovakia ($X), together comprising 64% of total imports.

In terms of the main importing countries, Slovakia, with a CAGR of +30.0%, 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 Eastern Europe amounted to $X per unit, picking up by 3.8% against the previous year. In general, the import price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2016 an increase of 14%. The level of import peaked 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 Romania ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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