EU: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in the EU

After three years of decline, the EU steam blasting machine market increased by 23% to $X in 2021. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Steam Blasting Machine Production in the EU

In value terms, steam blasting machine production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 43%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Steam Blasting Machine Exports

Exports in the EU

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were exported in the European Union; growing by 23% compared with the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, steam blasting machine exports soared to $X in 2021. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units) and Germany (X units) represented roughly 62% of total exports in 2021. It was distantly followed by Belgium (X units), making up a 17% share of total exports. Slovakia (X units), the Czech Republic (X units), the Netherlands (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +52.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest steam blasting machine supplying countries in the European Union were Germany ($X), Italy ($X) and the Netherlands ($X), with a combined 69% share of total exports. Belgium, Denmark, Slovakia and the Czech Republic lagged somewhat behind, together comprising a further 15%.

Among the main exporting countries, Slovakia, with a CAGR of +53.0%, saw 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

The export price in the European Union stood at $X per unit in 2021, shrinking by -3.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2017 when the export price increased by 18% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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 ($X per unit), while Belgium ($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 the EU

In 2021, imports of steam or sand blasting machines and similar jet-projecting machines in the European Union surged to X units, growing by 34% compared with 2020. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.9% 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 +82.5% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, steam blasting machine imports surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.8% 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 +67.8% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of steam or sand blasting machines and similar jet-projecting machines, namely France, Italy and Germany, represented more than half of total import. It was distantly followed by the Netherlands (X units), Spain (X units), Belgium (X units) and Poland (X units), together creating a 24% share of total imports.

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 more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2021, together comprising 45% of total imports.

The Netherlands, with a CAGR of +14.7%, recorded the highest growth rate of 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 the European Union amounted to $X per unit, reducing by -3.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14%. The level of import peaked at $X per unit in 2020, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per unit), while Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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