Hungary: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Hungary

The Hungarian steam blasting machine market skyrocketed to $X in 2021, growing by 22% against the previous year. In general, consumption, however, saw a noticeable downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Steam Blasting Machine Production in Hungary

In value terms, steam blasting machine production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a deep slump. The growth pace was the most rapid in 2014 with an increase of 8%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Steam Blasting Machine Exports

Exports from Hungary

In 2021, shipments abroad of steam or sand blasting machines and similar jet-projecting machines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a abrupt curtailment. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, steam blasting machine exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for steam blasting machine exports from Hungary, accounting for a 48% share of total exports. Moreover, steam blasting machine exports to Belgium exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold. Sweden (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +310.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-11.3% per year) and Sweden (+330.4% per year).

In value terms, Belgium ($X) remains the key foreign market for steam or sand blasting machines and similar jet-projecting machines exports from Hungary, comprising 66% of total exports. The second position in the ranking was held by Sweden ($X), with a 12% share of total exports. It was followed by Singapore, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +349.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+352.8% per year) and Singapore (+354.4% per year).

Export Prices by Country

The average steam blasting machine export price stood at $X per unit in 2021, flattening at the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +9.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, steam blasting machine export price increased by +57.9% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 75%. The export price peaked at $X per unit in 2020, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Kosovo ($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 Slovakia (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into Hungary

In 2021, overseas purchases of steam or sand blasting machines and similar jet-projecting machines were finally on the rise to reach X units after two years of decline. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 42% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, steam blasting machine imports soared to $X in 2021. In general, imports saw buoyant growth. The growth pace was the most rapid in 2016 when imports increased by 54% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

Germany (X units), Slovakia (X units) and China (X units) were the main suppliers of steam blasting machine imports to Hungary, together comprising 79% of total imports. Italy, the Czech Republic, Slovenia, Sweden, Austria and the United States lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +180.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest steam blasting machine suppliers to Hungary were Germany ($X), Slovakia ($X) and China ($X), with a combined 69% share of total imports. Italy, Slovenia, the Czech Republic, Austria, Sweden and the United States lagged somewhat behind, together accounting for a further 22%.

Sweden, with a CAGR of +243.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average steam blasting machine import price amounted to $X per unit, growing by 9.1% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, steam blasting machine import price increased by +17.4% against 2016 indices. The growth pace was the most rapid in 2016 when the average import price increased by 41%. The import price peaked in 2021 and is likely to continue growth in years to come.

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 Austria ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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