India: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in India

In 2021, the Indian 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. In general, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 -6.2% against 2018 indices. Steam blasting machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Steam Blasting Machine Production in India

In value terms, steam blasting machine production rose modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.1% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 19% against the previous year. Steam blasting machine production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Steam Blasting Machine Exports

Exports from India

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were exported from India; waning by -22.1% on 2020. Over the period under review, exports faced a abrupt slump. The growth pace was the most rapid in 2019 when exports increased by 72%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, steam blasting machine exports reduced to $X in 2021. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by 37%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Qatar (X units) and Australia (X units) were the main destinations of steam blasting machine exports from India, together accounting for 38% of total exports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +36.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the largest markets for steam blasting machine exported from India worldwide, together accounting for 40% of total exports.

Among the main countries of destination, Australia, with a CAGR of +33.4%, 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

In 2021, the average steam blasting machine export price amounted to $X per unit, jumping by 16% against the previous year. Over the period under review, the export price posted a prominent increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Germany ($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 Saudi Arabia (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into India

In 2021, purchases abroad of steam or sand blasting machines and similar jet-projecting machines decreased by -17.7% to X units, falling for the third year in a row after two years of growth. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 153%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, steam blasting machine imports surged to $X in 2021. In general, imports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 62% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of steam blasting machine imports to India, with a combined 80% share of total imports. Denmark, the United Arab Emirates, the United States, Spain, the UK and the Netherlands lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +77.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to India, comprising 44% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Italy, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and Italy (-0.7% per year).

Import Prices by Country

The average steam blasting machine import price stood at $X per unit in 2021, surging by 53% against the previous year. In general, the import price, however, showed a deep setback. The growth pace was the most rapid in 2019 when the average import price increased by 53% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 the UK ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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