Malaysia: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Malaysia

The Malaysian steam blasting machine market soared to $X in 2021, with an increase of 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw buoyant growth. Steam blasting machine consumption peaked in 2021 and is likely to see steady growth in years to come.

Steam Blasting Machine Exports

Exports from Malaysia

In 2021, overseas shipments of steam or sand blasting machines and similar jet-projecting machines decreased by -27.4% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 144%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, steam blasting machine exports reached $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 128%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for steam blasting machine exports from Malaysia, accounting for a 20% share of total exports. Moreover, steam blasting machine exports to the UK exceeded the volume sent to the second major destination, Serbia (X units), twofold. The third position in this ranking was held by the United Arab Emirates (X units), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +44.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+113.2% per year) and the United Arab Emirates (+37.1% per year).

In value terms, China ($X), Singapore ($X) and Australia ($X) were the largest markets for steam blasting machine exported from Malaysia worldwide, together comprising 58% of total exports. Serbia, the United Arab Emirates, the UK, New Zealand, Japan, Romania, Chile, Germany, Vietnam and France lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Romania, with a CAGR of +186.9%, saw the highest rates of growth with regard to 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 average steam blasting machine export price stood at $X per unit in 2021, rising by 55% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Romania ($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 Serbia (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into Malaysia

In 2021, steam blasting machine imports into Malaysia soared to X units, increasing by 19% on 2020 figures. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 208%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, steam blasting machine imports soared to $X in 2021. In general, imports recorded mild growth. The most prominent rate of growth was recorded in 2017 with an increase of 103%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of steam blasting machine to Malaysia, accounting for a 85% share of total imports. Moreover, steam blasting machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was held by the United States (X units), with a 1.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.0% per year) and the United States (-16.4% per year).

In value terms, China ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to Malaysia, comprising 64% of total imports. The second position in the ranking was held by Germany ($X), with a 6.3% share of total imports. It was followed by the United States, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.7% per year) and the United States (-19.5% per year).

Import Prices by Country

In 2021, the average steam blasting machine import price amounted to $X per unit, picking up by 3.8% against the previous year. Overall, the import price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2014 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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