Northern America: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Northern America

After three years of decline, the North American steam blasting machine market increased by 52% to $X in 2021. The total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Steam Blasting Machine Production in Northern America

In value terms, steam blasting machine production rose sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 29%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Steam Blasting Machine Exports

Exports in Northern America

In 2021, overseas shipments of steam or sand blasting machines and similar jet-projecting machines increased by 19% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, steam blasting machine exports rose notably to $X in 2021. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 11%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States represented the largest exporter of steam or sand blasting machines and similar jet-projecting machines in Northern America, with the volume of exports reaching X units, which was approx. 69% of total exports in 2021. It was distantly followed by Canada (X units), comprising a 31% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to steam blasting machine exports from the United States stood at -2.9%. At the same time, Canada (+11.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +11.3% from 2012-2021. From 2012 to 2021, the share of Canada increased by +20 percentage points.

In value terms, the United States ($X) remains the largest steam blasting machine supplier in Northern America, comprising 68% of total exports. The second position in the ranking was taken by Canada ($X), with a 32% share of total exports.

In the United States, steam blasting machine exports contracted by an average annual rate of -8.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, declining by -8.1% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2018 when the export price increased by 39%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-5.7%).

Steam Blasting Machine Imports

Imports in Northern America

In 2021, imports of steam or sand blasting machines and similar jet-projecting machines in Northern America surged to X units, increasing by 202% on the year before. Over the period under review, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, steam blasting machine imports surged to $X in 2021. In general, imports showed a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 31%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X units) represented the main importer of steam or sand blasting machines and similar jet-projecting machines, achieving 80% of total imports. It was distantly followed by Canada (X units), comprising a 20% share of total imports.

The United States was also the fastest-growing in terms of the steam or sand blasting machines and similar jet-projecting machines imports, with a CAGR of +13.8% from 2012 to 2021. At the same time, Canada (+8.1%) displayed positive paces of growth. While the share of the United States (+8.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-8.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported steam or sand blasting machines and similar jet-projecting machines in Northern America, comprising 85% of total imports. The second position in the ranking was taken by Canada ($X), with a 15% share of total imports.

In the United States, steam blasting machine imports expanded at an average annual rate of +11.7% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, dropping by -57.2% against the previous year. Overall, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 when the import price increased by 113%. As a result, import price attained the peak level of $X per unit, and then declined remarkably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :