Scandinavia: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Scandinavia

The Scandinavia steam blasting machine market rose modestly to $X in 2021, increasing by 3.6% against the previous year. In general, consumption continues to indicate a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Steam Blasting Machine Production in Scandinavia

In value terms, steam blasting machine production contracted notably to $X in 2021 estimated in export price. In general, production, however, saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 71% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank notably in the following year.

Steam Blasting Machine Exports

Exports in Scandinavia

In 2021, shipments abroad of steam or sand blasting machines and similar jet-projecting machines was finally on the rise to reach X units after three years of decline. Total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 87%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, steam blasting machine exports skyrocketed to $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +40.0% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 45%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Denmark (X units) was the largest exporter of steam or sand blasting machines and similar jet-projecting machines, creating 64% of total exports. It was distantly followed by Sweden (X units), comprising a 30% share of total exports. Finland (X units) and Norway (X units) followed a long way behind the leaders.

Denmark was also the fastest-growing in terms of the steam or sand blasting machines and similar jet-projecting machines exports, with a CAGR of +5.8% from 2012 to 2021. At the same time, Finland (+5.4%) and Sweden (+2.4%) displayed positive paces of growth. By contrast, Norway (-5.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark increased by +7.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest steam blasting machine supplier in Scandinavia, comprising 62% of total exports. The second position in the ranking was taken by Sweden ($X), with a 24% share of total exports. It was followed by Finland, with an 8.4% share.

In Denmark, steam blasting machine exports expanded at an average annual rate of +2.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (+9.0% per year) and Finland (+8.4% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, surging by 4.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 23% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the export prices remained at a somewhat lower figure.

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 Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+8.7%), while the other leaders experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports in Scandinavia

In 2021, after five years of decline, there was significant growth in supplies from abroad of steam or sand blasting machines and similar jet-projecting machines, when their volume increased by 32% to X units. In general, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, steam blasting machine imports soared to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X units), Denmark (X units) and Norway (X units) represented the major importer of steam or sand blasting machines and similar jet-projecting machines in Scandinavia, constituting 94% of total import. The following importers - Finland (X units) and Iceland (X units) - together made up 5.7% of total imports.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 85% of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 15%.

In terms of the main importing countries, Iceland, with a CAGR of +8.7%, recorded the highest growth rate of the value of imports, 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 Scandinavia amounted to $X per unit, with an increase of 3.9% against the previous year. Import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.3% 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 +103.3% against 2015 indices. The growth pace was the most rapid in 2018 an increase of 43%. Over the period under review, import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per unit), while Iceland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+16.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform