Slovakia: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Slovakia

The Slovak steam blasting machine market reduced dramatically to $X in 2021, dropping by -27.9% against the previous year. Over the period under review, consumption saw a pronounced setback. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Steam Blasting Machine Production in Slovakia

In value terms, steam blasting machine production fell markedly to $X in 2021 estimated in export price. Overall, production saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the production volume decreased by -6.8% against the previous year. Steam blasting machine production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Steam Blasting Machine Exports

Exports from Slovakia

For the fourth consecutive year, Slovakia recorded growth in shipments abroad of steam or sand blasting machines and similar jet-projecting machines, which increased by 33% to X units in 2021. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 826%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, steam blasting machine exports skyrocketed to $X in 2021. In general, exports saw significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 420%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Austria (X units), Bulgaria (X units) and the Czech Republic (X units) were the main destinations of steam blasting machine exports from Slovakia, with a combined 61% share of total exports. Romania, Hungary, Croatia and Slovenia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +496.0%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the key foreign market for steam or sand blasting machines and similar jet-projecting machines exports from Slovakia, comprising 34% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 12% share of total exports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Austria amounted to +204.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+183.1% per year) and the Czech Republic (+54.8% per year).

Export Prices by Country

In 2021, the average steam blasting machine export price amounted to $X per unit, approximately reflecting the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 64%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Bulgaria ($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 Romania (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into Slovakia

For the fourth consecutive year, Slovakia recorded growth in supplies from abroad of steam or sand blasting machines and similar jet-projecting machines, which increased by 27% to X units in 2021. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 328%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, steam blasting machine imports soared to $X in 2021. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 158%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of steam blasting machine imports to Slovakia, with a combined 93% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +45.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) were the largest steam blasting machine suppliers to Slovakia, together accounting for 89% of total imports.

Among the main suppliers, China, with a CAGR of +41.1%, saw the highest rates of growth with regard to 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 average steam blasting machine import price amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 73% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 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 Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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