South-Eastern Asia: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in South-Eastern Asia

The Southeast Asian steam blasting machine market dropped rapidly to $X in 2021, falling by -24.3% against the previous year. In general, consumption showed a slight downturn. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Steam Blasting Machine Production in South-Eastern Asia

In value terms, steam blasting machine production shrank notably to $X in 2021 estimated in export price. In general, production continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 59% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Steam Blasting Machine Exports

Exports in South-Eastern Asia

Steam blasting machine exports soared to X units in 2021, growing by 17% against 2020. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 54%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, steam blasting machine exports skyrocketed to $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 225% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Vietnam was the major exporting country with an export of about X units, which accounted for 78% of total exports. It was distantly followed by Singapore (X units) and Thailand (X units), together making up a 19% share of total exports.

Vietnam was also the fastest-growing in terms of the steam or sand blasting machines and similar jet-projecting machines exports, with a CAGR of +69.8% from 2012 to 2021. Singapore (-1.3%) and Thailand (-3.0%) illustrated a downward trend over the same period. Vietnam (+76 p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Singapore saw its share reduced by -29.8% and -41.5% from 2012 to 2021, respectively.

In value terms, Vietnam ($X) remains the largest steam blasting machine supplier in South-Eastern Asia, comprising 97% of total exports. The second position in the ranking was held by Singapore ($X), with a 1.8% share of total exports.

In Vietnam, steam blasting machine exports expanded at an average annual rate of +85.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-6.1% per year) and Thailand (-8.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, jumping by 96% against the previous year. Overall, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 131%. Over the period under review, the export prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.2%), while the other leaders experienced a decline in the export price figures.

Steam Blasting Machine Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of steam or sand blasting machines and similar jet-projecting machines decreased by -6.6% to X units, falling for the third consecutive year after two years of growth. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -36.3% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 43% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, steam blasting machine imports skyrocketed to $X in 2021. Total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 45%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X units) represented the key importer of steam or sand blasting machines and similar jet-projecting machines, constituting 54% of total imports. Malaysia (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (16%) and Indonesia (9.7%). Singapore (X units) followed a long way behind the leaders.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of steam or sand blasting machines and similar jet-projecting machines. At the same time, Vietnam (+18.6%), Malaysia (+14.3%) and Indonesia (+5.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +18.6% from 2012-2021. By contrast, Singapore (-8.8%) illustrated a downward trend over the same period. Vietnam (+11 p.p.) and Malaysia (+9.7 p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Thailand saw its share reduced by -5.7% and -17% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest steam blasting machine importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together accounting for 74% of total imports.

Vietnam, with a CAGR of +10.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 South-Eastern Asia amounted to $X per unit, picking up by 23% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2020 an increase of 32% against the previous year. Over the period under review, import prices hit record highs 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 importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :