Southern Asia: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Southern Asia

The South Asian steam blasting machine market expanded markedly to $X in 2021, surging by 6.5% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.4% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Steam Blasting Machine Production in Southern Asia

In value terms, steam blasting machine production reached $X in 2021 estimated in export price. The total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 62% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Steam Blasting Machine Exports

Exports in Southern Asia

In 2021, the amount of steam or sand blasting machines and similar jet-projecting machines exported in Southern Asia dropped remarkably to X units, shrinking by -30% against 2020. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 104% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, steam blasting machine exports shrank to $X in 2021. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 37%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, accounting for X units, which was near 93% of total exports in 2021. Bangladesh (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to steam blasting machine exports from India stood at -16.5%. At the same time, Bangladesh (+18.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +18.3% from 2012-2021. Bangladesh (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -3.8% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest steam blasting machine supplier in Southern Asia, comprising 93% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 5.4% share of total exports.

In India, steam blasting machine exports decreased by an average annual rate of -7.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, with an increase of 32% against the previous year. Export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +10.0% 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 export price increased by +61.9% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 55% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while India amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+28.5%).

Steam Blasting Machine Imports

Imports in Southern Asia

In 2021, supplies from abroad of steam or sand blasting machines and similar jet-projecting machines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 125% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, steam blasting machine imports soared to $X in 2021. Over the period under review, imports enjoyed temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of 56%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

India (X units) and Pakistan (X units) represented roughly 62% of total imports in 2021. It was distantly followed by Sri Lanka (X units) and Bangladesh (X units), together creating a 32% share of total imports. Nepal (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Pakistan (with a CAGR of +41.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported steam or sand blasting machines and similar jet-projecting machines in Southern Asia, comprising 73% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 12% share of total imports. It was followed by Pakistan, with a 9.1% share.

In India, steam blasting machine imports increased at an average annual rate of +4.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (+23.5% per year) and Pakistan (+6.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, growing by 25% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2019 an increase of 100% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 India ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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