Sri Lanka: Steam Blasting Machine Market 2025

Steam Blasting Machine Market Size in Sri Lanka

For the third year in a row, the Sri Lankan steam blasting machine market recorded decline in sales value, which decreased by -27.5% to $X in 2021. Overall, consumption showed a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Steam Blasting Machine Exports

Exports from Sri Lanka

In 2021, overseas shipments of steam or sand blasting machines and similar jet-projecting machines decreased by -46.8% to X units, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by 2,850% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, steam blasting machine exports fell to $X in 2021. Over the period under review, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2018 when exports increased by 261% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), Maldives (X units) and India (X units) were the main destinations of steam blasting machine exports from Sri Lanka, with a combined 92% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +64.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steam blasting machine exported from Sri Lanka were the Netherlands ($X), India ($X) and Maldives ($X), with a combined 88% share of total exports.

The Netherlands, with a CAGR of +99.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steam blasting machine export price stood at $X per unit in 2021, jumping by 64% against the previous year. Over the period under review, the export price, however, continues to indicate a sharp decrease. The pace of growth appeared the most rapid in 2015 an increase of 391%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to South Africa ($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 Spain (+566.7%), while the prices for the other major destinations experienced mixed trend patterns.

Steam Blasting Machine Imports

Imports into Sri Lanka

In 2021, supplies from abroad of steam or sand blasting machines and similar jet-projecting machines decreased by -35.4% to X units, falling for the third year in a row after three years of growth. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 314% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, steam blasting machine imports contracted rapidly to $X in 2021. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 134%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of steam blasting machine to Sri Lanka, with a 53% share of total imports. Moreover, steam blasting machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Canada (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.8% per year) and Canada (+91.2% per year).

In value terms, the largest steam blasting machine suppliers to Sri Lanka were China ($X), Germany ($X) and India ($X), together accounting for 53% of total imports. These countries were followed by Canada and Italy, which together accounted for a further 9.5%.

Among the main suppliers, Canada, with a CAGR of +150.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average steam blasting machine import price amounted to $X per unit, picking up by 28% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :