Report Update Nov 1, 2024

Vietnam - Steam or Sand Blasting Machines and Similar Jet-Projecting Machines - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Vietnam

The Vietnamese steam blasting machine market declined sharply to $X in 2021, which is down by -48.1% against the previous year. Overall, consumption saw a perceptible decrease. Over the period under review, the market hit record highs at $X in 2020, and then contracted notably in the following year.

Steam Blasting Machine Production in Vietnam

In value terms, steam blasting machine production contracted remarkably to $X in 2021 estimated in export price. In general, production recorded a deep reduction. The growth pace was the most rapid in 2020 with an increase of 362%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Steam Blasting Machine Exports

Exports from Vietnam

In 2021, overseas shipments of steam or sand blasting machines and similar jet-projecting machines increased by 104% to X units, rising for the third consecutive year after two years of decline. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 9,196%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, steam blasting machine exports soared to $X in 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 11,050%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Mexico (X units) was the main destination for steam blasting machine exports from Vietnam, with a 57% share of total exports. Moreover, steam blasting machine exports to Mexico exceeded the volume sent to the second major destination, Colombia (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico amounted to +203.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+38.7% per year) and the Netherlands (+68.7% per year).

In value terms, Mexico ($X) emerged as the key foreign market for steam or sand blasting machines and similar jet-projecting machines exports from Vietnam, comprising 0.5% of total exports. The second position in the ranking was held by Australia ($X), with a 0.2% share of total exports. It was followed by the Netherlands, with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico totaled +138.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+10.1% per year) and the Netherlands (+86.2% per year).

Export Prices by Country

The average steam blasting machine export price stood at $X per unit in 2021, with an increase of 20% against the previous year. Overall, the export price recorded a buoyant increase. The growth pace was the most rapid in 2018 when the average export price increased by 73% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Colombia ($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 the Netherlands (+10.5%), while the prices for the other major destinations experienced a decline.

Steam Blasting Machine Imports

Imports into Vietnam

In 2021, overseas purchases of steam or sand blasting machines and similar jet-projecting machines decreased by -24.5% to X units, falling for the second year in a row after three years of growth. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2018 when imports increased by 230% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, steam blasting machine imports expanded markedly to $X in 2021. Overall, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 105% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest steam blasting machine supplier to Vietnam, accounting for a approx. 88% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +19.6%.

In value terms, China ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to Vietnam.

From 2012 to 2021, the average annual growth rate of value from China totaled +27.0%.

Import Prices by Country

In 2021, the average steam blasting machine import price amounted to $X per unit, growing by 42% against the previous year. In general, the import price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 an increase of 71% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +6.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for steam or sand blasting machines and similar jet-projecting machines in the world?

The countries with the highest volumes of steam blasting machine consumption in 2020 were China, the United States and Japan, with a combined 47% share of global consumption. These countries were followed by Italy, Brazil, Mexico, Germany, Turkey, France, the UK, South Korea, Russia and Saudi Arabia, which together accounted for a further 30%.

What are the largest producers of steam or sand blasting machines and similar jet-projecting machines in the world?

China constituted the country with the largest volume of steam blasting machine production, accounting for 41% of total volume. Moreover, steam blasting machine production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. Japan ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of steam or sand blasting machines and similar jet-projecting machines to Vietnam?

In value terms, China constituted the largest supplier of steam blasting machine to Vietnam, comprising 61% of total imports. The second position in the ranking was occupied by South Korea, with a 9.2% share of total imports. It was followed by Japan, with an 8.9% share.

What are the leading importers of steam or sand blasting machines and similar jet-projecting machines from Vietnam?

In value terms, the United States remains the key foreign market for steam blasting machine exports from Vietnam, comprising 95% of total exports. The second position in the ranking was occupied by China, with a 4% share of total exports.

What is the average export price for steam or sand blasting machines and similar jet-projecting machines in Vietnam?

The average steam blasting machine export price stood at $155 per unit in 2020, falling by -3.1% against the previous year.

What is the average import price for steam or sand blasting machines and similar jet-projecting machines in Vietnam?

The average steam blasting machine import price stood at $109 per unit in 2020, reducing by -3.1% against the previous year.

This report provides an in-depth analysis of the steam blasting machine market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28292230 - Steam or sand blasting machines and similar jet-projecting machines (excluding fire extinguishers, spray guns and similar appliances)

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023