Global Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size

After three years of decline, the global steam blasting machine market increased by 12% to $X in 2021. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the global market remained at a somewhat lower figure.

Steam Blasting Machine Production

In value terms, steam blasting machine production expanded sharply to $X in 2021 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.5% against 2015 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, global production growth failed to regain momentum.

Steam Blasting Machine Exports

Exports

In 2021, global exports of steam or sand blasting machines and similar jet-projecting machines skyrocketed to X units, picking up by 28% compared with the previous year. In general, total exports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.2% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, steam blasting machine exports surged to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporting country with an export of about X units, which recorded 57% of total exports. Italy (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Germany (9.5%) and Belgium (6%). The United States (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 China stood at +7.9%. At the same time, Belgium (+18.7%) and Italy (+2.7%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.7% from 2012-2021. By contrast, Germany (-2.6%) and the United States (-2.9%) illustrated a downward trend over the same period. China (+19 p.p.) and Belgium (+4.3 p.p.) significantly strengthened its position in terms of the global exports, while Germany saw its share reduced by -6.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 57% share of global exports. These countries were followed by the United States and Belgium, which together accounted for a further 7.5%.

Among the main exporting countries, Belgium, with a CAGR of +10.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average steam blasting machine export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 5.5% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the other global leaders experienced mixed trends in the export price figures.

Steam Blasting Machine Imports

Imports

In 2021, supplies from abroad of steam or sand blasting machines and similar jet-projecting machines increased by 23% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, steam blasting machine imports soared to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of steam blasting machine imports in 2021 were France (X units), the United States (X units), Italy (X units), Germany (X units), Russia (X units), Brazil (X units) and the Netherlands (X units), together accounting for 53% of total import. The following importers - the UK (X units), Canada (X units), Mexico (X units), Spain (X units), Thailand (X units) and Belgium (X units) - together made up 15% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +20.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported steam or sand blasting machines and similar jet-projecting machines worldwide, comprising 20% of global imports. The second position in the ranking was taken by Germany ($X), with a 7.3% share of global imports. It was followed by France, with a 7.3% share.

In the United States, steam blasting machine imports increased at an average annual rate of +11.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.3% per year) and France (+5.1% per year).

Import Prices by Country

The average steam blasting machine import price stood at $X per unit in 2021, with an increase of 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 22%. Global import price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+16.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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