Steam Blasting Machine Market

The article provides a comprehensive analysis of the global steam blasting machine market, detailing trends in consumption, production, imports, and exports. Forecasts suggest steady growth in consumption and production volumes, with notable increases in market value. Key countries driving market growth are identified, along with insights on pricing trends and fluctuations in export and import volumes.

Market Forecast

Driven by increasing demand for steam or sand blasting machines and similar jet-projecting machines worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market volume to 53M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $17.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Steam Or Sand Blasting Machines And Similar Jet-Projecting Machines

Global steam blasting machine consumption soared to 50M units in 2022, growing by 23% on the year before. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.0% against 2020 indices. Over the period under review, global consumption attained the peak volume in 2022 and is expected to retain growth in years to come.

The global steam blasting machine market value rose to $13.4B in 2022, growing by 3.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.8% against 2020 indices. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (9.7M units), the United States (8.5M units) and India (3.7M units), together accounting for 44% of global consumption. The UK, Russia, Brazil, Mexico, Japan, Pakistan, the Netherlands, France and Canada lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Russia (with a CAGR of +22.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($3.2B) led the market, alone. The second position in the ranking was held by Japan ($1.6B). It was followed by India.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +7.2%. The remaining consuming countries recorded the following average annual rates of market growth: Japan (-2.1% per year) and India (+3.7% per year).

The countries with the highest levels of steam blasting machine per capita consumption in 2022 were the Netherlands (71 units per 1000 persons), the UK (37 units per 1000 persons) and the United States (25 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Russia (with a CAGR of +21.8%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Steam Or Sand Blasting Machines And Similar Jet-Projecting Machines

Global steam blasting machine production expanded significantly to 50M units in 2022, picking up by 9.5% compared with the year before. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.0% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 33%. Global production peaked in 2022 and is expected to retain growth in years to come.

In value terms, steam blasting machine production reduced modestly to $11.8B in 2022 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 36% against the previous year. Over the period under review, global production hit record highs at $12.9B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

China (21M units) constituted the country with the largest volume of steam blasting machine production, comprising approx. 42% of total volume. Moreover, steam blasting machine production in China exceeded the figures recorded by the second-largest producer, the United States (9.6M units), twofold. India (3.7M units) ranked third in terms of total production with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +3.8%. The remaining producing countries recorded the following average annual rates of production growth: the United States (+12.5% per year) and India (+3.5% per year).

Imports

World Imports of Steam Or Sand Blasting Machines And Similar Jet-Projecting Machines

In 2022, the amount of steam or sand blasting machines and similar jet-projecting machines imported worldwide expanded to 24M units, increasing by 4.6% on 2021 figures. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.3% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, steam blasting machine imports contracted remarkably to $3.8B in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of $4.5B, and then contracted notably in the following year.

Imports By Country

The purchases of the eight major importers of steam or sand blasting machines and similar jet-projecting machines, namely the UK, Russia, the United States, Brazil, the Netherlands, Germany, Mexico and France, represented more than half of total import. The following importers - Malaysia (519K units), Spain (515K units), Belgium (448K units), Italy (443K units) and Canada (416K units) - each reached a 9.8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +23.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($620M) constitutes the largest market for imported steam or sand blasting machines and similar jet-projecting machines worldwide, comprising 16% of global imports. The second position in the ranking was held by Germany ($291M), with a 7.7% share of global imports. It was followed by France, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +6.7%. In the other countries, the average annual rates were as follows: Germany (+3.5% per year) and France (+2.5% per year).

Import Prices By Country

In 2022, the average steam blasting machine import price amounted to $159 per unit, reducing by -20.3% against the previous year. In general, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. Global import price peaked at $216 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($345 per unit), while Brazil ($36 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Steam Or Sand Blasting Machines And Similar Jet-Projecting Machines

In 2022, after two years of growth, there was significant decline in shipments abroad of steam or sand blasting machines and similar jet-projecting machines, when their volume decreased by -14.5% to 24M units. In general, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 29%. As a result, the exports attained the peak of 28M units, and then shrank in the following year.

In value terms, steam blasting machine exports contracted to $3.5B in 2022. The total export value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of $4B, and then shrank in the following year.

Exports By Country

China was the main exporter of steam or sand blasting machines and similar jet-projecting machines in the world, with the volume of exports accounting for 11M units, which was approx. 47% of total exports in 2022. It was distantly followed by the United States (3.2M units), Germany (2.6M units) and Italy (1.8M units), together making up a 32% share of total exports. Vietnam (607K units), Belgium (582K units) and the Netherlands (538K units) took a little share of total exports.

Exports from China increased at an average annual rate of +3.2% from 2012 to 2022. At the same time, Vietnam (+87.9%), the Netherlands (+18.2%), the United States (+13.3%), Belgium (+5.0%) and Germany (+1.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +87.9% from 2012-2022. By contrast, Italy (-4.5%) illustrated a downward trend over the same period. While the share of the United States (+8.1 p.p.), Vietnam (+2.5 p.p.) and the Netherlands (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (-2.7 p.p.) and Italy (-9.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest steam blasting machine supplying countries worldwide were Germany ($747M), China ($717M) and Italy ($416M), with a combined 54% share of global exports. Vietnam, the United States, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 19%.

Among the main exporting countries, Vietnam, with a CAGR of +85.2%, saw the highest rates of growth with regard to 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 2022, the average steam blasting machine export price amounted to $145 per unit, leveling off at the previous year. In general, the export price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $183 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($356 per unit), while the United States ($58 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform