Report Update: Jan 1, 2025

World - Boring Or Sinking Machinery - Market Analysis, Forecast, Size, Trends And Insights

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Boring machinery market

Boring machinery market: discover the latest facts and figures enhanced by an Ai-driven market intelligence platform. Datasets contain market prices, imports, consumption, market size, companies, production, exports, and trade. There is a breakdown by region, including EU, Latin America, the U.S., Africa, China, Russia, the Middle East, and the U.K. Market dynamics and outlook to 2030 are also provided in the snapshots.

Boring Machinery - World's Largest Markets

Rating	Country
1	China
2	Brazil
3	Germany
4	Myanmar
5	Australia

In value terms, the largest boring machinery markets worldwide were China, Brazil and Germany, with a combined 59% share of the global market.

Brazil (+613.7% per year) saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while boring machinery market for the other global leaders experienced more modest paces of growth.

Boring Machinery Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Italy	2445	1650	855	-40.9%
Kuwait	2757	1651	1415	-28.4%
France	2802	1405	1512	-26.5%
Austria	1604	1603	1602	0.0%
Poland	14183	13775	2439	-58.5%
Algeria	1933	4135	3641	37.2%
United Kingdom	6054	9257	12459	43.5%
Sweden	28601	21816	14451	-28.9%
Canada	31560	26709	18641	-23.1%
China	50902	34818	32483	-20.1%
Singapore	52962	72330	35991	-17.6%
Germany	30399	30894	36064	8.9%
United States	28392	47698	40745	19.8%
Average	17297	19321	12512	-14.9%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($40,745 per unit), while Italy ($855 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Myanmar	14069	28419	8860	-20.6%
Canada	4094	4467	4523	5.1%
Egypt	4132	2959	2791	-17.8%
Brazil	1973	2770	2773	18.6%
Singapore	777	596	1019	14.6%
Australia	1450	1231	914	-20.6%
Average	8731	9729	4266	-30.1%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Myanmar ($8,860 per unit), while Australia ($914 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the other global leaders experienced more modest paces of growth.

Boring Machinery - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Brazil	0.02	0.05	1.2	693.1%
Myanmar	0.02	0.07	0.1	125.9%
Egypt	0.07	0.09	0.08	7.6%
Canada	0.05	0.05	0.05	-4.1%
Singapore	0.04	0.07	0.02	-19.9%

In value terms, Brazil ($1.2B) constitutes the largest market for imported boring or sinking machinery worldwide, comprising 44% of global imports. The second position in the ranking was occupied by Myanmar ($122M), with a 4.3% share of global imports. It was followed by Egypt, with a 2.9% share.

In Brazil, boring machinery imports increased at an average annual rate of +693.1% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Myanmar (+125.9% per year) and Egypt (+7.6% per year).

Boring Machinery - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	0.5	0.4	0.2	-39.3%
Germany	0.05	0.07	0.1	47.7%
United States	0.4	1.1	0.09	-52.8%
Singapore	0.05	0.05	0.07	22.9%
Sweden	0.07	0.05	0.05	-17.0%

In value terms, China ($194M), Germany ($106M) and the United States ($90M) were the countries with the highest levels of exports in 2020, with a combined 35% share of global exports. These countries were followed by Singapore, Sweden, Canada, the UK, Italy, Algeria, France, Poland, Austria and Kuwait, which together accounted for a further 23%.

In terms of the main exporting countries, Algeria (+662.4% per year) recorded 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.

Boring Machinery - Market Forecast

The boring machinery market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -1.5% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Boring Machinery - Product Coverage

HS 843049 - Boring and sinking machinery; not self-propelled

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global boring machinery market. 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 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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. CONSUMPTION BY COUNTRY
3. 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024