Australia: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Australia

In 2022, after three years of growth, there was decline in the Australian self-propelled boring machinery market, when its value decreased by -1.4% to $X. The market value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Self-propelled boring machinery consumption peaked at $X in 2021, and then dropped in the following year.

Self-Propelled Boring Machinery Production in Australia

In value terms, self-propelled boring machinery production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 13% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports from Australia

After two years of decline, shipments abroad of self-propelled boring or sinking machinery increased by 4.8% to X units in 2022. Over the period under review, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by 215% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, self-propelled boring machinery exports skyrocketed to $X in 2022. In general, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 126% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X units), France (X units) and Chile (X units) were the main destinations of self-propelled boring machinery exports from Australia, together accounting for 69% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +49.1%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) remains the key foreign market for self-propelled boring or sinking machinery exports from Australia, comprising 33% of total exports. The second position in the ranking was taken by France ($X), with a 14% share of total exports. It was followed by Thailand, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand totaled +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+50.6% per year) and Thailand (+12.0% per year).

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, surging by 16% against the previous year. In general, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 138% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into Australia

In 2022, the amount of self-propelled boring or sinking machinery imported into Australia reduced to X units, which is down by -6.5% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 51%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, self-propelled boring machinery imports expanded notably to $X in 2022. Over the period under review, imports showed a mild descent. The most prominent rate of growth was recorded in 2017 when imports increased by 58%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Finland (X units) were the main suppliers of self-propelled boring machinery imports to Australia, with a combined 46% share of total imports. Sweden, Austria, Italy, South Korea, Germany and Canada lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +51.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), the United States ($X) and Sweden ($X) constituted the largest self-propelled boring machinery suppliers to Australia, with a combined 74% share of total imports. Germany, Italy, Austria, China, South Korea and Canada lagged somewhat behind, together comprising a further 18%.

Austria, with a CAGR of +23.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average self-propelled boring machinery import price stood at $X per unit in 2022, growing by 13% against the previous year. In general, the import price, however, saw a mild shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 22%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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