Austria: Boring Machinery Market 2024

Boring Machinery Market Size in Austria

The Austrian boring machinery market dropped to $X in 2022, declining by -13% against the previous year. Over the period under review, consumption, however, posted a pronounced expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Boring Machinery Production in Austria

In value terms, boring machinery production shrank to $X in 2022 estimated in export price. In general, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 74%. Boring machinery production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Boring Machinery Exports

Exports from Austria

In 2022, overseas shipments of boring or sinking machinery were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 140% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, boring machinery exports dropped markedly to $X in 2022. In general, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 105% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X units) was the main destination for boring machinery exports from Austria, with a 63% share of total exports. Moreover, boring machinery exports to Switzerland exceeded the volume sent to the second major destination, the UK (X units), sevenfold. The third position in this ranking was held by Norway (X units), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Norway (+14.9% per year).

In value terms, Switzerland ($X) remains the key foreign market for boring or sinking machinery exports from Austria, comprising 60% of total exports. The second position in the ranking was taken by Norway ($X), with a 9.2% share of total exports. It was followed by the UK, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland amounted to -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-2.7% per year) and the UK (+379.2% per year).

Export Prices by Country

In 2022, the average boring machinery export price amounted to $X per unit, waning by -50% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of 56%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per unit), while the average price for exports to Germany ($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 Croatia (+6.3%), while the prices for the other major destinations experienced a decline.

Boring Machinery Imports

Imports into Austria

Boring machinery imports into Austria surged to X units in 2022, increasing by 38% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 83% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, boring machinery imports soared to $X in 2022. In general, imports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 102% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Switzerland (X units) constituted the largest supplier of boring machinery to Austria, with a 67% share of total imports. Moreover, boring machinery imports from Switzerland exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Switzerland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.3% per year) and Germany (-20.6% per year).

In value terms, Switzerland ($X) constituted the largest supplier of boring or sinking machinery to Austria, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Switzerland amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.0% per year) and China (-0.1% per year).

Import Prices by Country

In 2022, the average boring machinery import price amounted to $X per unit, falling by -8.8% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, boring machinery import price decreased by -41.9% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 57%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Switzerland ($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 (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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