Austria: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Austria

In 2022, the Austrian self-propelled boring machinery market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a pronounced reduction. The growth pace was the most rapid in 2018 when the market value increased by 10% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Self-Propelled Boring Machinery Production in Austria

In value terms, self-propelled boring machinery production dropped modestly to $X in 2022 estimated in export price. In general, production, however, showed a mild shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by 7%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports from Austria

In 2022, shipments abroad of self-propelled boring or sinking machinery decreased by -16.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2016 when exports increased by 67% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then contracted markedly in the following year.

In value terms, self-propelled boring machinery exports stood at $X in 2022. In general, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 82% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Germany (X units) and Canada (X units) were the main destinations of self-propelled boring machinery exports from Austria, with a combined 48% share of total exports. Australia, Saudi Arabia, Poland, Switzerland, Romania, the UK, France, the Netherlands, Brazil and Russia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +107.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Canada ($X) were the largest markets for self-propelled boring machinery exported from Austria worldwide, together accounting for 48% of total exports. Australia, Saudi Arabia, Poland, Switzerland, Romania, the UK, France, the Netherlands, Brazil and Russia lagged somewhat behind, together comprising a further 37%.

Brazil, with a CAGR of +153.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average self-propelled boring machinery export price amounted to $X per unit, growing by 21% against the previous year. In general, the export price, however, saw a perceptible downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per unit) and Russia ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Romania ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+50.7%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into Austria

In 2022, self-propelled boring machinery imports into Austria declined notably to X units, reducing by -43.4% against 2021. Over the period under review, imports, however, recorded resilient growth. The growth pace was the most rapid in 2020 with an increase of 95% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, self-propelled boring machinery imports shrank notably to $X in 2022. In general, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 99%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of self-propelled boring machinery to Austria, with a 57% share of total imports. Moreover, self-propelled boring machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Switzerland (X units) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+31.1% per year) and Switzerland (+17.5% per year).

In value terms, Germany ($X) constituted the largest supplier of self-propelled boring or sinking machinery to Austria, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Switzerland, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+32.9% per year) and Switzerland (+16.2% per year).

Import Prices by Country

In 2022, the average self-propelled boring machinery import price amounted to $X per unit, growing by 47% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, self-propelled boring machinery import price increased by +125.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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