Belgium: Self-Propelled Boring Machinery Market 2025

Self-Propelled Boring Machinery Market Size in Belgium

In 2022, the Belgian self-propelled boring machinery market increased by 21,379% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Self-Propelled Boring Machinery Production in Belgium

In value terms, self-propelled boring machinery production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Self-Propelled Boring Machinery Exports

Exports from Belgium

In 2022, after three years of growth, there was significant decline in shipments abroad of self-propelled boring or sinking machinery, when their volume decreased by -84.4% to X units. Over the period under review, exports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 386%. The exports peaked at X units in 2021, and then fell markedly in the following year.

In value terms, self-propelled boring machinery exports reduced rapidly to $X in 2022. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 522% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell significantly in the following year.

Exports by Country

The Netherlands (X units) was the main destination for self-propelled boring machinery exports from Belgium, with a 33% share of total exports. Moreover, self-propelled boring machinery exports to the Netherlands exceeded the volume sent to the second major destination, France (X units), threefold. Australia (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+11.6% per year) and Australia (-4.3% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for self-propelled boring or sinking machinery exports from Belgium, comprising 42% of total exports. The second position in the ranking was held by France ($X), with a 15% share of total exports. It was followed by Australia, with a 9% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.3% per year) and Australia (-6.1% per year).

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, picking up by 28% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 88% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Serbia ($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 Luxembourg (+29.0%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Boring Machinery Imports

Imports into Belgium

Self-propelled boring machinery imports into Belgium shrank notably to X units in 2022, dropping by -46.1% on 2021 figures. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 208% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled boring machinery imports reduced modestly to $X in 2022. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 68% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X units), France (X units) and Germany (X units) were the main suppliers of self-propelled boring machinery imports to Belgium, together comprising 73% of total imports. Austria, Turkey, Italy, China, the Czech Republic, the United States, Switzerland, Ireland and Chile lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) constituted the largest self-propelled boring machinery suppliers to Belgium, with a combined 80% share of total imports. Austria, Italy, Turkey, the United States, China, Chile, Ireland, Switzerland and the Czech Republic lagged somewhat behind, together comprising a further 20%.

Ireland, with a CAGR of +12.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average self-propelled boring machinery import price stood at $X per unit in 2022, with an increase of 79% 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 +1.3% 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 +167.8% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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