Benelux: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Benelux

In 2022, the Benelux self-propelled boring machinery market increased by 314% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Self-Propelled Boring Machinery Production in Benelux

In value terms, self-propelled boring machinery production declined remarkably to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +49.3% against 2018 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 80%. The level of production peaked at $X in 2021, and then declined dramatically in the following year.

Self-Propelled Boring Machinery Exports

Exports in Benelux

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 -70% to X units. Over the period under review, exports, however, recorded slight growth. The most prominent rate of growth was recorded in 2020 when exports increased by 77%. The volume of export peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, self-propelled boring machinery exports plummeted to $X in 2022. Overall, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

The Netherlands was the key exporter of self-propelled boring or sinking machinery in Benelux, with the volume of exports reaching X units, which was approx. 74% of total exports in 2022. It was distantly followed by Belgium (X units), making up a 25% share of total exports.

The Netherlands was also the fastest-growing in terms of the self-propelled boring or sinking machinery exports, with a CAGR of +3.8% from 2012 to 2022. Belgium (-3.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+16 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-16.8 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest self-propelled boring machinery supplier in Benelux, comprising 77% of total exports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total exports.

In the Netherlands, self-propelled boring machinery exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, jumping by 45% against the previous year. Overall, the export price, however, recorded a pronounced decline. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-4.4%).

Self-Propelled Boring Machinery Imports

Imports in Benelux

In 2022, supplies from abroad of self-propelled boring or sinking machinery decreased by -55.7% to X units, falling for the second year in a row after four years of growth. In general, imports recorded a slight descent. The most prominent rate of growth was recorded in 2020 when imports increased by 118% 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 dropped markedly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

The Netherlands was the main importer of self-propelled boring or sinking machinery in Benelux, with the volume of imports accounting for X units, which was near 70% of total imports in 2022. It was distantly followed by Belgium (X units) and Luxembourg (X units), together mixing up a 30% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to self-propelled boring machinery imports into the Netherlands stood at +2.7%. At the same time, Luxembourg (+5.4%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +5.4% from 2012-2022. By contrast, Belgium (-8.9%) illustrated a downward trend over the same period. The Netherlands (+22 p.p.) and Luxembourg (+4.1 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -26.5% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported self-propelled boring or sinking machinery in Benelux, comprising 68% of total imports. The second position in the ranking was held by Belgium ($X), with a 23% share of total imports.

In the Netherlands, self-propelled boring machinery imports expanded at an average annual rate of +3.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-7.7% per year) and Luxembourg (+7.8% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, growing by 81% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform