China: Self-Propelled Boring Machinery Market 2025

Self-Propelled Boring Machinery Market Size in China

For the third year in a row, the Chinese self-propelled boring machinery market recorded decline in sales value, which decreased by -99.1% to $X in 2022. Overall, consumption continues to indicate a precipitous decline. Self-propelled boring machinery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Self-Propelled Boring Machinery Production in China

In value terms, self-propelled boring machinery production declined slightly to $X in 2022 estimated in export price. In general, production, however, showed a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 5.4%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Self-Propelled Boring Machinery Exports

Exports from China

In 2022, overseas shipments of self-propelled boring or sinking machinery increased by 56% to X units, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when exports increased by 68%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, self-propelled boring machinery exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Kuwait (X units) and Vietnam (X units) were the main destinations of self-propelled boring machinery exports from China, together accounting for 41% 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 Germany (with a CAGR of +106.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled boring machinery exported from China were India ($X), Russia ($X) and Saudi Arabia ($X), with a combined 43% share of total exports. Mexico, Kuwait, Vietnam, Indonesia, the Philippines, Chile, Nigeria, Pakistan, Germany and the United States lagged somewhat behind, together comprising a further 24%.

The Philippines, with a CAGR of +44.6%, saw the highest growth rate of the value of exports, among 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 5.6% against the previous year. In general, the export price, however, faced a abrupt decline. The pace of growth was the most pronounced in 2021 an increase of 24%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Germany ($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 the Philippines (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into China

In 2022, overseas purchases of self-propelled boring or sinking machinery decreased by -16.4% to X units, falling for the second consecutive year after three years of growth. Overall, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by 283% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled boring machinery imports reduced markedly to $X in 2022. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 191%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X units), the United States (X units) and Sweden (X units) were the main suppliers of self-propelled boring machinery imports to China, with a combined 41% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +19.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of self-propelled boring or sinking machinery to China, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 10% share of total imports. It was followed by Finland, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-22.4% per year) and Finland (+127.6% per year).

Import Prices by Country

The average self-propelled boring machinery import price stood at $X per unit in 2022, reducing by -9.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 68% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+127.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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