CIS: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in CIS

The CIS self-propelled boring machinery market surged to $X in 2022, growing by 16% against the previous year. In general, consumption, however, saw a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Self-Propelled Boring Machinery Production in CIS

In value terms, self-propelled boring machinery production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded perceptible growth. The growth pace was the most rapid in 2014 when the production volume increased by 566%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports in CIS

In 2022, the amount of self-propelled boring or sinking machinery exported in the CIS skyrocketed to X units, with an increase of 41% on 2021 figures. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 76% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, self-propelled boring machinery exports contracted modestly to $X in 2022. In general, exports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of 121%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia represented the main exporting country with an export of about X units, which recorded 68% of total exports. It was distantly followed by Kazakhstan (X units) and Belarus (X units), together comprising a 26% share of total exports. Azerbaijan (X units) took a little share of total exports.

Exports from Russia increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, Azerbaijan (+26.0%), Kazakhstan (+21.3%) and Belarus (+2.9%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +26.0% from 2012-2022. While the share of Kazakhstan (+12 p.p.) and Azerbaijan (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (-3.9 p.p.) and Russia (-7.3 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest self-propelled boring machinery supplier in the CIS, comprising 61% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an 18% share of total exports. It was followed by Belarus, with a 13% share.

In Russia, self-propelled boring machinery exports plunged by an average annual rate of -5.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+40.1% per year) and Belarus (+0.1% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, declining by -30.6% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when the export price increased by 51%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+15.5%), while the other leaders experienced mixed trends in the export price figures.

Self-Propelled Boring Machinery Imports

Imports in CIS

In 2022, imports of self-propelled boring or sinking machinery in the CIS surged to X units, rising by 36% on the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 45% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, self-propelled boring machinery imports fell to $X in 2022. Overall, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 65% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, reaching X units, which was approx. 77% of total imports in 2022. It was distantly followed by Kazakhstan (X units) and Uzbekistan (X units), together creating a 17% share of total imports. Azerbaijan (X units) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +1.6% from 2012 to 2022. At the same time, Uzbekistan (+8.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +8.1% from 2012-2022. By contrast, Azerbaijan (-4.7%) and Kazakhstan (-6.1%) illustrated a downward trend over the same period. Uzbekistan (+8.1 p.p.) and Russia (+6.5 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -8.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported self-propelled boring or sinking machinery in the CIS, comprising 73% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 14% share of total imports. It was followed by Uzbekistan, with a 7.7% share.

In Russia, self-propelled boring machinery imports declined by an average annual rate of -5.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-4.0% per year) and Uzbekistan (+5.5% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, shrinking by -31.2% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 13% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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