Czech Republic: Boring Machinery Market 2024

Boring Machinery Market Size in the Czech Republic

The Czech boring machinery market surged to $X in 2022, with an increase of 53% against the previous year. In general, consumption recorded a relatively flat trend pattern. Boring machinery consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Boring Machinery Production in the Czech Republic

In value terms, boring machinery production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Boring Machinery Exports

Exports from the Czech Republic

In 2022, exports of boring or sinking machinery from the Czech Republic declined sharply to X units, waning by -95.8% on the previous year's figure. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 1,030%. Over the period under review, the exports attained the maximum at X units in 2021, and then declined dramatically in the following year.

In value terms, boring machinery exports declined rapidly to $X in 2022. In general, exports, however, continue to indicate a temperate expansion. The growth pace was the most rapid in 2013 when exports increased by 1,485%. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

France (X units), Germany (X units) and Poland (X units) were the main destinations of boring machinery exports from the Czech Republic, with a combined 59% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +17.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for boring machinery exported from the Czech Republic were France ($X), Germany ($X) and Poland ($X), with a combined 62% share of total exports. Slovakia, Belgium, Italy and Switzerland lagged somewhat behind, together comprising a further 18%.

Belgium, with a CAGR of +36.7%, 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 boring machinery export price amounted to $X per unit, with an increase of 84% against the previous year. In general, the export price, however, saw a slight contraction. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Switzerland ($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 Belgium (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Boring Machinery Imports

Imports into the Czech Republic

In 2022, the amount of boring or sinking machinery imported into the Czech Republic reduced rapidly to X units, shrinking by -23.7% compared with the year before. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 72% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, boring machinery imports expanded sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 136% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and the UK (X units) were the main suppliers of boring machinery imports to the Czech Republic, with a combined 66% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) constituted the largest boring machinery suppliers to the Czech Republic, together comprising 75% of total imports. Italy, the UK, France, Poland and Austria lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Austria, with a CAGR of +42.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average boring machinery import price amounted to $X per unit, surging by 46% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 126% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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