Denmark: Self-Propelled Boring Machinery Market 2025

Self-Propelled Boring Machinery Market Size in Denmark

In 2022, the Danish self-propelled boring machinery market increased by 245% to $X, rising for the third year in a row after three years of decline. Overall, consumption saw a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Self-Propelled Boring Machinery Production in Denmark

In value terms, self-propelled boring machinery production totaled less than $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with a decrease of 99.9% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports from Denmark

Self-propelled boring machinery exports from Denmark reached X units in 2022, growing by 2% compared with 2021. In general, exports recorded a significant increase. The growth pace was the most rapid in 2018 with an increase of 400% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, self-propelled boring machinery exports soared to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 5,172%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

India (X units) was the main destination for self-propelled boring machinery exports from Denmark, with a 58% share of total exports. Moreover, self-propelled boring machinery exports to India exceeded the volume sent to the second major destination, Norway (X units), fourfold. Greenland (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+29.7% per year) and Greenland (+11.6% per year).

In value terms, India ($X) emerged as the key foreign market for self-propelled boring or sinking machinery exports from Denmark, comprising 69% of total exports. The second position in the ranking was taken by Norway ($X), with an 18% share of total exports. It was followed by Greenland, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+38.4% per year) and Greenland (+6.3% per year).

Export Prices by Country

In 2022, the average self-propelled boring machinery export price amounted to $X per unit, picking up by 39% against the previous year. Overall, the export price saw buoyant growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 1,657% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 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 Hungary ($X per unit), while the average price for exports to Russia ($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 Singapore (+71.7%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into Denmark

In 2022, purchases abroad of self-propelled boring or sinking machinery decreased by -12% to X units, falling for the second year in a row after three years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 46% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, self-propelled boring machinery imports rose sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and Iceland (X units) were the main suppliers of self-propelled boring machinery imports to Denmark, together comprising 59% of total imports.

From 2012 to 2022, the biggest increases were recorded for Iceland (with a CAGR of 0.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled boring machinery suppliers to Denmark were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined 77% share of total imports. The UK, India, Finland, Sweden, Iceland, Norway, Turkey, the United States and Faroe Islands lagged somewhat behind, together accounting for a further 23%.

Sweden, with a CAGR of +21.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 self-propelled boring machinery import price amounted to $X per unit, with an increase of 27% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 36%. The import price peaked at $X per unit in 2012; however, from 2013 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 Italy ($X per unit), while the price for Faroe Islands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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