EU: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in the EU

In 2022, after three years of decline, there was significant growth in the EU self-propelled boring machinery market, when its value increased by 56% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Self-Propelled Boring Machinery Production in the EU

In value terms, self-propelled boring machinery production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 87% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports in the EU

In 2022, after two years of growth, there was significant decline in overseas shipments of self-propelled boring or sinking machinery, when their volume decreased by -31.1% to X units. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of X units, and then dropped notably in the following year.

In value terms, self-propelled boring machinery exports shrank slightly to $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Italy (X units), Sweden (X units), Germany (X units) and Finland (X units) was the largest exporter of self-propelled boring or sinking machinery in the European Union, comprising 77% of total export. Austria (X units) ranks next in terms of the total exports with an 8.9% share, followed by France (4.9%). The Netherlands (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sweden (with a CAGR of +22.6%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Sweden ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 62% share of total exports.

Sweden, with a CAGR of +19.0%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, increasing by 39% against the previous year. Over the period under review, the export price, however, recorded a pronounced descent. 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, major exporting countries recorded the following prices: in Sweden ($X per unit) and Austria ($X per unit), while the Netherlands ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-2.9%), while the other leaders experienced a decline in the export price figures.

Self-Propelled Boring Machinery Imports

Imports in the EU

In 2022, supplies from abroad of self-propelled boring or sinking machinery decreased by -33.6% to X units, falling for the second year in a row after five years of growth. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. As a result, imports attained 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 to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.7% against 2015 indices. The pace of growth was the most pronounced in 2018 when imports increased by 23% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Romania (X units), Hungary (X units), France (X units), Germany (X units), the Netherlands (X units), Italy (X units), Austria (X units), Poland (X units), Sweden (X units), Spain (X units), the Czech Republic (X units) and Belgium (X units) was the key importer of self-propelled boring or sinking machinery in the European Union, committing 85% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of +55.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 39% of total imports. Italy, Austria, Sweden, Poland, Spain, Belgium, the Czech Republic, Romania and Hungary lagged somewhat behind, together accounting for a further 43%.

Hungary, with a CAGR of +23.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, jumping by 28% against the previous year. In general, the import price, however, showed a perceptible slump. The growth pace was the most rapid in 2021 an increase of 29%. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per unit), while Hungary ($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 (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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