Germany: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Germany

The German self-propelled boring machinery market surged to $X in 2022, increasing by 58% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +91.0% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Self-Propelled Boring Machinery Production in Germany

In value terms, self-propelled boring machinery production soared to $X in 2022 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +68.3% against 2020 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Self-Propelled Boring Machinery Exports

Exports from Germany

In 2022, shipments abroad of self-propelled boring or sinking machinery decreased by -14.4% to X units for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 49%. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, self-propelled boring machinery exports expanded significantly to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 27%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for self-propelled boring machinery exports from Germany, with a 29% share of total exports. Moreover, self-propelled boring machinery exports to the United States exceeded the volume sent to the second major destination, Canada (X units), fivefold. The third position in this ranking was taken by Austria (X units), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+14.3% per year) and Austria (+16.1% per year).

In value terms, the United States ($X) remains the key foreign market for self-propelled boring or sinking machinery exports from Germany, comprising 29% of total exports. The second position in the ranking was taken by Canada ($X), with a 6.3% share of total exports. It was followed by Austria, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+10.0% per year) and Austria (+12.0% per year).

Export Prices by Country

In 2022, the average self-propelled boring machinery export price amounted to $X per unit, rising by 24% against the previous year. Overall, the export price, however, saw a pronounced descent. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Kazakhstan ($X per unit) and Finland ($X per unit), while the average price for exports to Italy ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-3.5%), while the prices for the other major destinations experienced a decline.

Self-Propelled Boring Machinery Imports

Imports into Germany

In 2022, supplies from abroad of self-propelled boring or sinking machinery decreased by -50% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, saw a mild expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 91% against the previous year. As a result, imports reached 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 contracted sharply to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 36%. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

The United States (X units), Austria (X units) and Italy (X units) were the main suppliers of self-propelled boring machinery imports to Germany, with a combined 63% share of total imports. Serbia, the Netherlands, China, Switzerland, Norway, Belgium, France and Sweden lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +36.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled boring machinery suppliers to Germany were the United States ($X), Austria ($X) and Italy ($X), together comprising 72% of total imports. The Netherlands, China, Switzerland, France, Belgium, Sweden, Norway and Serbia lagged somewhat behind, together accounting for a further 24%.

France, with a CAGR of +30.0%, recorded the highest growth rate of 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

The average self-propelled boring machinery import price stood at $X per unit in 2022, increasing by 35% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, self-propelled boring machinery import price increased by +164.4% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 95%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :