Luxembourg: Self-Propelled Boring Machinery Market 2025

Self-Propelled Boring Machinery Market Size in Luxembourg

The Luxembourg self-propelled boring machinery market soared to $X in 2022, rising by 77% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a measured expansion. Self-propelled boring machinery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Self-Propelled Boring Machinery Exports

Exports from Luxembourg

In 2022, approx. X units of self-propelled boring or sinking machinery were exported from Luxembourg; almost unchanged from 2021. Over the period under review, exports recorded a significant increase. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, self-propelled boring machinery exports amounted to $X in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 1,799%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for self-propelled boring machinery exports from Luxembourg, accounting for a 80% share of total exports. Moreover, self-propelled boring machinery exports to Spain exceeded the volume sent to the second major destination, Germany (X units), fourfold.

From 2019 to 2022, the average annual growth rate of volume to Spain was relatively modest.

From 2019 to 2022, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, approximately mirroring the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price decreased by -45.2%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Spain totaled $X per unit.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-11.0%).

Self-Propelled Boring Machinery Imports

Imports into Luxembourg

Self-propelled boring machinery imports into Luxembourg skyrocketed to X units in 2022, rising by 57% against 2021. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 533%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, self-propelled boring machinery imports skyrocketed to $X in 2022. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 813%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of self-propelled boring machinery to Luxembourg, with a 68% share of total imports. Moreover, self-propelled boring machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.6% per year) and Belgium (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of self-propelled boring or sinking machinery to Luxembourg, comprising 75% of total imports. The second position in the ranking was held by Italy ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.9% per year) and Belgium (-25.1% per year).

Import Prices by Country

The average self-propelled boring machinery import price stood at $X per unit in 2022, increasing by 108% against the previous year. In general, the import price recorded pronounced growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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