Netherlands: Boring Machinery Market 2024

Boring Machinery Market Size in the Netherlands

The Dutch boring machinery market rose remarkably to $X in 2022, picking up by 6.2% against the previous year. Over the period under review, consumption saw a remarkable increase. Boring machinery consumption peaked in 2022 and is expected to retain growth in the near future.

Boring Machinery Production in the Netherlands

In value terms, boring machinery production fell modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.9% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 48% against the previous year. Boring machinery production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Boring Machinery Exports

Exports from the Netherlands

In 2022, approx. X units of boring or sinking machinery were exported from the Netherlands; with a decrease of -57.3% compared with 2021 figures. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2018 when exports increased by 45%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, boring machinery exports dropped dramatically to $X in 2022. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2018 when exports increased by 35%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for boring machinery exports from the Netherlands, with a 49% share of total exports. Moreover, boring machinery exports to the UK exceeded the volume sent to the second major destination, Germany (X units), fourfold. Belgium (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-11.8% per year) and Belgium (-2.2% per year).

In value terms, the UK ($X) emerged as the key foreign market for boring or sinking machinery exports from the Netherlands, comprising 48% of total exports. The second position in the ranking was taken by Israel ($X), with a 14% share of total exports. It was followed by the Philippines, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+113.9% per year) and the Philippines (+283.0% per year).

Export Prices by Country

The average boring machinery export price stood at $X per unit in 2022, approximately equating the previous year. Over the period under review, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Germany ($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 France (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Boring Machinery Imports

Imports into the Netherlands

In 2022, approx. X units of boring or sinking machinery were imported into the Netherlands; with a decrease of -48.7% against the previous year's figure. Overall, imports continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2018 with an increase of 215%. Imports peaked at X units in 2021, and then reduced markedly in the following year.

In value terms, boring machinery imports fell markedly to $X in 2022. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 136% against the previous year. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

The UK (X units), the United States (X units) and Norway (X units) were the main suppliers of boring machinery imports to the Netherlands, with a combined 44% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Norway ($X) constituted the largest boring machinery suppliers to the Netherlands, together accounting for 85% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +29.3%, recorded 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, reducing by -53.2% against the previous year. In general, the import price faced a abrupt decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 17%. 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 Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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