Netherlands: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in the Netherlands

In 2022, the Dutch self-propelled boring machinery market increased by 33% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, saw a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

Self-Propelled Boring Machinery Production in the Netherlands

In value terms, self-propelled boring machinery production dropped notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by 146%. As a result, production attained the peak level of $X, and then reduced rapidly in the following year.

Self-Propelled Boring Machinery Exports

Exports from the Netherlands

After three years of growth, shipments abroad of self-propelled boring or sinking machinery decreased by -57.3% to X units in 2022. Overall, exports, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2013 when exports increased by 58% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped rapidly in the following year.

In value terms, self-propelled boring machinery exports fell remarkably to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 29%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units), the United States (X units) and Belgium (X units) were the main destinations of self-propelled boring machinery exports from the Netherlands, with a combined 47% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +39.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Belgium ($X) were the largest markets for self-propelled boring machinery exported from the Netherlands worldwide, with a combined 50% share of total exports. Germany, New Zealand, Switzerland, Singapore, Australia, Norway, Saudi Arabia, Italy and France lagged somewhat behind, together accounting for a further 34%.

Switzerland, with a CAGR of +84.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, jumping by 49% against the previous year. Overall, the export price, however, continues to indicate a noticeable descent. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and Switzerland ($X per unit), while the average price for exports to France ($X per unit) and Italy ($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 Switzerland (+36.5%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into the Netherlands

After five years of growth, supplies from abroad of self-propelled boring or sinking machinery decreased by -61.2% to X units in 2022. In general, imports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 113% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped dramatically in the following year.

In value terms, self-propelled boring machinery imports contracted remarkably to $X in 2022. Overall, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2014 with an increase of 59%. Imports peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of self-propelled boring machinery to the Netherlands, accounting for a 62% share of total imports. Moreover, self-propelled boring machinery imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X units), sevenfold. Norway (X units) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+31.1% per year) and Norway (+36.4% per year).

In value terms, the United States ($X) constituted the largest supplier of self-propelled boring or sinking machinery to the Netherlands, comprising 76% of total imports. The second position in the ranking was taken by the UK ($X), with a 10% share of total imports. It was followed by Germany, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+43.4% per year) and Germany (-1.4% per year).

Import Prices by Country

The average self-propelled boring machinery import price stood at $X per unit in 2022, rising by 79% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached 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 Japan ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+35.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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