Poland: Boring Machinery Market 2024

Boring Machinery Market Size in Poland

The Polish boring machinery market reduced to $X in 2022, with a decrease of -12.1% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Boring Machinery Production in Poland

In value terms, boring machinery production dropped to $X in 2022 estimated in export price. In general, production, however, showed moderate growth. The growth pace was the most rapid in 2015 with an increase of 59%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Boring Machinery Exports

Exports from Poland

In 2022, after two years of growth, there was significant decline in shipments abroad of boring or sinking machinery, when their volume decreased by -26.8% to X units. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 287%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, boring machinery exports reduced to $X in 2022. Overall, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 190%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X units), Austria (X units) and Chile (X units) were the main destinations of boring machinery exports from Poland, with a combined 44% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +22.3%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Chile ($X) and South Africa ($X) appeared to be the largest markets for boring machinery exported from Poland worldwide, together comprising 58% of total exports. Peru, Burkina Faso, Egypt, the United States, Canada, Austria, the Netherlands, Kyrgyzstan, Serbia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, Burkina Faso, with a CAGR of +84.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average boring machinery export price stood at $X per unit in 2022, surging by 20% against the previous year. Overall, the export price recorded resilient growth. The growth pace was the most rapid in 2015 when the average export price increased by 127% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 South Africa (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Boring Machinery Imports

Imports into Poland

In 2022, the amount of boring or sinking machinery imported into Poland declined remarkably to X units, with a decrease of -63.9% on the year before. In general, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2018 when imports increased by 929% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, boring machinery imports reduced remarkably to $X in 2022. Overall, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2018 with an increase of 1,099% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Austria (X units) and Italy (X units) were the main suppliers of boring machinery imports to Poland, with a combined 73% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +23.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Austria ($X) and China ($X) were the largest boring machinery suppliers to Poland, with a combined 62% share of total imports.

Among the main suppliers, China, with a CAGR of +26.0%, saw the highest growth rate of 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

The average boring machinery import price stood at $X per unit in 2022, surging by 14% against the previous year. Over the period under review, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2015 an increase of 115%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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 Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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