Report Update Nov 1, 2024

Saudi Arabia - Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Boring Machinery Market 2024

Boring Machinery Market Size in Saudi Arabia

In 2022, after two years of decline, there was significant growth in the Saudi boring machinery market, when its value increased by 57% to $X. Overall, consumption, however, saw a slight shrinkage. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Boring Machinery Production in Saudi Arabia

In value terms, boring machinery production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 85% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Boring Machinery Exports

Exports from Saudi Arabia

In 2022, after two years of growth, there was significant decline in overseas shipments of boring or sinking machinery, when their volume decreased by -67% to X units. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by 8,500%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, boring machinery exports contracted markedly to $X in 2022. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 7,479%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units) and Kuwait (X units) were the main destinations of boring machinery exports from Saudi Arabia.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +108.6%).

In value terms, Kuwait ($X) emerged as the key foreign market for boring or sinking machinery exports from Saudi Arabia, comprising 86% of total exports. The second position in the ranking was taken by India ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Kuwait totaled +37.9%.

Export Prices by Country

The average boring machinery export price stood at $X per unit in 2022, increasing by 96% against the previous year. Overall, the export price, however, saw a deep slump. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Boring Machinery Imports

Imports into Saudi Arabia

In value terms, boring machinery imports fell notably to $X in 2022. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 1,314%. Imports peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In value terms, the United Arab Emirates ($X) constituted the largest supplier of boring or sinking machinery to Saudi Arabia, comprising 89% of total imports. The second position in the ranking was taken by China ($X), with a 4.1% share of total imports. It was followed by South Korea, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.3% per year) and South Korea (-12.9% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for boring or sinking machinery in the world?

The countries with the highest volumes of in 2021 were Spain, Canada and Indonesia, with a combined 38% share of global consumption. These countries were followed by Japan, South Africa, Germany, China, Italy, the United Arab Emirates, France, Syrian Arab Republic, Singapore and Nigeria, which together accounted for a further 34%.

What are the largest producers of boring or sinking machinery in the world?

The countries with the highest volumes of in 2021 were Indonesia, Canada and Spain, with a combined 37% share of global production. These countries were followed by Italy, Japan, the United Arab Emirates, Germany, South Africa, the Netherlands, China, Singapore, Syrian Arab Republic and the UK, which together accounted for a further 42%.

What are the leading importers of boring or sinking machinery from Saudi Arabia?

In value terms, Kuwait remains the key foreign market for boring machinery exports from Saudi Arabia, comprising 92% of total exports. The second position in the ranking was occupied by India, with a 7.7% share of total exports.

What is the average export price for boring or sinking machinery in Saudi Arabia?

In 2021, the average boring machinery export price amounted to $2.7 per unit, falling by -7.4% against the previous year.

This report provides an in-depth analysis of the boring machinery market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023