South-Eastern Asia: Self-Propelled Boring Machinery Market 2025

Self-Propelled Boring Machinery Market Size in South-Eastern Asia

The Southeast Asian self-propelled boring machinery market fell slightly to $X in 2022, dropping by -2.3% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the market value increased by 5.7%. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Self-Propelled Boring Machinery Production in South-Eastern Asia

In value terms, self-propelled boring machinery production declined to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 1.9%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Self-Propelled Boring Machinery Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of self-propelled boring or sinking machinery increased by 207% to X units, rising for the second consecutive year after six years of decline. Overall, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled boring machinery exports skyrocketed to $X in 2022. Over the period under review, exports recorded a temperate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore dominates exports structure, recording X units, which was near 95% of total exports in 2022. Thailand (X units) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the self-propelled boring or sinking machinery exports, with a CAGR of +10.7% from 2012 to 2022. Thailand experienced a relatively flat trend pattern. Singapore (+12 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -4.4% from 2012 to 2022, respectively.

In value terms, Singapore ($X) remains the largest self-propelled boring machinery supplier in South-Eastern Asia, comprising 89% of total exports. The second position in the ranking was held by Thailand ($X), with a 2.5% share of total exports.

In Singapore, self-propelled boring machinery exports expanded at an average annual rate of +7.2% over the period from 2012-2022.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, with a decrease of -13.7% against the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2014 when the export price increased by 23%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-3.1%).

Self-Propelled Boring Machinery Imports

Imports in South-Eastern Asia

Self-propelled boring machinery imports shrank to X units in 2022, falling by -14.6% against the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 72%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, self-propelled boring machinery imports surged to $X in 2022. In general, imports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2017 when imports increased by 32%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X units) represented the largest importer of self-propelled boring or sinking machinery, generating 49% of total imports. The Philippines (X units) ranks second in terms of the total imports with a 17% share, followed by Indonesia (15%), Malaysia (6.6%) and Thailand (6.5%). Vietnam (X units) followed a long way behind the leaders.

Imports into Singapore increased at an average annual rate of +1.6% from 2012 to 2022. At the same time, Thailand (+7.8%), the Philippines (+5.0%) and Indonesia (+3.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +7.8% from 2012-2022. Vietnam experienced a relatively flat trend pattern. By contrast, Malaysia (-13.1%) illustrated a downward trend over the same period. Singapore (+6.7 p.p.), the Philippines (+6.6 p.p.), Indonesia (+4 p.p.) and Thailand (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by -20.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported self-propelled boring or sinking machinery in South-Eastern Asia, comprising 47% of total imports. The second position in the ranking was taken by Singapore ($X), with an 18% share of total imports. It was followed by Vietnam, with a 13% share.

In Indonesia, self-propelled boring machinery imports expanded at an average annual rate of +2.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (-3.2% per year) and Vietnam (+2.8% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, surging by 41% against the previous year. Over the period under review, the import price, however, saw a mild decrease. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :