Sri Lanka: Self-Propelled Boring Machinery Market 2025

Self-Propelled Boring Machinery Market Size in Sri Lanka

In 2022, the Sri Lankan self-propelled boring machinery market decreased by -91.6% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption saw a significant decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Self-Propelled Boring Machinery Production in Sri Lanka

In value terms, self-propelled boring machinery production surged to $X in 2022 estimated in export price. In general, production enjoyed significant growth. Self-propelled boring machinery production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Self-Propelled Boring Machinery Exports

Exports from Sri Lanka

In 2022, approx. X units of self-propelled boring or sinking machinery were exported from Sri Lanka; falling by -25% compared with the previous year. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 125%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, self-propelled boring machinery exports soared to $X in 2022. In general, exports showed a deep downturn. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Maldives (X units) and Singapore (X units) were the main destinations of self-propelled boring machinery exports from Sri Lanka.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for self-propelled boring or sinking machinery exports from Sri Lanka, comprising 91% of total exports. The second position in the ranking was held by India ($X), with a 9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Singapore amounted to -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-15.8% per year) and Maldives (-9.0% per year).

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, with an increase of 1,164% against the previous year. In general, the export price, however, saw a abrupt setback. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 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 Singapore ($X per unit), while the average price for exports to Maldives ($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 Singapore (-8.4%), while the prices for the other major destinations experienced a decline.

Self-Propelled Boring Machinery Imports

Imports into Sri Lanka

In 2022, approx. X units of self-propelled boring or sinking machinery were imported into Sri Lanka; with a decrease of -92.9% compared with the previous year. Over the period under review, imports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 103% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, self-propelled boring machinery imports reduced notably to $X in 2022. Overall, imports faced a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 178%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) was the main supplier of self-propelled boring machinery to Sri Lanka, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -18.8%.

In value terms, Germany ($X) constituted the largest supplier of self-propelled boring or sinking machinery to Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -35.1%.

Import Prices by Country

The average self-propelled boring machinery import price stood at $X per unit in 2022, with an increase of 6.1% against the previous year. Overall, the import price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2021 an increase of 158% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +4.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :