Report Update May 1, 2025

Sri Lanka - Self-Propelled Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights

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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) :

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

The countries with the highest volumes of in 2021 were India, China and the United States, with a combined 34% share of global consumption. Syrian Arab Republic, Togo, Australia, Egypt, Indonesia, South Africa, Iran, Japan and Canada lagged somewhat behind, together accounting for a further 32%.

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

The countries with the highest volumes of in 2021 were Italy, Germany and China, together accounting for 45% of global production. These countries were followed by Sweden, Finland, Austria, the United States, France, Indonesia, Japan and the Netherlands, which together accounted for a further 44%.

What are the leading suppliers of self-propelled boring or sinking machinery to Sri Lanka?

In value terms, China constituted the largest supplier of self-propelled boring machinery to Sri Lanka, comprising 13% of total imports. The second position in the ranking was occupied by the Netherlands $39), with a 0% share of total imports.

What is the average import price for self-propelled boring or sinking machinery in Sri Lanka?

In 2021, the average self-propelled boring machinery import price amounted to $150,859 per unit, rising by 48% against the previous year.

This report provides an in-depth analysis of the self-propelled boring machinery market in Sri Lanka. 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 28921253 - Self-propelled boring or sinking machinery

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024