Sweden: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Sweden

In 2022, the Swedish self-propelled boring machinery market was finally on the rise to reach $X after three years of decline. In general, consumption, however, continues to indicate a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Self-Propelled Boring Machinery Production in Sweden

In value terms, self-propelled boring machinery production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 13%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Self-Propelled Boring Machinery Exports

Exports from Sweden

In 2022, after two years of growth, there was significant decline in shipments abroad of self-propelled boring or sinking machinery, when their volume decreased by -38% to X units. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 567%. Over the period under review, the exports hit record highs at X units in 2021, and then shrank sharply in the following year.

In value terms, self-propelled boring machinery exports reduced to $X in 2022. In general, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 505% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted modestly in the following year.

Exports by Country

The United States (X units), Australia (X units) and Chile (X units) were the main destinations of self-propelled boring machinery exports from Sweden, together accounting for 41% 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 Australia (with a CAGR of +60.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and Chile ($X) were the largest markets for self-propelled boring machinery exported from Sweden worldwide, together comprising 41% of total exports.

Australia, with a CAGR of +56.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average self-propelled boring machinery export price amounted to $X per unit, with an increase of 58% against the previous year. Overall, the export price, however, recorded a perceptible shrinkage. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Brazil ($X per unit) and China ($X per unit), while the average price for exports to Spain ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+0.7%), while the prices for the other major destinations experienced a decline.

Self-Propelled Boring Machinery Imports

Imports into Sweden

In 2022, purchases abroad of self-propelled boring or sinking machinery decreased by -44.9% to X units, falling for the second year in a row after three years of growth. Overall, imports, however, saw a modest increase. The growth pace was the most rapid in 2016 with an increase of 208% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, self-propelled boring machinery imports fell sharply to $X in 2022. In general, imports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of 213%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Norway (X units), Finland (X units) and the United States (X units) were the main suppliers of self-propelled boring machinery imports to Sweden, with a combined 79% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +44.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Finland ($X) and the United States ($X) were the largest self-propelled boring machinery suppliers to Sweden, with a combined 83% share of total imports.

Finland, with a CAGR of +67.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average self-propelled boring machinery import price stood at $X per unit in 2022, growing by 47% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, self-propelled boring machinery import price increased by +149.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 70% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Turkey ($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 Netherlands (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :