Switzerland: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Switzerland

The Swiss self-propelled boring machinery market skyrocketed to $X in 2022, jumping by 59% against the previous year. In general, consumption continues to indicate a strong increase. Self-propelled boring machinery consumption peaked in 2022 and is expected to retain growth in the near future.

Self-Propelled Boring Machinery Production in Switzerland

In value terms, self-propelled boring machinery production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant decrease. The most prominent rate of growth was recorded in 2015 when the production volume decreased by 99.9% against the previous year. Self-propelled boring machinery production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports from Switzerland

In 2022, the amount of self-propelled boring or sinking machinery exported from Switzerland totaled X units, therefore, remained relatively stable against the previous year's figure. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 195% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-propelled boring machinery exports reduced dramatically to $X in 2022. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 221% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), Austria (X units) and Italy (X units) were the main destinations of self-propelled boring machinery exports from Switzerland, with a combined 63% share 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 Italy (with a CAGR of +23.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled boring machinery exported from Switzerland were Austria ($X), Germany ($X) and Italy ($X), with a combined 77% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +32.9%, saw the highest rates of growth with regard to the value of exports, 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, waning by -25.8% against the previous year. Over the period under review, the export price, however, recorded perceptible growth. The pace of growth appeared the most rapid in 2019 an increase of 53%. The export price peaked at $X per unit in 2021, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Cote d'Ivoire ($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 Italy (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into Switzerland

In 2022, supplies from abroad of self-propelled boring or sinking machinery increased by 43% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 59% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, self-propelled boring machinery imports expanded remarkably to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.7% against 2016 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 37%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Germany (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of self-propelled boring machinery imports to Switzerland, together comprising 76% of total imports. Austria, the United States, Finland, Sweden and France lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled boring machinery suppliers to Switzerland were Germany ($X), Italy ($X) and Austria ($X), with a combined 79% share of total imports. The Netherlands, Sweden, Finland, the United States and France lagged somewhat behind, together accounting for a further 16%.

Sweden, with a CAGR of +17.9%, 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

In 2022, the average self-propelled boring machinery import price amounted to $X per unit, dropping by -24% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 27%. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for the Netherlands ($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 United States (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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