United Kingdom: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in the UK

After three years of decline, the UK self-propelled boring machinery market increased by 22% to $X in 2022. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Self-Propelled Boring Machinery Production in the UK

In value terms, self-propelled boring machinery production contracted slightly to $X in 2022 estimated in export price. Overall, production faced a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 8.9%. Self-propelled boring machinery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Self-Propelled Boring Machinery Exports

Exports from the UK

In 2022, approx. X units of self-propelled boring or sinking machinery were exported from the UK; picking up by 44% compared with 2021. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 164%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, self-propelled boring machinery exports surged to $X in 2022. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 107% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Saudi Arabia (X units), the Netherlands (X units) and Ireland (X units) were the main destinations of self-propelled boring machinery exports from the UK, with a combined 56% share of total exports. Germany, Switzerland, the United States, Poland and Sweden lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +287.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled boring machinery exported from the UK were Saudi Arabia ($X), the Netherlands ($X) and Ireland ($X), together comprising 58% of total exports. Germany, Switzerland, the United States, Poland and Sweden lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Switzerland, with a CAGR of +911.8%, recorded 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, rising by 4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and Switzerland ($X per unit), while the average price for exports to Poland ($X per unit) and the United States ($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 Switzerland (+161.2%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into the UK

Self-propelled boring machinery imports into the UK skyrocketed to X units in 2022, increasing by 148% against the previous year. In general, imports enjoyed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled boring machinery imports skyrocketed to $X in 2022. Overall, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of self-propelled boring machinery imports to the UK, with a combined 72% 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 the Netherlands (with a CAGR of +75.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the Netherlands ($X) were the largest self-propelled boring machinery suppliers to the UK, together comprising 74% of total imports. Spain, Austria, Sweden and the United States lagged somewhat behind, together comprising a further 20%.

Austria, with a CAGR of +178.6%, saw the highest growth rate of the value of imports, among 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, with an increase of 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($X per unit) and Spain ($X per unit), while the price for the United States ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+106.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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