Which Country Imports the Most Mining Machinery in the World?

Machinery For Mining, Quarrying And Construction May 28, 2018
Author: Anna Sergeeva
Market Analyst

Which Country Imports the Most Mining Machinery in the World?

IndexBox has just published a new report "World: Mining Machinery - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global mining machinery imports stood at 8.2M tonnes in 2016, moving up by 101% against the previous year figure. In general, mining machinery imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016, when imports increased by 101% from the previous year level. In that year, global mining machinery imports attained its maximum volume, and are likely to continue its growth in the immediate term.

In value terms, mining machinery imports amounted to $16B in 2016. In general, mining machinery imports continue to indicate a relatively flat trend pattern. In that year, global mining machinery imports attained its maximum level of $21B. From 2009 to 2016, growth of global mining machinery imports stood at a somewhat lower level.

Top Mining Machinery Importing Countries in the World

1. USA (1,310.9 million USD)

2. Iran (747.3 million USD)

3. Indonesia (551.8 million USD)

4. Germany (481.3 million USD)

5. China (405.5 million USD)

6. United Kingdom (396.1 million USD)

7. Italy (136.4 million USD)

8. Mozambique (76.8 million USD)

Mining Machinery Imports By Country

Mozambique (4.1M tonnes) dominates in mining machinery imports structure, accounting for 4.1M tonnes, which was near 51% of total imports in 2016. It was distantly followed by China (510K tonnes), mixed up 6% share of total mining machinery imports. The following importers - Germany (321K tonnes), Italy (230K tonnes), the UK (228K tonnes), the U.S. (180K tonnes), Iran (137K tonnes), and Indonesia (134K tonnes) together made up 15% of total imports.

Mozambique was also the fastest growing in terms of the mining machinery imports, with a CAGR of +216.5% from 2007 to 2016. At the same time, Iran (+21.0%), and Indonesia (+17.1%) displayed positive paces of growth. Italy, the UK, China, and Germany experienced a relatively flat trend pattern. By contrast, the U.S. (-1.2%) illustrated a downward trend over the same period. From 2007 to 2016, the share of Mozambique decreased by -50.6% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mining machinery markets worldwide were the U.S. ($1.3B), Iran ($747M) and Indonesia ($552M), with a combined 16% share of global imports. These countries were followed by Germany, China, the UK, Italy and Mozambique, which together accounted for a further 9%.

Mozambique (+26.3% per year) had the highest growth rate of mining machinery imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Mining Machinery Import Prices By Country

The average mining machinery import price stood at $1,962 per tonne in 2016, shrinking by -52.6% against the previous year. Overall, mining machinery import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2008, when it surged by 11% against the previous year level. In that year, average mining machinery import price reached its maximum level of $4,877 per tonne. From 2009 to 2016, growth of average mining machinery import price failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($7,292 per tonne), while Mozambique ($19 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of mining machinery import prices was attained by the U.S. (+1.1% per year), while the other global leaders experienced a decline in the import price figures.

Do you want to know more about global mining machinery market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • mining machinery market share
  • mining machinery prices
  • mining machinery industry
  • mining machinery sales
  • mining machinery import
  • mining machinery export
  • mining machinery market forecast
  • mining machinery price forecast
  • key mining machinery producers

All data provided in this article covers the following product: HS Code 8474 - Machinery for sorting, screening, separating, washing, crushing, grinding, mixing or kneading earth, stone, ores in solid form, shaping, moulding machinery for solid mineral fuels.

Source: World: Mining Machinery - Market Report. Analysis and Forecast to 2025