Report Update: May 1, 2024

Austria - Boring Or Sinking Machinery - Market Analysis, Forecast, Size, Trends And Insights

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Boring Machinery Price in Austria - 2023

Boring Machinery Price in Austria (CIF) - 2022

In 2022, the average boring machinery import price amounted to $51,044 per unit, dropping by -8.8% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, boring machinery import price decreased by -41.9% against 2018 indices. The growth pace was the most rapid in 2017 when the average import price increased by 57% against the previous year. Over the period under review, average import prices reached the maximum at $87,924 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($217,078 per unit), while the price for Switzerland ($32,388 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Boring Machinery Price in Austria (FOB) - 2022

The average boring machinery export price stood at $41,249 per unit in 2022, falling by -50% against the previous year. Over the period under review, the export price saw a abrupt descent. The growth pace was the most rapid in 2014 an increase of 56% against the previous year. Over the period under review, the average export prices hit record highs at $87,802 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($65,891 per unit), while the average price for exports to Germany ($24,910 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 Croatia (+6.3%), while the prices for the other major destinations experienced a decline.

Boring Machinery Imports in Austria

Boring machinery imports into Austria skyrocketed to 73 units in 2022, increasing by 38% on the year before. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 83% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, boring machinery imports soared to $3.7M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 52% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Import of Boring Machinery in Austria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	203	738	571	1,587	98.5%
Germany	953	1,947	848	774	-6.7%
China	379	442	1,124	584	15.5%
United States	87.9	4.5	3.8	385	63.6%
Sweden	298	115	72.3	241	-6.8%
Others	324	154	361	145	-23.5%
Total	2,245	3,401	2,980	3,716	18.3%

Top Suppliers of Boring Machinery to Austria in 2022:

Switzerland (49.0 units)
China (14.0 units)
Germany (5.0 units)
United States (2.0 units)
Sweden (2.0 units)

Boring Machinery Exports in Austria

In 2022, overseas shipments of boring or sinking machinery were finally on the rise to reach 57 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a deep reduction. The exports peaked at 96 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, boring machinery exports contracted dramatically to $2.3M in 2022. In general, exports, however, continue to indicate a sharp reduction. The smallest decline of -4% was in 2021. Over the period under review, the exports reached the peak figure at $5.5M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Boring Machinery in Austria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	161	699	676	1,396	105.4%
Norway	11.2	N/A	N/A	215	167.8%
United Kingdom	1.6	3.1	4.3	176	379.1%
Italy	0.1	0.8	4.7	110	932.3%
Croatia	55.6	51.0	59.5	91.7	18.1%
Germany	3,702	861	261	85.5	-71.5%
Hungary	15.3	32.1	35.7	45.0	43.3%
China	28.6	43.9	1,092	N/A	517.9%
Netherlands	476	2.5	1.9	N/A	-93.7%
Others	1,023	1,212	654	217	-40.4%
Total	5,474	2,906	2,789	2,337	-24.7%

Top Export Markets for Boring Machinery from Austria in 2022:

Switzerland (36.0 units)
United Kingdom (5.0 units)
Italy (4.0 units)
Norway (4.0 units)
Germany (3.0 units)
Hungary (1.0 units)
Croatia (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the boring machinery market in Austria. 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 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)

Country coverage:

Austria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Austria
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023