Report Update: Apr 1, 2024

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

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Boring Machinery Price in Germany - 2023

Boring Machinery Price in Germany (FOB) - 2022

The average boring machinery export price stood at $98,434 per unit in 2022, with an increase of 2.9% against the previous year. In general, the export price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs at $151,967 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($224,738 per unit), while the average price for exports to Bosnia and Herzegovina ($32,022 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 the United States (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Boring Machinery Price in Germany (CIF) - 2022

The average boring machinery import price stood at $77,030 per unit in 2022, with an increase of 45% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. Over the period under review, average import prices attained the maximum at $114,183 per unit in 2012; however, from 2013 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 Canada ($277,830 per unit), while the price for China ($43,586 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Boring Machinery Exports in Germany

In 2022, overseas shipments of boring or sinking machinery decreased by -45.2% to 419 units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 39% against the previous year. As a result, the exports reached the peak of 828 units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, boring machinery exports fell rapidly to $41M in 2022. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 44%. As a result, the exports attained the peak of $106M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Boring Machinery in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	9.5	3.9	5.0	7.9	-6.0%
Hong Kong SAR	8.4	8.4	6.1	5.9	-11.1%
India	N/A	1.7	1.5	3.1	35.0%
United Arab Emirates	1.9	3.5	2.4	2.3	6.6%
Austria	2.3	1.6	1.8	2.3	0.0%
Denmark	0.4	0.4	0.3	1.9	68.1%
Taiwan (Chinese)	0.5	N/A	N/A	1.8	53.3%
Canada	2.8	0.1	1.3	1.7	-15.3%
Switzerland	1.5	0.9	2.5	1.5	0.0%
Lithuania	N/A	N/A	0.1	1.2	1100.0%
Australia	0.7	N/A	7.1	0.9	8.7%
Netherlands	1.6	20.9	16.4	0.5	-32.1%
Bosnia and Herzegovina	N/A	N/A	N/A	0.4	0%
Others	44.3	65.0	28.7	9.7	-39.7%
Total	74.0	106	73.1	41.2	-17.7%

Top Export Markets for Boring Machinery from Germany in 2022:

Hong Kong SAR (95.0 units)
United States (52.0 units)
Taiwan (Chinese) (48.0 units)
Canada (29.0 units)
United Arab Emirates (19.0 units)
Austria (19.0 units)
Switzerland (16.0 units)
Denmark (15.0 units)
India (14.0 units)
Bosnia and Herzegovina (13.0 units)
Lithuania (12.0 units)
Netherlands (8.0 units)
Australia (8.0 units)

Boring Machinery Imports in Germany

In 2022, boring machinery imports into Germany fell significantly to 103 units, waning by -84.5% against the previous year. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of 680% against the previous year. As a result, imports reached the peak of 663 units, and then shrank sharply in the following year.

In value terms, boring machinery imports reduced rapidly to $7.9M in 2022. Overall, imports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 488%. As a result, imports reached the peak of $35M, and then dropped sharply in the following year.

Import of Boring Machinery in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	3.0	1.4	1.7	2.5	-5.9%
United States	0.2	0.3	5.3	1.4	91.3%
China	1.2	1.1	2.4	1.3	2.7%
United Arab Emirates	0.1	N/A	0.6	0.5	71.0%
Canada	0.1	N/A	N/A	0.4	58.7%
Switzerland	1.6	1.7	2.1	0.4	-37.0%
Others	2.5	1.4	23.1	1.4	-17.6%
Total	8.7	6.0	35.3	7.9	-3.2%

Top Suppliers of Boring Machinery to Germany in 2022:

Austria (36.0 units)
China (29.0 units)
United States (16.0 units)
United Arab Emirates (8.0 units)
Switzerland (4.0 units)
Canada (2.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the boring machinery market in Germany. 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:

Germany

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Germany
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