Asia: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Asia

The Asian self-propelled boring machinery market declined to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a pronounced downturn. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Self-Propelled Boring Machinery Production in Asia

In value terms, self-propelled boring machinery production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Self-Propelled Boring Machinery Exports

Exports in Asia

Self-propelled boring machinery exports skyrocketed to X units in 2022, with an increase of X% on 2021 figures. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, self-propelled boring machinery exports soared to $X in 2022. Overall, exports, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, amounting to X units, which was near X% of total exports in 2022. The following exporters - Singapore (X units), Turkey (X units), Japan (X units), India (X units), South Korea (X units) and the United Arab Emirates (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%), South Korea (X%), the United Arab Emirates (X%) and India (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Turkey and Singapore increased by X, X and X percentage points, respectively.

In value terms, China ($X) remains the largest self-propelled boring machinery supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In China, self-propelled boring machinery exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, approximately reflecting the previous year. Overall, the export price, however, recorded a deep reduction. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Self-Propelled Boring Machinery Imports

Imports in Asia

In 2022, supplies from abroad of self-propelled boring or sinking machinery was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, self-propelled boring machinery imports totaled $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X units) and India (X units) represented the major importers of self-propelled boring or sinking machinery in 2022, reaching near X% and X% of total imports, respectively. Turkey (X units) held the next position in the ranking, followed by Indonesia (X units) and South Korea (X units). All these countries together held near X% share of total imports. Vietnam (X units), Kazakhstan (X units), Thailand (X units), Kuwait (X units), Singapore (X units), the United Arab Emirates (X units), Uzbekistan (X units) and Israel (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported self-propelled boring or sinking machinery in Asia, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India was relatively modest. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform