Report China - Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 17, 2022

China - Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights
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China: Boring Machinery Market 2022

Boring Machinery Market Size in China

For the third consecutive year, the Chinese boring machinery market recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption showed a prominent expansion. Boring machinery consumption peaked in 2021 and is likely to continue growth in the near future.

Boring Machinery Production in China

In value terms, boring machinery production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Boring Machinery Exports

Exports from China

In 2021, approx. X units of boring or sinking machinery were exported from China; which is down by -X% against the previous year. Over the period under review, exports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, boring machinery exports reduced rapidly to $X in 2021. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X units), Iraq (X units) and Vietnam (X units) were the main destinations of boring machinery exports from China, together accounting for X% of total exports. These countries were followed by Colombia, Germany, Kuwait, the United States, Australia, Oman and Hong Kong SAR, which together accounted for a further X 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), the United States ($X) and Iraq ($X) constituted the largest markets for boring machinery exported from China worldwide, with a combined X% share of total exports. These countries were followed by Kuwait, Colombia, Oman, Vietnam, Australia, Hong Kong SAR and Germany, which together accounted for a further X Kong SAR, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average boring machinery export price stood at $X per unit in 2021, declining by -X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then declined slightly in the following year.

Prices varied noticeably countrydestination: the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Boring Machinery Imports

Imports into China

In 2021, the amount of boring or sinking machinery imported into China declined sharply to X units, with a decrease of -X% on 2020. Over the period under review, imports showed a dramatic curtailment. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, boring machinery imports declined rapidly to $X in 2021. In general, imports showed a dramatic decline. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X units), Taiwan (Chinese) (X units) and Sweden (X units) were the main suppliers of boring machinery imports to China, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

In value terms, Taiwan (Chinese) ($X), Germany ($X) and Japan ($X) appeared to be the largest boring machinery suppliers to China, with a combined X% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average boring machinery import price stood at $X per unit in 2021, with a decrease of -X% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price reached the peak level of $X per unit, and then dropped dramatically in the following year.

Prices varied noticeably countryorigin: the country with the highest price was Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for boring or sinking machinery in the world?
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The countries with the highest volumes of consumption in 2021 were South Korea, China and Spain, together accounting for 50% of global consumption. These countries were followed by Japan, South Africa, Germany, Italy, Romania, Norway, France, Thailand, Syrian Arab Republic and Saudi Arabia, which together accounted for a further 27%.
What are the largest producers of boring or sinking machinery in the world?
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The countries with the highest volumes of production in 2021 were South Korea, China and Spain, with a combined 50% share of global production. These countries were followed by Italy, Japan, Germany, South Africa, Romania, Thailand, the Netherlands, Norway, Saudi Arabia and Turkey, which together accounted for a further 32%.
What are the leading suppliers of boring or sinking machinery to China?
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In value terms, the largest boring machinery suppliers to China were Taiwan Chinese), Germany and Japan, together comprising 73% of total imports.
What are the leading importers of boring or sinking machinery from China?
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In value terms, the largest markets for boring machinery exported from China were Nigeria, the United States and Iraq, together comprising 42% of total exports. Kuwait, Colombia, Oman, Vietnam, Australia, Hong Kong SAR and Germany lagged somewhat behind, together comprising a further 27%.
What is the average export price for boring or sinking machinery in China?
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The average boring machinery export price stood at $10 per unit in 2021, waning by -3.5% against the previous year.
What is the average import price for boring or sinking machinery in China?
+
The average boring machinery import price stood at $8.7 per unit in 2021, dropping by -62.2% against the previous year.

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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