Eastern Europe: Boring Machinery Market 2024

Boring Machinery Market Size in Eastern Europe

The East European boring machinery market amounted to $X.3B in 2022, remaining constant against the previous year. In general, consumption saw a buoyant expansion. Over the period under review, the market hit record highs at $X.6B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Boring Machinery Production in Eastern Europe

In value terms, boring machinery production amounted to $X.5B in 2022 estimated in export price. In general, production continues to indicate a strong increase. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X.7B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Boring Machinery Exports

Exports in Eastern Europe

In 2022, exports of boring or sinking machinery in Eastern Europe reduced notably to X units, which is down by X% compared with 2021 figures. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, boring machinery exports shrank notably to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X units) represented the main exporter of boring or sinking machinery, mixing up X% of total exports. Romania (X units) ranks second in terms of the total exports with a X% share, followed by Poland (X%). The following exporters - the Czech Republic (X units), Belarus (X units), Estonia (X units) and Lithuania (X units) - together made up X% of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Czech Republic (X%), Lithuania (X%) and Romania (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%), Poland (X%) and Estonia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Romania, the Czech Republic and Lithuania increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) emerged as the largest boring machinery supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

In Poland, boring machinery exports decreased 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: Russia (X% per year) and Romania (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, waning by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then fell notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Boring Machinery Imports

Imports in Eastern Europe

In 2022, supplies from abroad of boring or sinking machinery was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, boring machinery imports soared to $X in 2022. Overall, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the key importing country with an import of around X units, which reached X% of total imports. Belarus (X units) took the second position in the ranking, distantly followed by Romania (X units). All these countries together held approx. X% share of total imports. Moldova (X units), Poland (X units), the Czech Republic (X units), Bulgaria (X units), Hungary (X units) and Lithuania (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to boring machinery imports into Russia stood at X%. At the same time, Belarus (X%), Hungary (X%), Lithuania (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Bulgaria (X%), Romania (X%), Moldova (X%) and Poland (X%) illustrated a downward trend over the same period. While the share of Belarus (X p.p.), Russia (X p.p.), the Czech Republic (X p.p.), Hungary (X p.p.) and Lithuania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Moldova (X p.p.) and Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported boring or sinking machinery in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

In Russia, boring machinery imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the 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 the Czech Republic ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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