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U.S. - Boring Or Sinking Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBoring Machinery Price in the United States - 2023
Contents:
- Boring Machinery Price in the United States (FOB) - 2022
- Boring Machinery Price in the United States (CIF) - 2022
- Boring Machinery Exports in the United States
- Boring Machinery Imports in the United States
Boring Machinery Price in the United States (FOB) - 2022
In 2022, the average boring machinery export price amounted to $985,798 per unit, surging by 50% against the previous year. Overall, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 63%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($8,008,326 per unit), while the average price for exports to Cameroon ($42,979 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 Australia (+41.9%), while the prices for the other major destinations experienced more modest paces of growth.
Boring Machinery Price in the United States (CIF) - 2022
The average boring machinery import price stood at $68,760 per unit in 2022, with a decrease of -45% against the previous year. In general, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 74%. As a result, import price attained the peak level of $135,416 per unit. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($329,324 per unit), while the price for Trinidad and Tobago ($311 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Boring Machinery Exports in the United States
In 2022, after two years of decline, there was significant growth in shipments abroad of boring or sinking machinery, when their volume increased by 6.7% to 190 units. Overall, exports, however, recorded a dramatic decline. Over the period under review, the exports attained the peak figure at 3K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, boring machinery exports soared to $187M in 2022. In general, exports, however, showed a sharp reduction. The exports peaked at $1.1B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Boring Machinery in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 0.7 | 7.6 | 1.3 | 83.0 | 391.3% |
Canada | 39.6 | 29.6 | 48.5 | 29.5 | -9.3% |
Mexico | 84.6 | 11.0 | 4.0 | 12.0 | -47.8% |
Guyana | 2.9 | 1.9 | 7.0 | 8.6 | 43.7% |
Saudi Arabia | 0.2 | 0.8 | 4.2 | 6.8 | 224.0% |
France | 3.8 | 0.1 | 0.5 | 4.8 | 8.1% |
Turkey | N/A | N/A | N/A | 2.8 | 0% |
Kenya | N/A | N/A | N/A | 2.6 | 0% |
Japan | 1.7 | 0.1 | 0.5 | 1.6 | -2.0% |
Indonesia | 0.1 | 0.1 | N/A | 0.4 | 58.7% |
Cameroon | 0.2 | N/A | N/A | 0.2 | 0.0% |
Somalia | N/A | 0.4 | N/A | N/A | 0% |
Israel | 760 | 0.2 | 0.2 | N/A | -98.4% |
Others | 216 | 38.3 | 50.7 | 34.9 | -45.5% |
Total | 1,110 | 90.1 | 117 | 187 | -44.8% |
Top Export Markets for Boring Machinery from the United States in 2022:
- Canada (56.0 units)
- Guyana (26.0 units)
- United Arab Emirates (17.0 units)
- Turkey (15.0 units)
- France (6.0 units)
- Kenya (6.0 units)
- Saudi Arabia (5.0 units)
- Mexico (5.0 units)
- Indonesia (5.0 units)
- Cameroon (5.0 units)
- Japan (4.0 units)
Boring Machinery Imports in the United States
In 2022, boring machinery imports into the United States soared to 1.6K units, picking up by 162% against 2021 figures. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, boring machinery imports skyrocketed to $111M in 2022. In general, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +2.4% 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 +79.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Boring Machinery in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 48.4 | 17.9 | 12.2 | 29.5 | -15.2% |
Japan | 13.1 | 7.2 | 12.8 | 17.6 | 10.3% |
United Kingdom | 9.7 | 5.4 | 13.7 | 12.9 | 10.0% |
China | 9.3 | 5.1 | 14.1 | 12.8 | 11.2% |
Italy | 4.6 | 8.0 | 2.8 | 9.7 | 28.2% |
Germany | 6.4 | 4.9 | 3.6 | 6.3 | -0.5% |
Thailand | N/A | N/A | N/A | 5.7 | 0% |
Switzerland | 0.5 | 1.4 | 1.1 | 4.2 | 103.3% |
Sweden | 1.0 | 0.2 | 3.0 | 2.4 | 33.9% |
Trinidad and Tobago | N/A | N/A | N/A | 0.1 | 0% |
Chile | N/A | 0.8 | N/A | N/A | 0% |
Others | 10.4 | 10.9 | 13.8 | 10.2 | -0.6% |
Total | 104 | 61.8 | 77.2 | 111 | 2.2% |
Top Suppliers of Boring Machinery to the United States in 2022:
- Trinidad and Tobago (428.0 units)
- Canada (371.0 units)
- Thailand (244.0 units)
- Japan (228.0 units)
- Germany (70.0 units)
- Switzerland (57.0 units)
- United Kingdom (40.0 units)
- China (39.0 units)
- Italy (30.0 units)
- Sweden (26.0 units)
This report provides an in-depth analysis of the boring machinery market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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