ASEAN: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in ASEAN

The ASEAN self-propelled rock cutter market skyrocketed to $X in 2021, rising by 35% against the previous year. In general, consumption, however, showed a abrupt descent. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Self-Propelled Rock Cutter Production in ASEAN

In value terms, self-propelled rock cutter production stood at $X in 2021 estimated in export price. In general, production posted significant growth. The growth pace was the most rapid in 2019 with an increase of 515%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Self-Propelled Rock Cutter Exports

Exports in ASEAN

Self-propelled rock cutter exports soared to X units in 2021, rising by 165% compared with 2020. Over the period under review, exports enjoyed a modest increase. The pace of growth was the most pronounced in 2014 when exports increased by 224%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, self-propelled rock cutter exports surged to $X in 2021. Overall, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore represented the largest exporter of self-propelled coal or rock cutters and tunnelling machinery in ASEAN, with the volume of exports resulting at X units, which was approx. 79% of total exports in 2021. It was distantly followed by Indonesia (X units), generating a 16% share of total exports. The following exporters - Lao People's Democratic Republic (X units) and Malaysia (X units) - each finished at a 3.9% share of total exports.

Singapore was also the fastest-growing in terms of the self-propelled coal or rock cutters and tunnelling machinery exports, with a CAGR of +24.8% from 2012 to 2021. At the same time, Malaysia (+9.9%) and Lao People's Democratic Republic (+1.5%) displayed positive paces of growth. By contrast, Indonesia (-12.5%) illustrated a downward trend over the same period. Singapore (+67 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia saw its share reduced by -43.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest self-propelled rock cutter supplier in ASEAN, comprising 90% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 2.6% share of total exports. It was followed by Indonesia, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore stood at +20.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+22.5% per year) and Indonesia (-10.7% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, jumping by 40% against the previous year. Over the period under review, the export price posted a remarkable increase. The growth pace was the most rapid in 2013 an increase of 166% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+13.0%), while the other leaders experienced mixed trends in the export price figures.

Self-Propelled Rock Cutter Imports

Imports in ASEAN

In 2021, approx. X units of self-propelled coal or rock cutters and tunnelling machinery were imported in ASEAN; picking up by 61% on the previous year's figure. In general, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 152% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, self-propelled rock cutter imports skyrocketed to $X in 2021. Overall, imports, however, showed a abrupt downturn. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of self-propelled rock cutter imports in 2021 were Vietnam (X units), Indonesia (X units) and Malaysia (X units), together resulting at 75% of total import. The Philippines (X units) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (11%).

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +22.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Malaysia ($X) constitutes the largest market for imported self-propelled coal or rock cutters and tunnelling machinery in ASEAN, comprising 54% of total imports. The second position in the ranking was held by the Philippines ($X), with a 20% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Malaysia was relatively modest. In the other countries, the average annual rates were as follows: the Philippines (+7.2% per year) and Vietnam (+20.5% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, rising by 92% against the previous year. Over the period under review, the import price, however, showed a mild decrease. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform