Asia-Pacific: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Asia-Pacific

In 2021, the Asia-Pacific self-propelled rock cutter market increased by 0.8% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Self-Propelled Rock Cutter Production in Asia-Pacific

In value terms, self-propelled rock cutter production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 12%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Self-Propelled Rock Cutter Exports

Exports in Asia-Pacific

In 2021, approx. X units of self-propelled coal or rock cutters and tunnelling machinery were exported in Asia-Pacific; growing by 7.9% against the year before. Over the period under review, exports, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2016 when exports increased by 38%. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled rock cutter exports fell to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 37% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from China (X units), India (X units) and Japan (X units), together amounting to 92% of total export. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +35.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest self-propelled rock cutter supplier in Asia-Pacific, comprising 86% of total exports. The second position in the ranking was taken by Japan ($X), with a 6.1% share of total exports. It was followed by Singapore, with a 3% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +3.4%. In the other countries, the average annual rates were as follows: Japan (-16.6% per year) and Singapore (+20.7% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, shrinking by -12.1% against the previous year. Over the period under review, the export price, however, saw a tangible increase. The growth pace was the most rapid in 2015 an increase of 64% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.5%), while the other leaders experienced a decline in the export price figures.

Self-Propelled Rock Cutter Imports

Imports in Asia-Pacific

In 2021, the amount of self-propelled coal or rock cutters and tunnelling machinery imported in Asia-Pacific skyrocketed to X units, growing by 52% compared with 2020. Total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +106.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled rock cutter imports contracted rapidly to $X in 2021. In general, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by 49% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Bangladesh dominates imports structure, finishing at X units, which was near 50% of total imports in 2021. It was distantly followed by South Korea (X units), Vietnam (X units), Indonesia (X units) and Malaysia (X units), together achieving a 29% share of total imports. New Zealand (X units), the Philippines (X units), Taiwan (Chinese) (X units), Singapore (X units), Japan (X units) and India (X units) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the self-propelled coal or rock cutters and tunnelling machinery imports, with a CAGR of +54.4% from 2012 to 2021. At the same time, Taiwan (Chinese) (+36.7%), Japan (+25.2%), Vietnam (+22.9%), South Korea (+22.1%), New Zealand (+4.9%) and the Philippines (+4.8%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. By contrast, India (-2.2%), Singapore (-5.1%) and Indonesia (-13.9%) illustrated a downward trend over the same period. Bangladesh (+49 p.p.), South Korea (+7 p.p.), Vietnam (+6.7 p.p.), Taiwan (Chinese) (+2.9 p.p.) and Japan (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Singapore and Indonesia saw its share reduced by -2.6%, -3.4% and -26.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Malaysia ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, with a combined 49% share of total imports. These countries were followed by the Philippines, Taiwan (Chinese), Bangladesh, Vietnam, Japan, Indonesia, Singapore and New Zealand, which together accounted for a further 22%.

Bangladesh, with a CAGR of +38.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, waning by -44.8% against the previous year. Over the period under review, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the import price increased by 42% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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