Australia and Oceania: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Australia and Oceania

In 2021, after two years of decline, there was significant growth in the self-propelled rock cutter market in Australia and Oceania, when its value increased by 7.7% to $X. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Rock Cutter Production in Australia and Oceania

In value terms, self-propelled rock cutter production contracted to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Self-Propelled Rock Cutter Exports

Exports in Australia and Oceania

In 2021, self-propelled rock cutter exports in Australia and Oceania contracted dramatically to X units, waning by -38.5% on 2020 figures. In general, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 288% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, self-propelled rock cutter exports reduced rapidly to $X in 2021. Over the period under review, exports faced a deep slump. The pace of growth was the most pronounced in 2016 when exports increased by 318% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Australia (X units) represented the major exporter of self-propelled coal or rock cutters and tunnelling machinery in Australia and Oceania, comprising 99% of total export.

Australia was also the fastest-growing in terms of the self-propelled coal or rock cutters and tunnelling machinery exports, with a CAGR of -23.5% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest self-propelled rock cutter supplier in Australia and Oceania.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -19.0%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, dropping by -34.9% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2019 an increase of 90% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +6.0% per year.

Self-Propelled Rock Cutter Imports

Imports in Australia and Oceania

In 2021, self-propelled rock cutter imports in Australia and Oceania skyrocketed to X units, picking up by 99% compared with 2020. Over the period under review, imports, however, continue to indicate a abrupt descent. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, self-propelled rock cutter imports contracted remarkably to $X in 2021. In general, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 299% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

New Zealand dominates imports structure, reaching X units, which was approx. 87% of total imports in 2021. It was distantly followed by Tonga (X units), achieving a 7.3% share of total imports. Australia (X units) followed a long way behind the leaders.

Imports into New Zealand increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, Tonga (+64.1%) displayed positive paces of growth. Moreover, Tonga emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +64.1% from 2012-2021. By contrast, Australia (-14.3%) illustrated a downward trend over the same period. New Zealand (+61 p.p.) and Tonga (+7.3 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -2.9% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported self-propelled coal or rock cutters and tunnelling machinery in Australia and Oceania, comprising 94% of total imports. The second position in the ranking was held by New Zealand ($X), with a 5.3% share of total imports.

In Australia, self-propelled rock cutter imports shrank by an average annual rate of -14.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-7.8% per year) and Tonga (+45.7% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, declining by -76.3% against the previous year. In general, the import price recorded a abrupt slump. The growth pace was the most rapid in 2014 an increase of 473%. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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