Australia: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Australia

In 2021, the Australian self-propelled rock cutter market was finally on the rise to reach $X after two years of decline. Overall, consumption posted a prominent increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Self-Propelled Rock Cutter Production in Australia

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

Self-Propelled Rock Cutter Exports

Exports from Australia

In 2021, self-propelled rock cutter exports from Australia fell markedly to X units, which is down by -31.1% on the previous year. Overall, exports faced a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 297%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, self-propelled rock cutter exports contracted significantly to $X in 2021. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 314% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for self-propelled rock cutter exports from Australia, with a 77% share of total exports. Moreover, self-propelled rock cutter exports to New Zealand exceeded the volume sent to the second major destination, South Africa (X units), sixfold. The third position in this ranking was held by Brazil (X units), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand amounted to -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+19.5% per year) and Brazil (-81.5% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for self-propelled coal or rock cutters and tunnelling machinery exports from Australia, comprising 82% of total exports. The second position in the ranking was held by South Africa ($X), with a 17% share of total exports. It was followed by Papua New Guinea, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-13.8% per year) and Papua New Guinea (-34.1% per year).

Export Prices by Country

In 2021, the average self-propelled rock cutter export price amounted to $X per unit, falling by -30.2% against the previous year. Over the period under review, the export price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2018 an increase of 54%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was South Africa ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+139.5%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Rock Cutter Imports

Imports into Australia

In 2021, approx. X units of self-propelled coal or rock cutters and tunnelling machinery were imported into Australia; waning by -55.9% on 2020. Overall, imports faced a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by 320%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled rock cutter imports contracted dramatically to $X in 2021. In general, imports faced a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 329% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Austria (X units), Germany (X units) and China (X units) were the main suppliers of self-propelled rock cutter imports to Australia, together accounting for 60% of total imports. The United States, India, New Zealand, Sweden and Kuwait lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of self-propelled coal or rock cutters and tunnelling machinery to Australia, comprising 54% of total imports. The second position in the ranking was held by Austria ($X), with a 26% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +42.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-11.3% per year) and Germany (-25.2% per year).

Import Prices by Country

In 2021, the average self-propelled rock cutter import price amounted to $X per unit, standing approx. at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 101%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+38.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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