Belgium: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Belgium

In 2021, the Belgian self-propelled rock cutter market increased by 0.6% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a prominent increase. Self-propelled rock cutter consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Self-Propelled Rock Cutter Production in Belgium

In value terms, self-propelled rock cutter production fell slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Self-Propelled Rock Cutter Exports

Exports from Belgium

In 2021, shipments abroad of self-propelled coal or rock cutters and tunnelling machinery increased by 171% to X units, rising for the second year in a row after two years of decline. Overall, exports enjoyed a perceptible increase. The pace of growth was the most pronounced in 2020 with an increase of 771% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, self-propelled rock cutter exports surged to $X in 2021. Over the period under review, exports, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2020 with an increase of 1,932% 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

The Netherlands (X units) was the main destination for self-propelled rock cutter exports from Belgium, with a 56% share of total exports. Moreover, self-propelled rock cutter exports to the Netherlands exceeded the volume sent to the second major destination, Egypt (X units), threefold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+37.5% per year) and Hong Kong SAR (+75.9% per year).

In value terms, the largest markets for self-propelled rock cutter exported from Belgium were the Netherlands ($X), Switzerland ($X) and Hong Kong SAR ($X), with a combined 82% share of total exports.

In terms of the main countries of destination, Switzerland, with a CAGR of +189.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average self-propelled rock cutter export price amounted to $X per unit, reducing by -42.8% against the previous year. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 133% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the Netherlands ($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 Egypt (+43.1%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Rock Cutter Imports

Imports into Belgium

In 2021, the amount of self-propelled coal or rock cutters and tunnelling machinery imported into Belgium soared to X units, increasing by 198% compared with 2020 figures. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 2,578% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, self-propelled rock cutter imports surged to $X in 2021. Over the period under review, imports recorded a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 2,561%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Djibouti (X units), the United States (X units) and France (X units) were the main suppliers of self-propelled rock cutter imports to Belgium, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +14.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Switzerland ($X) and the United States ($X) constituted the largest self-propelled rock cutter suppliers to Belgium, with a combined 94% share of total imports.

The United States, with a CAGR of +3.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average self-propelled rock cutter import price amounted to $X per unit, falling by -57.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 707% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+285.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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