China: Rock Cutter Market 2024

Rock Cutter Market Size in China

In 2022, the Chinese rock cutter market was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a abrupt decrease. Rock cutter consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Rock Cutter Production in China

In value terms, rock cutter production rose slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a measured expansion. The most prominent rate of growth was recorded in 2019 with an increase of 14% against the previous year. Rock cutter production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Rock Cutter Exports

Exports from China

In 2022, the amount of coal or rock cutters and tunnelling machinery exported from China soared to X units, jumping by 20% against 2021. In general, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 167% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, rock cutter exports soared to $X in 2022. Overall, exports showed a modest increase. The most prominent rate of growth was recorded in 2018 with an increase of 104% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Yemen (X units), Chile (X units) and Russia (X units) were the main destinations of rock cutter exports from China, with a combined 31% share of total exports. Vietnam, Indonesia, Mexico, Bangladesh, Serbia, Thailand, Guinea, the Philippines, Tanzania and Egypt lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +47.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Russia ($X) and Yemen ($X) constituted the largest markets for rock cutter exported from China worldwide, with a combined 27% share of total exports. Chile, Indonesia, Vietnam, Tanzania, Thailand, Serbia, the Philippines, Guinea, Mexico and Egypt lagged somewhat behind, together comprising a further 26%.

In terms of the main countries of destination, Serbia, with a CAGR of +89.5%, saw 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

The average rock cutter export price stood at $X per unit in 2022, waning by -1.6% against the previous year. Over the period under review, the export price showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 49%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+32.8%), while the prices for the other major destinations experienced mixed trend patterns.

Rock Cutter Imports

Imports into China

After three years of decline, purchases abroad of coal or rock cutters and tunnelling machinery increased by 216% to X units in 2022. Over the period under review, imports, however, showed a deep downturn. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, rock cutter imports surged to $X in 2022. In general, imports, however, recorded a deep setback. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), France (X units) and Finland (X units) were the main suppliers of rock cutter imports to China, with a combined 91% share of total imports. Mexico lagged somewhat behind, comprising a further 5.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +132.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of coal or rock cutters and tunnelling machinery to China, comprising 69% of total imports. The second position in the ranking was held by France ($X), with a 25% share of total imports. It was followed by Mexico, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+41.0% per year) and Mexico (+57.1% per year).

Import Prices by Country

In 2022, the average rock cutter import price amounted to $X per unit, with a decrease of -14% against the previous year. In general, the import price, however, showed buoyant growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 118% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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