Eastern Europe: Rock Cutter Market 2024

Rock Cutter Market Size in Eastern Europe

The East European rock cutter market rose modestly to $X in 2022, growing by 2.7% against the previous year. Overall, consumption continues to indicate a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Rock Cutter Production in Eastern Europe

In value terms, rock cutter production expanded significantly to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 113% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Rock Cutter Exports

Exports in Eastern Europe

In 2022, shipments abroad of coal or rock cutters and tunnelling machinery decreased by -24% to X units for the first time since 2019, thus ending a two-year rising trend. Total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 56%. Over the period under review, the exports reached the maximum at X units in 2021, and then declined markedly in the following year.

In value terms, rock cutter exports soared to $X in 2022. In general, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 52%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Slovakia (X units), distantly followed by Poland (X units), Romania (X units), the Czech Republic (X units) and Russia (X units) represented the key exporters of coal or rock cutters and tunnelling machinery, together constituting 90% of total exports. Lithuania (X units) and Bulgaria (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +29.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest rock cutter supplier in Eastern Europe, comprising 60% of total exports. The second position in the ranking was taken by Russia ($X), with a 15% share of total exports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to +2.0%. In the other countries, the average annual rates were as follows: Russia (+2.9% per year) and the Czech Republic (-10.3% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, growing by 82% against the previous year. Overall, the export price, however, recorded a drastic downturn. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+26.2%), while the other leaders experienced more modest paces of growth.

Rock Cutter Imports

Imports in Eastern Europe

In 2022, approx. X units of coal or rock cutters and tunnelling machinery were imported in Eastern Europe; declining by -10.7% against the previous year's figure. Over the period under review, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2015 when imports increased by 80%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, rock cutter imports fell modestly to $X in 2022. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 49%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units) was the largest importer of coal or rock cutters and tunnelling machinery, making up 45% of total imports. It was distantly followed by Belarus (X units), Bulgaria (X units) and Romania (X units), together comprising a 45% share of total imports. The following importers - Lithuania (X units), Slovakia (X units) and the Czech Republic (X units) - together made up 6.4% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bulgaria (with a CAGR of +47.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Poland ($X) and Bulgaria ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 91% of total imports.

Bulgaria, with a CAGR of +68.2%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in Eastern Europe stood at $X per unit in 2022, growing by 10% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 43% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+13.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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