Report Update Nov 1, 2024

Ethiopia - Coal or Rock Cutters and Tunnelling Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Ethiopia: Rock Cutter Market 2024

Rock Cutter Market Size in Ethiopia

In 2022, the Ethiopian rock cutter market decreased by 0% to less than $X, falling for the third year in a row after two years of decline. Over the period under review, consumption, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with a decrease of -24.7% against the previous year. Rock cutter consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Rock Cutter Production in Ethiopia

In value terms, rock cutter production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by 42%. Rock cutter production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Rock Cutter Exports

Exports from Ethiopia

In 2020, after two years of decline, there was significant decline in shipments abroad of coal or rock cutters and tunnelling machinery, when their volume decreased by -61.3% to X units. In general, exports, however, showed a significant increase. Over the period under review, the exports hit record highs at X units in 2019, and then declined notably in the following year.

In value terms, rock cutter exports dropped dramatically to $X in 2020. Overall, exports, however, saw significant growth. Over the period under review, the exports hit record highs at $X in 2019, and then declined markedly in the following year.

Exports by Country

Djibouti (X units) was the main destination for rock cutter exports from Ethiopia, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Djibouti amounted to -17.2%.

In value terms, Djibouti ($X) emerged as the key foreign market for coal or rock cutters and tunnelling machinery exports from Ethiopia.

From 2012 to 2020, the average annual growth rate of value to Djibouti stood at -14.7%.

Export Prices by Country

In 2020, the average rock cutter export price amounted to $X per unit, reducing by -14.4% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2020, the export prices stood at a somewhat lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Djibouti amounted to +3.1% per year.

Rock Cutter Imports

Imports into Ethiopia

In 2022, after five years of decline, there was significant growth in purchases abroad of coal or rock cutters and tunnelling machinery, when their volume increased by 25% to X units. In general, imports, however, faced a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 300%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, rock cutter imports skyrocketed to $X in 2022. Overall, imports, however, faced a sharp downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 277%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of rock cutter to Ethiopia, with a 44% share of total imports. Moreover, rock cutter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. The third position in this ranking was held by the United Arab Emirates (X units), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.6% per year) and the United Arab Emirates (0.0% per year).

In value terms, the largest rock cutter suppliers to Ethiopia were the Netherlands ($X), South Korea ($X) and Italy ($X), together accounting for 75% of total imports.

The Netherlands, with a CAGR of +27.7%, recorded the highest growth rate of 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 2022, the average rock cutter import price amounted to $X per unit, growing by 11% against the previous year. In general, the import price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

This report provides an in-depth analysis of the rock cutter market in Ethiopia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28921235 - Coal or rock cutters and tunnelling machinery (excluding selfpropelled)

Country coverage:

Ethiopia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ethiopia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023