Europe: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Europe

The Europe self-propelled rock cutter market expanded to $X in 2021, surging by 2.7% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.7% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Self-Propelled Rock Cutter Production in Europe

In value terms, self-propelled rock cutter production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 29%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Self-Propelled Rock Cutter Exports

Exports in Europe

In 2021, shipments abroad of self-propelled coal or rock cutters and tunnelling machinery increased by 23% to X units, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a noticeable curtailment. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled rock cutter exports soared to $X in 2021. Over the period under review, exports, however, recorded a drastic downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Finland (X units), distantly followed by Sweden (X units), Austria (X units), France (X units) and Germany (X units) were the key exporters of self-propelled coal or rock cutters and tunnelling machinery, together comprising 84% of total exports. Italy (X units) and Belgium (X units) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by France (with a CAGR of +22.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled rock cutter supplying countries in Europe were Finland ($X), Sweden ($X) and Austria ($X), together comprising 81% of total exports. Germany, France, Belgium and Italy lagged somewhat behind, together comprising a further 14%.

France, with a CAGR of +8.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, dropping by -5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the other leaders experienced more modest paces of growth.

Self-Propelled Rock Cutter Imports

Imports in Europe

In 2021, the amount of self-propelled coal or rock cutters and tunnelling machinery imported in Europe shrank remarkably to X units, dropping by -31.1% on the previous year. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 76% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled rock cutter imports dropped to $X in 2021. Over the period under review, imports showed a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 49%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, France (X units), the Netherlands (X units), Belgium (X units), the UK (X units), Spain (X units), the Czech Republic (X units), Poland (X units), Sweden (X units), Ireland (X units), Slovenia (X units), Estonia (X units) and Italy (X units) represented the key importer of self-propelled coal or rock cutters and tunnelling machinery in Europe, achieving 77% of total import. Serbia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +71.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Poland ($X) were the countries with the highest levels of imports in 2021, together accounting for 19% of total imports. The UK, Spain, Sweden, Belgium, Italy, Serbia, Slovenia, Estonia, the Czech Republic and Ireland lagged somewhat behind, together comprising a further 36%.

Among the main importing countries, Estonia, with a CAGR of +45.4%, recorded the highest growth rate of the value of imports, 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 Europe stood at $X per unit in 2021, rising by 35% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 40% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Serbia ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+41.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform