India: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in India

In 2021, the Indian self-propelled rock cutter market decreased by -14% to $X, falling for the fourth year in a row after four years of growth. Over the period under review, consumption recorded a mild setback. Self-propelled rock cutter consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Self-Propelled Rock Cutter Production in India

In value terms, self-propelled rock cutter production shrank to $X in 2021 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +6.7% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 31%. Self-propelled rock cutter production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Self-Propelled Rock Cutter Exports

Exports from India

Self-propelled rock cutter exports from India skyrocketed to X units in 2021, jumping by 30% against 2020 figures. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 3,228%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, self-propelled rock cutter exports surged to $X in 2021. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 2,622% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Guinea (X units), China (X units) and Belgium (X units) were the main destinations of self-propelled rock cutter exports from India, together comprising 67% of total exports.

From 2012 to 2021, the biggest increases were recorded for Guinea (with a CAGR of +106.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guinea ($X) emerged as the key foreign market for self-propelled coal or rock cutters and tunnelling machinery exports from India, comprising 32% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Ghana, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Guinea totaled +168.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+60.5% per year) and Ghana (+173.3% per year).

Export Prices by Country

The average self-propelled rock cutter export price stood at $X per unit in 2021, increasing by 27% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 an increase of 152% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to Namibia ($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 Guinea (+30.5%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Rock Cutter Imports

Imports into India

In 2021, approx. X units of self-propelled coal or rock cutters and tunnelling machinery were imported into India; picking up by 13% compared with 2020. In general, imports, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2017 when imports increased by 767% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, self-propelled rock cutter imports contracted sharply to $X in 2021. Overall, imports, however, continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2017 with an increase of 240% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell dramatically in the following year.

Imports by Country

The United States (X units), Finland (X units) and Germany (X units) were the main suppliers of self-propelled rock cutter imports to India, with a combined 76% share of total imports. China, Belgium, the UK and Singapore lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +134.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled rock cutter suppliers to India were Finland ($X), China ($X) and Germany ($X), with a combined 79% share of total imports. The United States, Singapore, Belgium and the UK lagged somewhat behind, together accounting for a further 17%.

Belgium, with a CAGR of +210.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average self-propelled rock cutter import price stood at $X per unit in 2021, which is down by -41.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 313%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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