Indonesia: Rock Cutter Market 2024

Rock Cutter Market Size in Indonesia

The Indonesian rock cutter market plummeted to $X in 2022, shrinking by -71.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a precipitous descent. Rock cutter consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Rock Cutter Exports

Exports from Indonesia

In 2022, approx. X units of coal or rock cutters and tunnelling machinery were exported from Indonesia; with a decrease of -14.3% against 2021. Overall, exports saw a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of 100% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, rock cutter exports skyrocketed to $X in 2022. In general, exports, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2013 when exports increased by 1,160%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X units), Vietnam (X units) and Lao People's Democratic Republic (X units) were the main destinations of rock cutter exports from Indonesia, with a combined 25% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for coal or rock cutters and tunnelling machinery exports from Indonesia, comprising 56% of total exports. The second position in the ranking was held by Australia ($X), with a 22% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+76.3% per year) and Malaysia (+2.2% per year).

Export Prices by Country

In 2022, the average rock cutter export price amounted to $X per unit, surging by 138% against the previous year. Over the period under review, the export price showed a moderate expansion. The growth pace was the most rapid in 2013 when the average export price increased by 530%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Papua New Guinea ($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 Australia (+76.3%), while the prices for the other major destinations experienced more modest paces of growth.

Rock Cutter Imports

Imports into Indonesia

In 2022, approx. X units of coal or rock cutters and tunnelling machinery were imported into Indonesia; waning by -69% compared with the previous year. Over the period under review, imports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2019 with an increase of 382%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, rock cutter imports declined remarkably to $X in 2022. In general, imports continue to indicate a precipitous decline. The growth pace was the most rapid in 2018 when imports increased by 260% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest rock cutter supplier to Indonesia, with a 46% share of total imports. Moreover, rock cutter imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. The third position in this ranking was taken by India (X units), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+12.9% per year) and India (-8.0% per year).

In value terms, the largest rock cutter suppliers to Indonesia were Australia ($X), India ($X) and China ($X), with a combined 51% share of total imports. Singapore, Thailand, Japan, Malaysia, Germany and the United States lagged somewhat behind, together accounting for a further 25%.

Thailand, with a CAGR of +12.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average rock cutter import price amounted to $X per unit, which is down by -13.1% against the previous year. Over the period under review, the import price recorded a slight reduction. The growth pace was the most rapid in 2020 an increase of 331%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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