Italy: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Italy

In 2021, the Italian self-propelled rock cutter market decreased by -61% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, enjoyed significant growth. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Self-Propelled Rock Cutter Production in Italy

In value terms, self-propelled rock cutter production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 11% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Self-Propelled Rock Cutter Exports

Exports from Italy

In 2021, overseas shipments of self-propelled coal or rock cutters and tunnelling machinery increased by 420% to X units, rising for the second year in a row after four years of decline. In general, exports, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2015 when exports increased by 505% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, self-propelled rock cutter exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 661%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X units), Russia (X units) and Senegal (X units) were the main destinations of self-propelled rock cutter exports from Italy, with a combined 53% share of total exports. Egypt, Israel, Serbia, Iran, Kuwait, the UK, Azerbaijan, Ireland and Singapore lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +90.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Israel ($X) and Austria ($X) constituted the largest markets for self-propelled rock cutter exported from Italy worldwide, with a combined 28% share of total exports. Egypt, Ireland, the UK, Serbia, Iran, Kuwait, Senegal, Singapore, Azerbaijan and Malta lagged somewhat behind, together comprising a further 18%.

Serbia, with a CAGR of +36.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average self-propelled rock cutter export price stood at $X per unit in 2021, dropping by -18.9% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 121% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ireland ($X per unit), while the average price for exports to Senegal ($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 Ireland (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Rock Cutter Imports

Imports into Italy

After two years of growth, purchases abroad of self-propelled coal or rock cutters and tunnelling machinery decreased by -6.9% to X units in 2021. Over the period under review, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by 996% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, self-propelled rock cutter imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 555% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Spain (X units), Germany (X units) and India (X units) were the main suppliers of self-propelled rock cutter imports to Italy, together comprising 71% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +800.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled rock cutter suppliers to Italy were Germany ($X), India ($X) and Spain ($X), with a combined 64% share of total imports.

India, with a CAGR of +1,020.8%, recorded 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

In 2021, the average self-propelled rock cutter import price amounted to $X per unit, rising by 101% against the previous year. In general, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 224%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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