MENA: Rock Cutter Market 2025

Rock Cutter Market Size in MENA

In 2022, the MENA's rock cutter market increased by 18% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Rock Cutter Production in MENA

In value terms, rock cutter production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The growth pace was the most rapid in 2015 when the production volume increased by 130% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Rock Cutter Exports

Exports in MENA

After three years of growth, overseas shipments of coal or rock cutters and tunnelling machinery decreased by -26.4% to X units in 2022. Overall, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by 373% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, rock cutter exports reduced dramatically to $X in 2022. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 297%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the main exporter of coal or rock cutters and tunnelling machinery in MENA, with the volume of exports resulting at X units, which was near 42% of total exports in 2022. It was distantly followed by Saudi Arabia (X units), Oman (X units) and Kuwait (X units), together achieving a 54% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +26.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the largest rock cutter supplier in MENA, comprising 52% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 23% share of total exports. It was followed by Oman, with a 14% share.

In the United Arab Emirates, rock cutter exports increased at an average annual rate of +20.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (+8.6% per year) and Oman (+21.2% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, increasing by 7.5% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rock cutter export price decreased by -34.8% against 2017 indices. The pace of growth was the most pronounced in 2017 when the export price increased by 55% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+7.4%), while the other leaders experienced more modest paces of growth.

Rock Cutter Imports

Imports in MENA

In 2022, purchases abroad of coal or rock cutters and tunnelling machinery increased by 10% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a perceptible downturn. The growth pace was the most rapid in 2016 with an increase of 81%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, rock cutter imports fell to $X in 2022. Overall, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of 138%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Qatar (X units), distantly followed by Turkey (X units), the United Arab Emirates (X units), Iran (X units), Israel (X units), Oman (X units), Kuwait (X units) and Egypt (X units) were the largest importers of coal or rock cutters and tunnelling machinery, together committing 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +33.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rock cutter importing markets in MENA were Qatar ($X), the United Arab Emirates ($X) and Israel ($X), with a combined 41% share of total imports. Kuwait, Turkey, Egypt, Oman and Iran lagged somewhat behind, together comprising a further 32%.

Kuwait, with a CAGR of +74.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, declining by -18.7% against the previous year. Overall, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2015 when the import price increased by 236% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+35.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform