Northern America: Rock Cutter Market 2025

Rock Cutter Market Size in Northern America

For the third year in a row, the North American rock cutter market recorded growth in sales value, which increased by 26% to $X in 2022. In general, consumption continues to indicate a significant increase. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Rock Cutter Production in Northern America

In value terms, rock cutter production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 43%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Rock Cutter Exports

Exports in Northern America

In 2022, rock cutter exports in Northern America surged to X units, jumping by 54% on the previous year's figure. Overall, exports, however, showed a deep setback. The growth pace was the most rapid in 2017 when exports increased by 85% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, rock cutter exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 81% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United States (X units), followed by Canada (X units) represented the major exporters of coal or rock cutters and tunnelling machinery, together achieving 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of -1.2%).

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of exports in 2022.

Canada, with a CAGR of -2.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, reducing by -15.7% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of 48% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%).

Rock Cutter Imports

Imports in Northern America

Rock cutter imports surged to X units in 2022, growing by 30% compared with 2021. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 50%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, rock cutter imports skyrocketed to $X in 2022. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 63%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The United States represented the largest importing country with an import of about X units, which recorded 80% of total imports. It was distantly followed by Canada (X units), making up a 20% share of total imports.

Imports into the United States increased at an average annual rate of +12.2% from 2012 to 2022. At the same time, Canada (+19.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +19.3% from 2012-2022. Canada (+8.2 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -8.1% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported coal or rock cutters and tunnelling machinery in Northern America, comprising 71% of total imports. The second position in the ranking was taken by Canada ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +6.2%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, increasing by 3.2% against the previous year. In general, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2015 when the import price increased by 9.9% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-0.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :