Northern America: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Northern America

The North American self-propelled rock cutter market rose significantly to $X in 2021, picking up by 8.6% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Self-Propelled Rock Cutter Production in Northern America

In value terms, self-propelled rock cutter production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 21%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Self-Propelled Rock Cutter Exports

Exports in Northern America

In 2021, overseas shipments of self-propelled coal or rock cutters and tunnelling machinery decreased by -5.8% to X units, falling for the second year in a row after three years of growth. In general, exports showed a slight reduction. The pace of growth appeared the most rapid in 2019 with an increase of 31% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, self-propelled rock cutter exports rose remarkably to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 114%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States represented the main exporting country with an export of about X units, which resulted at 81% of total exports. It was distantly followed by Canada (X units), making up a 19% share of total exports.

The United States was also the fastest-growing in terms of the self-propelled coal or rock cutters and tunnelling machinery exports, with a CAGR of +1.4% from 2012 to 2021. Canada (-9.7%) illustrated a downward trend over the same period. While the share of the United States (+21 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-21 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest self-propelled rock cutter supplier in Northern America, comprising 84% of total exports. The second position in the ranking was taken by Canada ($X), with a 16% share of total exports.

In the United States, self-propelled rock cutter exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, with an increase of 13% against the previous year. Over the period under review, the export price posted a temperate expansion. The most prominent rate of growth was recorded in 2018 an increase of 66%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+18.8%).

Self-Propelled Rock Cutter Imports

Imports in Northern America

In 2021, self-propelled rock cutter imports in Northern America surged to X units, jumping by 55% against the previous year. Over the period under review, imports enjoyed a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled rock cutter imports rose rapidly to $X in 2021. Overall, imports showed a tangible expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 48% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The United States represented the main importer of self-propelled coal or rock cutters and tunnelling machinery in Northern America, with the volume of imports recording X units, which was approx. 54% of total imports in 2021. Canada (X units) ranks second in terms of the total imports with a 28% share, followed by Greenland (18%).

From 2012 to 2021, the biggest increases were recorded for Greenland (with a CAGR of +53.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Greenland ($X) were the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Greenland, with a CAGR of +24.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, shrinking by -27.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 33%. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per unit), while Greenland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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