Report Update Nov 1, 2024

Philippines - Coal or Rock Cutters and Tunnelling Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Rock Cutter Market 2024

Rock Cutter Market Size in the Philippines

The Philippine rock cutter market surged to $X in 2022, with an increase of 289% 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). In general, consumption, however, saw a abrupt decrease. Rock cutter consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Rock Cutter Exports

Exports from the Philippines

After two years of growth, overseas shipments of coal or rock cutters and tunnelling machinery decreased by -92.8% to X units in 2019. In general, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by 350% against the previous year. Over the period under review, the exports hit record highs at X units in 2018, and then reduced rapidly in the following year.

In value terms, rock cutter exports shrank rapidly to $X in 2019. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 502% against the previous year. The exports peaked at $X in 2018, and then reduced notably in the following year.

Exports by Country

Kenya (X units) and China (X units) were the main destinations of rock cutter exports from the Philippines.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +12.2%).

In value terms, Kenya ($X) and China ($X) appeared to be the largest markets for rock cutter exported from the Philippines worldwide.

Among the main countries of destination, China, with a CAGR of +165.4%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2019, the average rock cutter export price amounted to $X per unit, growing by 7.6% against the previous year. In general, the export price posted resilient growth. The pace of growth was the most pronounced in 2014 an increase of 146% against the previous year. The export price peaked in 2019 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2019, amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to China totaled $X per unit.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China (+136.5%), while the prices for the other major destinations experienced more modest paces of growth.

Rock Cutter Imports

Imports into the Philippines

Rock cutter imports into the Philippines skyrocketed to X units in 2022, rising by 225% compared with 2021 figures. In general, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, rock cutter imports soared to $X in 2022. Overall, imports, however, saw a abrupt downturn. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest rock cutter supplier to the Philippines, with a 90% share of total imports. It was followed by Japan (X units), with a 2.6% share of total imports. The third position in this ranking was taken by Hong Kong SAR (X units), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-31.5% per year) and Hong Kong SAR (-20.1% per year).

In value terms, Thailand ($X) constituted the largest supplier of coal or rock cutters and tunnelling machinery to the Philippines, comprising 98% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 0.9% share of total imports. It was followed by China, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-2.3% per year) and China (-13.9% per year).

Import Prices by Country

In 2022, the average rock cutter import price amounted to $X per unit, surging by 46% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 79% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+22.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for coal or rock cutters and tunnelling machinery in the world?

The countries with the highest volumes of rock cutter consumption in 2020 were Belarus, Germany and Georgia, with a combined 46% share of global consumption.

What are the largest producers of coal or rock cutters and tunnelling machinery in the world?

The country with the largest volume of rock cutter production was Germany, comprising approx. 63% of total volume. Moreover, rock cutter production in Germany exceeded the figures recorded by the second-largest producer, Japan, eightfold. China ranked third in terms of total production with a 5.2% share.

What are the leading suppliers of coal or rock cutters and tunnelling machinery to the Philippines?

In value terms, China constituted the largest supplier of rock cutter to the Philippines, comprising 46% of total imports. The second position in the ranking was occupied by Canada, with a 20% share of total imports. It was followed by Australia, with a 9.7% share.

What are the leading importers of coal or rock cutters and tunnelling machinery from the Philippines?

In value terms, Germany remains the key foreign market for rock cutter exports from the Philippines, comprising 44% of total exports. The second position in the ranking was occupied by the United States, with a 12% share of total exports. It was followed by China, with a 12% share.

What is the average export price for coal or rock cutters and tunnelling machinery in the Philippines?

In 2020, the average rock cutter export price amounted to $8,290 per unit, declining by -45.7% against the previous year.

What is the average import price for coal or rock cutters and tunnelling machinery in the Philippines?

In 2020, the average rock cutter import price amounted to $10,773 per unit, rising by 64% against the previous year.

This report provides an in-depth analysis of the rock cutter market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28921235 - Coal or rock cutters and tunnelling machinery (excluding selfpropelled)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023