Portugal: Rock Cutter Market 2024

Rock Cutter Market Size in Portugal

In 2022, the Portuguese rock cutter market increased by 70% to $X, rising for the second year in a row after three years of decline. In general, consumption showed a strong increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Rock Cutter Production in Portugal

In value terms, rock cutter production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a perceptible reduction. The growth pace was the most rapid in 2016 with an increase of 53%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Rock Cutter Exports

Exports from Portugal

In 2022, shipments abroad of coal or rock cutters and tunnelling machinery increased by 333% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 1,120%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, rock cutter exports soared to $X in 2022. Overall, exports, however, continue to indicate a noticeable downturn. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X units) was the main destination for rock cutter exports from Portugal, with a 92% share of total exports. Moreover, rock cutter exports to Angola exceeded the volume sent to the second major destination, the UK (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Angola totaled +10.3%.

In value terms, Angola ($X) emerged as the key foreign market for coal or rock cutters and tunnelling machinery exports from Portugal, comprising 78% of total exports. The second position in the ranking was held by the UK ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola amounted to +9.0%.

Export Prices by Country

In 2022, the average rock cutter export price amounted to $X per unit, with an increase of 79% against the previous year. Over the period under review, the export price recorded a mild expansion. The pace of growth appeared the most rapid in 2016 an increase of 112% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Angola stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+403.6%), while the prices for the other major destinations experienced more modest paces of growth.

Rock Cutter Imports

Imports into Portugal

In 2022, supplies from abroad of coal or rock cutters and tunnelling machinery was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2017 with an increase of 1,083% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rock cutter imports skyrocketed to $X in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 736% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of rock cutter to Portugal, with a 65% share of total imports. Moreover, rock cutter imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. The third position in this ranking was held by Peru (X units), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +51.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+49.9% per year) and Peru (0.0% per year).

In value terms, Italy ($X) constituted the largest supplier of coal or rock cutters and tunnelling machinery to Portugal, comprising 52% of total imports. The second position in the ranking was taken by Poland ($X), with a 15% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +76.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+17.4% per year) and Belgium (-0.2% per year).

Import Prices by Country

In 2022, the average rock cutter import price amounted to $X per unit, with a decrease of -30.7% against the previous year. In general, the import price, however, saw a prominent increase. The growth pace was the most rapid in 2013 when the average import price increased by 131% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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