Portugal: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Portugal

The Portuguese self-propelled rock cutter market soared to $X in 2021, surging by 81% against the previous year. Overall, consumption continues to indicate a pronounced increase. Self-propelled rock cutter consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Self-Propelled Rock Cutter Production in Portugal

In value terms, self-propelled rock cutter production reduced to $X in 2021 estimated in export price. In general, production, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 373% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Self-Propelled Rock Cutter Exports

Exports from Portugal

In 2019, after two years of growth, there was significant decline in shipments abroad of self-propelled coal or rock cutters and tunnelling machinery, when their volume decreased by -93.3% to X units. In general, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2017 with an increase of 1,500%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2019, the exports remained at a lower figure.

In value terms, self-propelled rock cutter exports shrank remarkably to $X in 2019. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2017 when exports increased by 972%. The exports peaked at $X in 2013; however, from 2014 to 2019, the exports failed to regain momentum.

Exports by Country

Spain (X units), Angola (X units) and Mozambique (X units) were the main destinations of self-propelled rock cutter exports from Portugal. Moreover, self-propelled rock cutter exports in Spain exceeded the figures recorded by the second-largest exporter, Angola, twofold.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Angola ($X), Spain ($X) and Mozambique ($X) appeared to be the largest markets for self-propelled rock cutter exported from Portugal worldwide, with a combined 18% share of total exports.

Angola, with a CAGR of +15.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2019, the average self-propelled rock cutter export price amounted to $X per unit, surging by 82% against the previous year. Overall, the export price saw a buoyant increase. The growth pace was the most rapid in 2013 an increase of 82%. The export price peaked in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Angola ($X per unit), while the average price for exports to Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Rock Cutter Imports

Imports into Portugal

In 2021, approx. X units of self-propelled coal or rock cutters and tunnelling machinery were imported into Portugal; jumping by 70% against the previous year's figure. Overall, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2014 when imports increased by 2,880%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled rock cutter imports soared to $X in 2021. Over the period under review, imports recorded a slight increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,483%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), Sweden (X units) and Italy (X units) were the main suppliers of self-propelled rock cutter imports to Portugal, together comprising 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +49.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of self-propelled coal or rock cutters and tunnelling machinery to Portugal, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+61.4% per year) and Sweden (-6.7% per year).

Import Prices by Country

In 2021, the average self-propelled rock cutter import price amounted to $X per unit, jumping by 168% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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