Scandinavia: Self-Propelled Rock Cutter Market 2025

Self-Propelled Rock Cutter Market Size in Scandinavia

The Scandinavia self-propelled rock cutter market reached $X in 2021, picking up by 15% against the previous year. Over the period under review, consumption, however, saw a strong increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Rock Cutter Production in Scandinavia

In value terms, self-propelled rock cutter production soared to $X in 2021 estimated in export price. The total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.3% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 46%. 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 Scandinavia

In 2021, after two years of decline, there was significant growth in shipments abroad of self-propelled coal or rock cutters and tunnelling machinery, when their volume increased by 14% to X units. Over the period under review, exports, however, showed a deep contraction. The growth pace was the most rapid in 2017 with an increase of 29%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled rock cutter exports stood at $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by 39% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Finland (X units) was the main exporter of self-propelled coal or rock cutters and tunnelling machinery, constituting 62% of total exports. It was distantly followed by Sweden (X units), mixing up a 36% share of total exports. Denmark (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +89.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Finland ($X), Sweden ($X) and Denmark ($X) constituted the countries with the highest levels of exports in 2021, together comprising 100% of total exports.

Denmark, with a CAGR of +63.9%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 8% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.9%), while the other leaders experienced a decline in the export price figures.

Self-Propelled Rock Cutter Imports

Imports in Scandinavia

In 2021, overseas purchases of self-propelled coal or rock cutters and tunnelling machinery decreased by -25.5% to X units, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 110% against the previous year. The volume of import 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 totaled $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 184%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Sweden represented the largest importing country with an import of about X units, which amounted to 56% of total imports. It was distantly followed by Finland (X units), Norway (X units) and Denmark (X units), together creating a 43% share of total imports. Iceland (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sweden (with a CAGR of +48.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) constitutes the largest market for imported self-propelled coal or rock cutters and tunnelling machinery in Scandinavia, comprising 65% of total imports. The second position in the ranking was taken by Sweden ($X), with an 18% share of total imports. It was followed by Finland, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in Norway totaled -3.7%. In the other countries, the average annual rates were as follows: Sweden (+12.6% per year) and Finland (+13.4% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, with an increase of 38% against the previous year. Over the period under review, the import price, however, saw a deep setback. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+4.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform