South Africa: Rock Cutter Market 2024

Rock Cutter Market Size in South Africa

The South African rock cutter market soared to $X in 2022, rising by 29% against the previous year. Over the period under review, consumption, however, recorded a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Rock Cutter Production in South Africa

In value terms, rock cutter production rose modestly to $X in 2022 estimated in export price. Overall, production saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 272,484,000% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Rock Cutter Exports

Exports from South Africa

In 2022, rock cutter exports from South Africa soared to X units, with an increase of 70% compared with 2021 figures. Overall, exports, however, showed a deep contraction. The growth pace was the most rapid in 2019 with an increase of 115% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, rock cutter exports skyrocketed to $X in 2022. In general, exports, however, saw a slight contraction. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X units), the United States (X units) and Zambia (X units) were the main destinations of rock cutter exports from South Africa, with a combined 60% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +40.3%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Zimbabwe ($X) and the United States ($X) appeared to be the largest markets for rock cutter exported from South Africa worldwide, with a combined 55% share of total exports.

The United States, with a CAGR of +155.3%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2022, the average rock cutter export price amounted to $X per unit, growing by 61% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +12.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+82.0%), while the prices for the other major destinations experienced more modest paces of growth.

Rock Cutter Imports

Imports into South Africa

In 2022, rock cutter imports into South Africa surged to X units, with an increase of 74% on the previous year. Overall, imports, however, continue to indicate a perceptible contraction. The growth pace was the most rapid in 2015 with an increase of 459% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, rock cutter imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a slight slump. The pace of growth appeared the most rapid in 2016 when imports increased by 132%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X units), Canada (X units) and Sweden (X units) were the main suppliers of rock cutter imports to South Africa, together comprising 68% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +49.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rock cutter suppliers to South Africa were South Korea ($X), Canada ($X) and Sweden ($X), with a combined 69% share of total imports. Botswana, the United States, Finland and Germany lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Botswana, with a CAGR of +74.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rock cutter import price stood at $X per unit in 2022, growing by 12% against the previous year. Over the period under review, the import price showed slight growth. The most prominent rate of growth was recorded in 2013 an increase of 134%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 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 Finland ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (+89.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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