South-Eastern Asia: Rock Cutter Market 2024

Rock Cutter Market Size in South-Eastern Asia

For the third consecutive year, the Southeast Asian rock cutter market recorded decline in sales value, which decreased by -36.1% to $X in 2022. In general, consumption saw a abrupt decline. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Rock Cutter Production in South-Eastern Asia

In value terms, rock cutter production amounted to $X in 2022 estimated in export price. Overall, production showed a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 8.4%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Rock Cutter Exports

Exports in South-Eastern Asia

In 2022, rock cutter exports in South-Eastern Asia declined dramatically to X units, falling by -51.1% compared with 2021. Over the period under review, exports faced a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 290% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rock cutter exports dropped significantly to $X in 2022. In general, exports faced a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 260% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Thailand (X units) and Singapore (X units) represented the key exporters of coal or rock cutters and tunnelling machinery in 2022, resulting at near 45% and 32% of total exports, respectively. It was distantly followed by Indonesia (X units), mixing up a 10% share of total exports. The following exporters - Malaysia (X units), Vietnam (X units), Myanmar (X units) and Lao People's Democratic Republic (X units) - together made up 12% of total exports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +7.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, with a combined 96% share of total exports. Vietnam, Lao People's Democratic Republic, Indonesia and Myanmar lagged somewhat behind, together accounting for a further 4.2%.

Among the main exporting countries, Lao People's Democratic Republic, with a CAGR of +15.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, jumping by 40% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.5%), while the other leaders experienced more modest paces of growth.

Rock Cutter Imports

Imports in South-Eastern Asia

In 2022, rock cutter imports in South-Eastern Asia shrank dramatically to X units, which is down by -44.1% compared with the previous year. Over the period under review, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 187% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rock cutter imports shrank remarkably to $X in 2022. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 182%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X units), distantly followed by Thailand (X units), Singapore (X units), Indonesia (X units), Vietnam (X units) and Myanmar (X units) were the major importers of coal or rock cutters and tunnelling machinery, together committing 94% of total imports. Lao People's Democratic Republic (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of +25.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported coal or rock cutters and tunnelling machinery in South-Eastern Asia, comprising 38% of total imports. The second position in the ranking was taken by Thailand ($X), with an 18% share of total imports. It was followed by Singapore, with a 17% share.

In Malaysia, rock cutter imports increased at an average annual rate of +26.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-2.6% per year) and Singapore (-19.3% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, increasing by 6.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2013 an increase of 23%. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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