Southern Asia: Rock Cutter Market 2025

Rock Cutter Market Size in Southern Asia

The South Asian rock cutter market declined significantly to $X in 2022, reducing by -68.5% against the previous year. Over the period under review, consumption recorded a precipitous setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Rock Cutter Production in Southern Asia

In value terms, rock cutter production declined to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 38%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Rock Cutter Exports

Exports in Southern Asia

In 2022, shipments abroad of coal or rock cutters and tunnelling machinery was finally on the rise to reach X units after two years of decline. Overall, exports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of 186% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, rock cutter exports shrank slightly to $X in 2022. Over the period under review, exports continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2015 when exports increased by 806%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

India represented the key exporting country with an export of around X units, which reached 53% of total exports. Nepal (X units) held the second position in the ranking, distantly followed by Sri Lanka (X units) and Pakistan (X units). All these countries together took near 47% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +30.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest rock cutter supplying countries in Southern Asia were Nepal ($X), India ($X) and Sri Lanka ($X), together accounting for 99% of total exports.

Sri Lanka, with a CAGR of +81.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, shrinking by -21.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the export price increased by 314% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+49.0%), while the other leaders experienced more modest paces of growth.

Rock Cutter Imports

Imports in Southern Asia

In 2022, approx. X units of coal or rock cutters and tunnelling machinery were imported in Southern Asia; with a decrease of -59.5% on the previous year's figure. In general, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2015 when imports increased by 281%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, rock cutter imports dropped significantly to $X in 2022. Over the period under review, imports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 437%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India dominates imports structure, amounting to X units, which was near 62% of total imports in 2022. Maldives (X units) held a 9.8% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (8%), Sri Lanka (5.5%), Bangladesh (4.9%) and Bhutan (4.9%). Nepal (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to rock cutter imports into India stood at -17.9%. At the same time, Sri Lanka (+24.6%), Bhutan (+14.9%) and Maldives (+14.9%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +24.6% from 2012-2022. By contrast, Nepal (-4.0%), Bangladesh (-4.0%) and Pakistan (-36.4%) illustrated a downward trend over the same period. While the share of India (+25 p.p.), Maldives (+9.6 p.p.), Sri Lanka (+5.5 p.p.), Bhutan (+4.8 p.p.), Bangladesh (+4.3 p.p.) and Nepal (+3.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (-53.4 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported coal or rock cutters and tunnelling machinery in Southern Asia, comprising 81% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 6.4% share of total imports. It was followed by Bhutan, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at -18.6%. In the other countries, the average annual rates were as follows: Sri Lanka (+32.3% per year) and Bhutan (+9.0% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, waning by -3.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 45% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 India ($X per unit), while Maldives ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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