Spain: Rock Cutter Market 2024

Rock Cutter Market Size in Spain

The Spanish rock cutter market expanded modestly to $X in 2022, picking up by 1.9% against the previous year. Over the period under review, consumption, however, saw a temperate expansion. Rock cutter consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Rock Cutter Production in Spain

In value terms, rock cutter production stood at $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 44%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Rock Cutter Exports

Exports from Spain

In 2022, after two years of growth, there was significant decline in shipments abroad of coal or rock cutters and tunnelling machinery, when their volume decreased by -23.2% to X units. In general, exports faced a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 2,482%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, rock cutter exports dropped significantly to $X in 2022. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 6,713%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X units), Italy (X units) and France (X units) were the main destinations of rock cutter exports from Spain, with a combined 87% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +81.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for coal or rock cutters and tunnelling machinery exports from Spain, comprising 57% of total exports. The second position in the ranking was taken by Portugal ($X), with a 22% share of total exports. It was followed by Senegal, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+6.3% per year) and Senegal (+16.1% per year).

Export Prices by Country

In 2022, the average rock cutter export price amounted to $X per unit, shrinking by -65.6% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 165%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Morocco ($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 Senegal (+23.6%), while the prices for the other major destinations experienced mixed trend patterns.

Rock Cutter Imports

Imports into Spain

In 2022, approx. X units of coal or rock cutters and tunnelling machinery were imported into Spain; waning by -42.6% against the previous year's figure. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 2,158% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced remarkably in the following year.

In value terms, rock cutter imports expanded modestly to $X in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,328% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Chile (X units), Germany (X units) and Israel (X units) were the main suppliers of rock cutter imports to Spain, together comprising 52% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +1,366.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rock cutter suppliers to Spain were Germany ($X), Chile ($X) and Israel ($X), with a combined 70% share of total imports.

Chile, with a CAGR of +1,423.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 83% against the previous year. In general, the import price, however, showed a noticeable decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 424%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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