U.S.: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in the U.S.

The U.S. self-propelled rock cutter market skyrocketed to $X in 2021, with an increase of 16% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Self-Propelled Rock Cutter Production in the U.S.

In value terms, self-propelled rock cutter production stood at $X in 2021. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 13% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Self-Propelled Rock Cutter Exports

Exports from the U.S.

In 2021, overseas shipments of self-propelled coal or rock cutters and tunnelling machinery decreased by -10.6% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed slight growth. The pace of growth was the most pronounced in 2019 with an increase of 79% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, self-propelled rock cutter exports expanded slightly to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 140% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X units), India (X units) and Chile (X units) were the main destinations of self-propelled rock cutter exports from the United States, with a combined 55% share of total exports. Brazil, Peru, Canada, the Netherlands, Morocco, Australia, South Africa and China lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +102.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled rock cutter exported from the United States were Chile ($X), Russia ($X) and Brazil ($X), with a combined 45% share of total exports. India, Peru, Australia, South Africa, Morocco, the Netherlands, Canada and China lagged somewhat behind, together comprising a further 39%.

In terms of the main countries of destination, Morocco, with a CAGR of +257.7%, recorded the highest growth rate of 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 2021, the average self-propelled rock cutter export price amounted to $X per unit, increasing by 16% against the previous year. Overall, the export price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2018 an increase of 46% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was South Africa ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+86.3%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Rock Cutter Imports

Imports into the U.S.

After two years of decline, purchases abroad of self-propelled coal or rock cutters and tunnelling machinery increased by 94% to X units in 2021. Overall, imports saw a relatively flat trend pattern. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled rock cutter imports soared to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 50%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units), Australia (X units) and Finland (X units) were the main suppliers of self-propelled rock cutter imports to the United States, together accounting for 84% of total imports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +15.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled rock cutter suppliers to the United States were Sweden ($X), Finland ($X) and Germany ($X), with a combined 93% share of total imports.

Among the main suppliers, Finland, with a CAGR of +25.0%, saw 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

In 2021, the average self-propelled rock cutter import price amounted to $X per unit, with a decrease of -25.5% against the previous year. Over the period under review, the import price, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 54%. Over the period under review, average import prices attained the maximum at $X per unit in 2020, and then fell markedly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per unit), while the price for Australia ($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 (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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