United Kingdom: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in the UK

The UK self-propelled rock cutter market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption enjoyed a remarkable increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Self-Propelled Rock Cutter Production in the UK

In value terms, self-propelled rock cutter production totaled $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 4.9%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Self-Propelled Rock Cutter Exports

Exports from the UK

In 2021, approx. X units of self-propelled coal or rock cutters and tunnelling machinery were exported from the UK; dropping by -55.5% on 2020. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 907% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled rock cutter exports skyrocketed to $X in 2021. Overall, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 1,675%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X units), Switzerland (X units) and Nigeria (X units) were the main destinations of self-propelled rock cutter exports from the UK, with a combined 60% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +49.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled rock cutter exported from the UK were Kuwait ($X), Switzerland ($X) and Nigeria ($X), together accounting for 73% of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +80.0%, saw 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, picking up by 177% against the previous year. Overall, the export price, however, faced a deep reduction. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Canada ($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 Thailand (+93.2%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Rock Cutter Imports

Imports into the UK

In 2021, approx. X units of self-propelled coal or rock cutters and tunnelling machinery were imported into the UK; remaining constant against the previous year. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 516% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled rock cutter imports fell markedly to $X in 2021. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 338%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest self-propelled rock cutter supplier to the UK, accounting for a 68% share of total imports. Moreover, self-propelled rock cutter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Poland (X units) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +98.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.8% per year) and Poland (0.0% per year).

In value terms, the largest self-propelled rock cutter suppliers to the UK were the Netherlands ($X), the United States ($X) and Poland ($X), together accounting for 92% of total imports.

The United States, with a CAGR of +91.3%, recorded the highest growth rate of the value of imports, among the main suppliers 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, falling by -17.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 126%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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