Report Update Nov 1, 2024

Vietnam - Self-Propelled Coal or Rock Cutters and Tunnelling Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Vietnam

For the third consecutive year, the Vietnamese self-propelled rock cutter market recorded growth in sales value, which increased by 4.5% to $X in 2021. In general, consumption posted a significant increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Self-Propelled Rock Cutter Exports

Exports from Vietnam

In 2020, the amount of self-propelled coal or rock cutters and tunnelling machinery exported from Vietnam surged to X units, picking up by 100% against the previous year. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 900% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, self-propelled rock cutter exports soared to $X in 2020. Overall, exports, however, faced a sharp curtailment. The pace of growth was the most pronounced in 2014 with an increase of 1,529%. As a result, the exports reached the peak of $X. From 2015 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, South Korea ($X) also remains the key foreign market for self-propelled coal or rock cutters and tunnelling machinery exports from Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea amounted to -35.7%.

Export Prices by Country

In 2021, the average self-propelled rock cutter export price amounted to $X per unit, increasing by 33% against the previous year. Over the period under review, the export price, however, showed a sharp downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 3,392%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2012 to 2021, the rate of growth in terms of prices for the Philippines amounted to +182.0% per year.

Self-Propelled Rock Cutter Imports

Imports into Vietnam

For the third consecutive year, Vietnam recorded growth in overseas purchases of self-propelled coal or rock cutters and tunnelling machinery, which increased by 22% to X units in 2021. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 1,672% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, self-propelled rock cutter imports dropped remarkably to $X in 2021. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,817%. Over the period under review, imports attained the maximum at $X in 2020, and then reduced remarkably in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of self-propelled rock cutter to Vietnam, accounting for a 30% share of total imports. Moreover, self-propelled rock cutter imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by Japan (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +86.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.3% per year) and Japan (+38.0% per year).

In value terms, China ($X) constituted the largest supplier of self-propelled coal or rock cutters and tunnelling machinery to Vietnam, comprising 70% of total imports. The second position in the ranking was held by Finland ($X), with a 15% share of total imports. It was followed by Japan, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +118.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+20.1% per year) and Japan (+25.4% per year).

Import Prices by Country

In 2021, the average self-propelled rock cutter import price amounted to $X per unit, waning by -31.4% against the previous year. In general, the import price continues to indicate a mild setback. The growth pace was the most rapid in 2019 when the average import price increased by 14%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for self-propelled coal or rock cutters and tunnelling machinery in the world?

The countries with the highest volumes of self-propelled rock cutter consumption in 2020 were New Zealand, Sweden and Japan, with a combined 59% share of global consumption. France, Saudi Arabia, India, Iran, South Korea, Poland, Azerbaijan, Turkey and Australia lagged somewhat behind, together comprising a further 26%.

What are the largest producers of self-propelled coal or rock cutters and tunnelling machinery in the world?

The countries with the highest volumes of self-propelled rock cutter production in 2020 were New Zealand, Sweden and Japan, together accounting for 69% of global production. Finland, India, Austria, Iran, France, China and Azerbaijan lagged somewhat behind, together comprising a further 23%.

What are the leading suppliers of self-propelled coal or rock cutters and tunnelling machinery to Vietnam?

In value terms, China constituted the largest supplier of self-propelled rock cutter to Vietnam, comprising 98% of total imports. The second position in the ranking was occupied by Germany, with a 1.8% share of total imports.

What is the average export price for self-propelled coal or rock cutters and tunnelling machinery in Vietnam?

In 2020, the average self-propelled rock cutter export price amounted to $2,480 per unit, waning by -74.3% against the previous year.

What is the average import price for self-propelled coal or rock cutters and tunnelling machinery in Vietnam?

In 2020, the average self-propelled rock cutter import price amounted to $16,604 per unit, waning by -3.7% against the previous year.

This report provides an in-depth analysis of the self-propelled rock cutter market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28921233 - Self-propelled coal or rock cutters and tunnelling machinery

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023