Global Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size

The global self-propelled rock cutter market amounted to $X in 2021, surging by 14% against the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the maximum level in 2021 and is expected to retain growth in years to come.

Self-Propelled Rock Cutter Production

In value terms, self-propelled rock cutter production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, global production growth failed to regain momentum.

Self-Propelled Rock Cutter Exports

Exports

In 2021, shipments abroad of self-propelled coal or rock cutters and tunnelling machinery decreased by -33.7% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 142% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the global exports remained at a somewhat lower figure.

In value terms, self-propelled rock cutter exports rose rapidly to $X in 2021. Overall, exports saw a noticeable decline. The growth pace was the most rapid in 2019 with an increase of 22%. Over the period under review, the global exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Finland (X units), distantly followed by Sweden (X units), Austria (X units), France (X units), China (X units), Germany (X units), India (X units) and Japan (X units) were the key exporters of self-propelled coal or rock cutters and tunnelling machinery, together generating 79% of total exports. Saudi Arabia (X units), Italy (X units), Belgium (X units), the United States (X units) and the Netherlands (X units) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of +35.4%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest self-propelled rock cutter supplying countries worldwide were China ($X), Finland ($X) and the United States ($X), together comprising 60% of global exports. These countries were followed by Sweden, Austria, Germany, Japan, France, India, the Netherlands, Belgium, Saudi Arabia and Italy, which together accounted for a further 32%.

In terms of the main exporting countries, India, with a CAGR of +49.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average self-propelled rock cutter export price stood at $X per unit in 2021, jumping by 63% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 170%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.5%), while the other global leaders experienced more modest paces of growth.

Self-Propelled Rock Cutter Imports

Imports

In 2021, approx. X units of self-propelled coal or rock cutters and tunnelling machinery were imported worldwide; rising by 19% against the year before. Over the period under review, total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Over the period under review, global imports hit record highs 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 amounted to $X in 2021. Overall, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 32% against the previous year. Global imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X units), distantly followed by Bangladesh (X units) were the major importers of self-propelled coal or rock cutters and tunnelling machinery, together generating 37% of total imports. The following importers - Egypt (X units), France (X units), the United Arab Emirates (X units), Peru (X units), Mexico (X units), Brazil (X units), the Netherlands (X units), South Korea (X units), Vietnam (X units), Iran (X units) and Belgium (X units) - together made up 26% of total imports.

Imports into Turkey increased at an average annual rate of +37.5% from 2012 to 2021. At the same time, Egypt (+79.5%), France (+55.7%), Bangladesh (+54.4%), Peru (+34.5%), the Netherlands (+23.1%), Vietnam (+22.9%), South Korea (+22.1%), Belgium (+13.7%), Iran (+13.3%), Mexico (+6.4%) and the United Arab Emirates (+3.6%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in the world, with a CAGR of +79.5% from 2012-2021. By contrast, Brazil (-3.3%) illustrated a downward trend over the same period. While the share of Turkey (+24 p.p.), Bangladesh (+12 p.p.), Egypt (+3.4 p.p.), France (+2.8 p.p.), Peru (+2.2 p.p.), the Netherlands (+1.8 p.p.), South Korea (+1.7 p.p.) and Vietnam (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported self-propelled coal or rock cutters and tunnelling machinery worldwide, comprising 8.5% of global imports. The second position in the ranking was held by Mexico ($X), with a 4% share of global imports. It was followed by Brazil, with a 4% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +11.7%. In the other countries, the average annual rates were as follows: Mexico (-6.3% per year) and Brazil (+4.1% per year).

Import Prices by Country

In 2021, the average self-propelled rock cutter import price amounted to $X per unit, falling by -4.4% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 29% against the previous year. Global import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+7.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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