Report Update: May 1, 2024

Republic of Korea - Self-Propelled Coal Or Rock Cutters And Tunnelling Machinery - Market Analysis, Forecast, Size, Trends And Insights

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Self-Propelled Rock Cutter Price in South Korea - 2022

Self-Propelled Rock Cutter Price in South Korea (CIF) - 2022

In 2022, the average self-propelled rock cutter import price amounted to $42,318 per unit, leveling off at the previous year. In general, the import price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 an increase of 90%. As a result, import price attained the peak level of $42,417 per unit, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($186,823 per unit), while the price for Australia ($844 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Self-Propelled Rock Cutter Price in South Korea (FOB) - 2022

The average self-propelled rock cutter export price stood at $24,563 per unit in 2022, shrinking by -8.4% against the previous year. Over the period under review, the export price, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 55%. Over the period under review, the average export prices attained the maximum at $26,805 per unit in 2021, and then reduced in the following year.

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 Chile ($160,123 per unit), while the average price for exports to Ireland ($1,410 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 the United Arab Emirates (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Rock Cutter Imports in South Korea

In 2022, purchases abroad of self-propelled coal or rock cutters and tunnelling machinery decreased by -27.4% to 703 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 569%. Imports peaked at 968 units in 2021, and then dropped significantly in the following year.

In value terms, self-propelled rock cutter imports shrank markedly to $30M in 2022. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 707%. Imports peaked at $41M in 2021, and then dropped dramatically in the following year.

Import of Self-Propelled Rock Cutter in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	0.5	4.5	6.5	12.0	188.4%
Austria	0.4	3.8	12.6	10.2	194.3%
Germany	0.3	2.1	2.3	2.1	91.3%
Sweden	N/A	3.4	2.5	2.0	-23.3%
Finland	0.6	2.2	0.7	1.7	41.5%
Australia	N/A	N/A	N/A	N/A	0%
Others	0.4	2.4	16.5	1.8	65.1%
Total	2.3	18.5	41.1	29.8	134.9%

Top Suppliers of Self-Propelled Rock Cutter to South Korea in 2022:

Germany (254.0 units)
China (156.0 units)
Sweden (122.0 units)
Austria (83.0 units)
Finland (40.0 units)
Australia (31.0 units)

Self-Propelled Rock Cutter Exports in South Korea

In 2022, self-propelled rock cutter exports from South Korea fell remarkably to 46 units, waning by -19.3% against 2021. Overall, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. Over the period under review, the exports hit record highs at 298 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, self-propelled rock cutter exports shrank markedly to $1.1M in 2022. In general, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 111% against the previous year. The exports peaked at $6M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Self-Propelled Rock Cutter in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	988	163	319	232	-38.3%
Norway	357	63.5	135	106	-33.3%
Indonesia	1,215	0.2	131	104	-55.9%
United Arab Emirates	186	55.1	100	67.5	-28.7%
Cambodia	214	38.6	83.2	66.4	-32.3%
Malaysia	326	48.9	87.4	57.9	-43.8%
Zambia	77.2	12.6	24.4	17.6	-38.9%
Argentina	60.1	9.2	16.7	11.2	-42.9%
Canada	41.2	6.0	10.6	6.9	-44.9%
Myanmar	28.7	3.9	6.3	3.8	-49.0%
Oman	26.2	3.6	5.8	3.5	-48.9%
China	21.5	2.7	4.0	2.2	-53.2%
Ireland	12.9	1.9	3.3	2.1	-45.4%
Others	2,489	320	613	454	-43.3%
Total	6,042	729	1,540	1,134	-42.7%

Top Export Markets for Self-Propelled Rock Cutter from South Korea in 2022:

Malaysia (14.0 units)
Norway (7.0 units)
Ireland (2.0 units)
Cambodia (2.0 units)
United Arab Emirates (2.0 units)
Canada (1.0 units)
Myanmar (1.0 units)
Oman (1.0 units)
Zambia (1.0 units)
Indonesia (1.0 units)
China (1.0 units)
Chile (1.0 units)
Argentina (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the self-propelled rock cutter market in Republic of Korea. 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:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
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