ASEAN: Rock Cutter Market 2024

Rock Cutter Market Size in ASEAN

The ASEAN rock cutter market reduced sharply to $X in 2022, dropping by X% against the previous year. In general, consumption recorded a abrupt decline. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Rock Cutter Production in ASEAN

In value terms, rock cutter production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable slump. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Rock Cutter Exports

Exports in ASEAN

In 2022, rock cutter exports in ASEAN declined to X units, waning by X% against the previous year. Over the period under review, exports faced a abrupt curtailment. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, rock cutter exports fell notably to $X in 2022. In general, exports saw a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Indonesia (X units), Thailand (X units) and Singapore (X units) represented the largest exporter of coal or rock cutters and tunnelling machinery in ASEAN, achieving X% of total export. It was distantly followed by Malaysia (X units) and Lao People's Democratic Republic (X units), together constituting a X% share of total exports. Myanmar (X units) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest rock cutter supplying countries in ASEAN were Indonesia ($X), Thailand ($X) and Singapore ($X), together comprising X% of total exports. Malaysia, Lao People's Democratic Republic and Myanmar lagged somewhat behind, together comprising a further X%.

Lao People's Democratic Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, declining by X% against the previous year. Overall, the export price, however, posted a modest expansion. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Rock Cutter Imports

Imports in ASEAN

For the third year in a row, ASEAN recorded decline in supplies from abroad of coal or rock cutters and tunnelling machinery, which decreased by X% to X units in 2022. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, rock cutter imports contracted dramatically to $X in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) was the largest importer of coal or rock cutters and tunnelling machinery, achieving X% of total imports. It was distantly followed by Indonesia (X units), Singapore (X units), Cambodia (X units) and Myanmar (X units), together mixing up a X% share of total imports. The following importers - Lao People's Democratic Republic (X units) and the Philippines (X units) - each finished at a X% share of total imports.

Thailand was also the fastest-growing in terms of the coal or rock cutters and tunnelling machinery imports, with a CAGR of X% from 2012 to 2022. At the same time, Cambodia (X%) displayed positive paces of growth. Lao People's Democratic Republic and Myanmar experienced a relatively flat trend pattern. By contrast, the Philippines (X%), Indonesia (X%) and Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Cambodia (X p.p.), Myanmar (X p.p.) and Lao People's Democratic Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest rock cutter importing markets in ASEAN were Thailand ($X), Singapore ($X) and Indonesia ($X), together accounting for X% of total imports. Myanmar, the Philippines, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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