ASEAN: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in ASEAN

The ASEAN self-propelled rock cutter market rose significantly to $X in 2022, surging by X% against the previous year. Overall, consumption showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Self-Propelled Rock Cutter Production in ASEAN

In value terms, self-propelled rock cutter production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Self-Propelled Rock Cutter Exports

Exports in ASEAN

After two years of growth, shipments abroad of self-propelled coal or rock cutters and tunnelling machinery decreased by X% to X units in 2022. Over the period under review, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2021, and then contracted markedly in the following year.

In value terms, self-propelled rock cutter exports contracted remarkably to $X in 2022. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Singapore was the major exporter of self-propelled coal or rock cutters and tunnelling machinery in ASEAN, with the volume of exports recording X units, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X units) and Malaysia (X units), together generating a X% share of total exports. Lao People's Democratic Republic (X units) took a relatively small share of total exports.

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

In value terms, Singapore ($X) remains the largest self-propelled rock cutter supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Self-Propelled Rock Cutter Imports

Imports in ASEAN

In 2022, the amount of self-propelled coal or rock cutters and tunnelling machinery imported in ASEAN shrank to X units, with a decrease of X% against 2021. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled rock cutter imports contracted rapidly to $X in 2022. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam was the key importer of self-propelled coal or rock cutters and tunnelling machinery in ASEAN, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. Indonesia (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%), Malaysia (X%) and the Philippines (X%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest self-propelled rock cutter importing markets in ASEAN were Malaysia ($X), Vietnam ($X) and the Philippines ($X), together accounting for X% of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Malaysia ($X per unit), while Singapore ($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 more modest paces of growth.

Source: IndexBox Platform

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