Asia: Rock Cutter Market 2024

Rock Cutter Market Size in Asia

In 2022, the Asian rock cutter market decreased by X% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption recorded a pronounced curtailment. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Rock Cutter Production in Asia

In value terms, rock cutter production reduced to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Rock Cutter Exports

Exports in Asia

In 2022, approx. X units of coal or rock cutters and tunnelling machinery were exported in Asia; falling by X% on the year before. Overall, exports recorded a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then shrank notably in the following year.

In value terms, rock cutter exports dropped significantly to $X in 2022. Over the period under review, exports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the key exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Saudi Arabia (X units) and Japan (X units), together achieving a X% share of total exports. The United Arab Emirates (X units), India (X units), Indonesia (X units), Thailand (X units), Turkey (X units), South Korea (X units), Kuwait (X units), Singapore (X units), Sri Lanka (X units) and Iran (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Sri Lanka (X%), Saudi Arabia (X%), Kuwait (X%) and Iran (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Indonesia (X%), the United Arab Emirates (X%), India (X%), Singapore (X%), Thailand (X%), Japan (X%) and Turkey (X%) illustrated a downward trend over the same period. China (X p.p.), Saudi Arabia (X p.p.), Kuwait (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand, Turkey and Japan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest rock cutter supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports. It was followed by Japan, with an X% share.

In China, rock cutter exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Japan ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Rock Cutter Imports

Imports in Asia

In 2022, the amount of coal or rock cutters and tunnelling machinery imported in Asia fell dramatically to X units, dropping by X% against the previous year. In general, imports showed a deep slump. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rock cutter imports contracted sharply to $X in 2022. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units) and Qatar (X units) represented roughly X% of total imports in 2022. It was distantly followed by Thailand (X units), achieving an X% share of total imports. The following importers - Indonesia (X units), Singapore (X units), Israel (X units), Oman (X units), Iran (X units), Cambodia (X units) and the United Arab Emirates (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported coal or rock cutters and tunnelling machinery in Asia, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Israel (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, showed a deep contraction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 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 Israel ($X per unit), while Qatar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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