Asia-Pacific: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Asia-Pacific

In 2022, the Asia-Pacific self-propelled rock cutter market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a noticeable setback. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Self-Propelled Rock Cutter Production in Asia-Pacific

In value terms, self-propelled rock cutter production reduced modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Self-Propelled Rock Cutter Exports

Exports in Asia-Pacific

Self-propelled rock cutter exports surged to X units in 2022, growing by X% on 2021 figures. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, self-propelled rock cutter exports soared to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X units) and China (X units) represented roughly X% of total exports in 2022. It was distantly followed by India (X units), creating a X% share of total exports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest self-propelled rock cutter supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with an X% share of total exports. It was followed by India, with a X% share.

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

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

Self-Propelled Rock Cutter Imports

Imports in Asia-Pacific

In 2022, the amount of self-propelled coal or rock cutters and tunnelling machinery imported in Asia-Pacific skyrocketed to X units, picking up by X% against 2021 figures. Over the period under review, imports saw temperate growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, self-propelled rock cutter imports soared to $X in 2022. Overall, imports, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Bangladesh prevails in imports structure, resulting at X units, which was approx. X% of total imports in 2022. Vietnam (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%), South Korea (X%), Indonesia (X%) and India (X%). Singapore (X units), Malaysia (X units) and New Zealand (X units) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the self-propelled coal or rock cutters and tunnelling machinery imports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%), Vietnam (X%), South Korea (X%), India (X%) and New Zealand (X%) displayed positive paces of growth. By contrast, Singapore (X%), Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.), Taiwan (Chinese) (X p.p.), Vietnam (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.), Malaysia (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported self-propelled coal or rock cutters and tunnelling machinery in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in 2019 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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