Eastern Europe: Rock Cutter Market 2024

Rock Cutter Market Size in Eastern Europe

After two years of decline, the East European rock cutter market increased by X% to $X in 2022. Overall, consumption continues to indicate a abrupt contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Rock Cutter Production in Eastern Europe

In value terms, rock cutter production rose significantly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Rock Cutter Exports

Exports in Eastern Europe

In 2022, shipments abroad of coal or rock cutters and tunnelling machinery increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed buoyant growth. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, rock cutter exports surged to $X in 2022. In general, exports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Poland represented the major exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by Latvia (X units), the Czech Republic (X units), Hungary (X units) and Lithuania (X units), together creating a X% share of total exports. Bulgaria (X units) and Russia (X units) followed a long way behind the leaders.

Poland was also the fastest-growing in terms of the coal or rock cutters and tunnelling machinery exports, with a CAGR of X% from 2012 to 2022. At the same time, Latvia (X%), the Czech Republic (X%), Lithuania (X%), Hungary (X%) and Bulgaria (X%) displayed positive paces of growth. By contrast, Russia (X%) illustrated a downward trend over the same period. Poland (X p.p.) and Latvia (X p.p.) significantly strengthened its position in terms of the total exports, while Lithuania, Bulgaria, the Czech Republic, Russia and Hungary saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, Poland ($X) remains the largest rock cutter supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In Poland, 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: the Czech Republic (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. 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 Russia ($X per unit), while Latvia ($X per unit) was amongst the lowest.

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

Rock Cutter Imports

Imports in Eastern Europe

In 2022, the amount of coal or rock cutters and tunnelling machinery imported in Eastern Europe declined significantly to X units, falling by X% against 2021. In general, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, rock cutter imports reached $X in 2022. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X units), distantly followed by Romania (X units), Bulgaria (X units), Belarus (X units), Slovakia (X units), Lithuania (X units), the Czech Republic (X units), Hungary (X units) and Poland (X units) represented the key importers of coal or rock cutters and tunnelling machinery, together committing X% of total imports.

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

In value terms, Belarus ($X), Russia ($X) and Bulgaria ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Bulgaria, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 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 Belarus ($X,850 per unit), while Slovakia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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