Europe: Rock Cutter Market 2024

Rock Cutter Market Size in Europe

After two years of growth, the Europe rock cutter market decreased by X% to $X in 2022. In general, consumption, however, saw a strong expansion. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Rock Cutter Production in Europe

In value terms, rock cutter production expanded rapidly to $X in 2022 estimated in export price. Overall, production recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Rock Cutter Exports

Exports in Europe

In 2022, rock cutter exports in Europe totaled X units, growing by X% on 2021. Total exports indicated a perceptible increase from 2012 to 2022: its volume 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. Based on 2022 figures, exports decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, rock cutter exports amounted to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2022. Italy (X units) ranks second in terms of the total exports with a X% share, followed by Sweden (X%), Poland (X%) and the UK (X%). Belgium (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to rock cutter exports from Germany stood at X%. At the same time, Sweden (X%), Poland (X%) and the UK (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Belgium (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden, Poland and Germany increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest rock cutter supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Sweden (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Sweden ($X per unit), while Poland ($X per unit) was amongst the lowest.

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

Rock Cutter Imports

Imports in Europe

In 2022, overseas purchases 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. Overall, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rock cutter imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Slovenia (X units) and Germany (X units) represented the main importers of coal or rock cutters and tunnelling machinery in Europe, together reaching near X% of total imports. It was distantly followed by the UK (X units), Greece (X units) and Switzerland (X units), together mixing up a X% share of total imports. Norway (X units) and the Netherlands (X units) took a minor share of total imports.

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

In value terms, the largest rock cutter importing markets in Europe were the UK ($X), Germany ($X) and Norway ($X), together comprising X% of total imports. Switzerland, Greece, Slovenia and the Netherlands lagged somewhat behind, together accounting for a further X%.

Slovenia, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Norway ($X per unit), while Slovenia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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