Latin America and the Caribbean: Rock Cutter Market 2024

Rock Cutter Market Size in Latin America and the Caribbean

The Latin American rock cutter market totaled $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a deep setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Rock Cutter Production in Latin America and the Caribbean

In value terms, rock cutter production surged to $X in 2022 estimated in export price. The total production indicated a buoyant 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. Based on 2022 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked in 2022 and is expected to retain growth in years to come.

Rock Cutter Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of coal or rock cutters and tunnelling machinery decreased by X% to X units, falling for the third consecutive year after two years of growth. In general, exports showed a noticeable decrease. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, rock cutter exports soared to $X in 2022. Overall, exports, however, saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X units) and Peru (X units) represented the largest exporters of coal or rock cutters and tunnelling machinery in 2022, reaching near X% and X% of total exports, respectively. Chile (X units) held the next position in the ranking, followed by Trinidad and Tobago (X units), Guyana (X units), Honduras (X units) and Nicaragua (X units). All these countries together held near X% share of total exports. The following exporters - Brazil (X units), Colombia (X units), Costa Rica (X units) and Guatemala (X units) - each amounted to an X% share of total exports.

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

In value terms, the largest rock cutter supplying countries in Latin America and the Caribbean were Peru ($X), Guyana ($X) and Chile ($X), with a combined X% share of total exports. Ecuador, Colombia, Brazil, Nicaragua, Costa Rica, Guatemala, Trinidad and Tobago and Honduras lagged somewhat behind, together accounting for a further X%.

Nicaragua, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price posted a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Rock Cutter Imports

Imports in Latin America and the Caribbean

Rock cutter imports shrank dramatically to X units in 2022, waning by X% on the previous year's figure. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, rock cutter imports declined rapidly to $X in 2022. Over the period under review, imports showed a deep slump. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Chile (X units), followed by Argentina (X units), Honduras (X units), Venezuela (X units), Peru (X units), Brazil (X units) and Colombia (X units) represented the largest importers of coal or rock cutters and tunnelling machinery, together making up X% of total imports. Bolivia (X units), Guyana (X units), Guatemala (X units), Panama (X units), Grenada (X units) and Nicaragua (X units) followed a long way behind the leaders.

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

In value terms, Chile ($X), Argentina ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Brazil, Guyana, Honduras, Bolivia, Peru, Venezuela, Guatemala, Panama, Nicaragua and Grenada lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Grenada, with a CAGR of X%, saw 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 Latin America and the Caribbean amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2019; however, from 2020 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 Colombia ($X per unit), while Grenada ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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