Middle East: Rock Cutter Market 2024

Rock Cutter Market Size in the Middle East

The Middle Eastern rock cutter market plummeted to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Rock Cutter Production in the Middle East

In value terms, rock cutter production reduced slightly to $X in 2022 estimated in export price. The total production indicated prominent growth 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 decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Rock Cutter Exports

Exports in the Middle East

In 2022, exports of coal or rock cutters and tunnelling machinery in the Middle East declined significantly to X units, waning by X% on the previous year. Overall, exports, however, saw mild growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, rock cutter exports contracted significantly to $X in 2022. Over the period under review, exports recorded a slight contraction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the major exporter of coal or rock cutters and tunnelling machinery in the Middle East, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) took the second position in the ranking, followed by Turkey (X units), Kuwait (X units), Iran (X units), Jordan (X units) and Lebanon (X units). All these countries together took near X% share of total exports. Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to rock cutter exports from Saudi Arabia stood at X%. At the same time, Bahrain (X%), Kuwait (X%), Jordan (X%) and Iran (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%), Lebanon (X%) and Turkey (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.), Kuwait (X p.p.), Lebanon (X p.p.), Bahrain (X p.p.) and Jordan (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Turkey saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest rock cutter supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

In Saudi Arabia, rock cutter exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Jordan (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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

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

Rock Cutter Imports

Imports in the Middle East

In 2022, imports of coal or rock cutters and tunnelling machinery in the Middle East declined dramatically to X units, with a decrease of X% against the previous year. Overall, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, rock cutter imports declined significantly to $X in 2022. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Qatar dominates imports structure, finishing at X units, which was near X% of total imports in 2022. Israel (X units) ranks second in terms of the total imports with a X% share, followed by Oman (X%) and Iran (X%). The United Arab Emirates (X units), Kuwait (X units) and Yemen (X units) held a relatively small share of total imports.

Qatar was also the fastest-growing in terms of the coal or rock cutters and tunnelling machinery imports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) and Yemen (X%) displayed positive paces of growth. Iran experienced a relatively flat trend pattern. By contrast, Oman (X%), Israel (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Qatar and Kuwait increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Israel stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X,554 per unit. From 2016 to 2022, the 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 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 Yemen (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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