Middle East: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in the Middle East

The Middle Eastern self-propelled rock cutter market skyrocketed to $X in 2022, with an increase of X% against the previous year. In general, consumption saw a resilient expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Self-Propelled Rock Cutter Production in the Middle East

In value terms, self-propelled rock cutter production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a slight setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Self-Propelled Rock Cutter Exports

Exports in the Middle East

Self-propelled rock cutter exports contracted to X units in 2022, shrinking by X% against 2021 figures. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, self-propelled rock cutter exports declined sharply to $X in 2022. Over the period under review, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia represented the largest exporting country with an export of about X units, which resulted at X% of total exports. Oman (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%) and Israel (X%). Iran (X units), Jordan (X units) and the United Arab Emirates (X units) held a relatively small share of total exports.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), Iran (X%) and Israel (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%), the United Arab Emirates (X%) and Jordan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman, Saudi Arabia, Israel and Iran increased by X, X, X and X percentage points, respectively.

In value terms, the largest self-propelled rock cutter supplying countries in the Middle East were Saudi Arabia ($X), Turkey ($X) and Israel ($X), together comprising X% of total exports. Oman, the United Arab Emirates, Jordan and Iran lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, saw the highest rates of growth with regard to 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 the Middle East amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Turkey ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Self-Propelled Rock Cutter Imports

Imports in the Middle East

In 2022, approx. X units of self-propelled coal or rock cutters and tunnelling machinery were imported in the Middle East; picking up by X% compared with 2021. In general, imports saw a significant increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, self-propelled rock cutter imports reached $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the key importing country with an import of around X units, which finished at X% of total imports. The United Arab Emirates (X units) ranks second in terms of the total imports with a X% share, followed by Iran (X%). Saudi Arabia (X units) followed a long way behind the leaders.

Turkey 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, Iran (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Saudi Arabia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported self-propelled coal or rock cutters and tunnelling machinery in the Middle East, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, self-propelled rock cutter imports 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: Saudi Arabia (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, falling by X% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 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 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 Saudi Arabia ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :