ASEAN: Concrete Mixer Market 2024

Concrete Mixer Market Size in ASEAN

In 2021, the ASEAN concrete mixer market decreased by -1.5% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped slightly in the following year.

Concrete Mixer Production in ASEAN

In value terms, concrete mixer production dropped to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 38%. As a result, production attained the peak level of $X, and then shrank in the following year.

Concrete Mixer Exports

Exports in ASEAN

In 2021, concrete mixer exports in ASEAN shrank sharply to X units, with a decrease of -37.1% compared with the previous year's figure. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by 11%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, concrete mixer exports skyrocketed to $X in 2021. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2013 with an increase of 44% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X units) and Thailand (X units) represented roughly 74% of total exports in 2021. Singapore (X units) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (4.5%). Indonesia (X units) and Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +20.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Singapore ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2021, with a combined 90% share of total exports.

Vietnam, with a CAGR of +29.2%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, picking up by 98% against the previous year. Overall, the export price enjoyed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+12.6%), while the other leaders experienced more modest paces of growth.

Concrete Mixer Imports

Imports in ASEAN

Concrete mixer imports declined to X units in 2021, which is down by -6.8% on 2020 figures. In general, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 10%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, concrete mixer imports amounted to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 27%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia (X units), Thailand (X units), Cambodia (X units) and Vietnam (X units) represented roughly 83% of total imports in 2021. It was distantly followed by the Philippines (X units), creating a 5% share of total imports. The following importers - Singapore (X units) and Myanmar (X units) - each accounted for a 7.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +15.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the Philippines ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 55% of total imports.

The Philippines, with a CAGR of +17.0%, saw the highest growth rate of 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

The import price in ASEAN stood at $X per unit in 2021, picking up by 7.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 when the import price increased by 20%. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Philippines ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform