Asia: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in Asia

In 2021, the Asian bitumen mixer market decreased by -1.4% to $X, falling for the third consecutive year after three years of growth. In general, consumption continues to indicate a pronounced setback. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Bitumen Mixer Production in Asia

In value terms, bitumen mixer production surged to $X in 2021 estimated in export price. Overall, production saw resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 79% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Bitumen Mixer Exports

Exports in Asia

In 2021, overseas shipments of machines for mixing mineral substances with bitumen increased by 20% to X units, rising for the fourth year in a row after two years of decline. Overall, exports, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2018 with an increase of 77% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bitumen mixer exports rose remarkably to $X in 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 23% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

India (X units), Kazakhstan (X units), Malaysia (X units) and China (X units) represented roughly 68% of total exports in 2021. Turkey (X units) held a 7.4% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (6.9%) and Thailand (4.9%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kazakhstan (with a CAGR of +71.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and India ($X) constituted the countries with the highest levels of exports in 2021, together comprising 81% of total exports.

Turkey, with a CAGR of +25.5%, saw the highest growth rate of the value of exports, among 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

The export price in Asia stood at $X per unit in 2021, waning by -9.4% against the previous year. Over the period under review, the export price, however, recorded moderate growth. The pace of growth was the most pronounced in 2013 when the export price increased by 60% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Thailand ($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 (+8.4%), while the other leaders experienced a decline in the export price figures.

Bitumen Mixer Imports

Imports in Asia

Bitumen mixer imports dropped markedly to X units in 2021, which is down by -56.3% on the previous year's figure. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 156%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bitumen mixer imports declined slightly to $X in 2021. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2014 when imports increased by 47% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Saudi Arabia dominates imports structure, reaching X units, which was near 70% of total imports in 2021. It was distantly followed by the Philippines (X units), creating a 4.8% share of total imports. The following importers - Myanmar (X units), Qatar (X units), Afghanistan (X units), Turkmenistan (X units), Singapore (X units) and Kazakhstan (X units) - each recorded a 13% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to bitumen mixer imports into Saudi Arabia stood at +13.1%. At the same time, Afghanistan (+32.1%), Myanmar (+3.1%) and Kazakhstan (+1.7%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +32.1% from 2012-2021. By contrast, the Philippines (-5.7%), Singapore (-9.3%), Qatar (-21.4%) and Turkmenistan (-44.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia, the Philippines, Afghanistan and Myanmar increased by +66, +3.2, +2.1 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X), Saudi Arabia ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2021, with a combined 15% share of total imports. Afghanistan, Myanmar, Singapore, Turkmenistan and Qatar lagged somewhat behind, together accounting for a further 2.1%.

In terms of the main importing countries, Afghanistan, with a CAGR of +23.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, with an increase of 121% against the previous year. Overall, the import price showed prominent growth. The pace of growth appeared the most rapid in 2013 an increase of 201% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+7.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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