Australia and Oceania: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in Australia and Oceania

In 2021, after two years of growth, there was significant decline in the bitumen mixer market in Australia and Oceania, when its value decreased by -73.8% to $X. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Bitumen Mixer Production in Australia and Oceania

In value terms, bitumen mixer production shrank to $X in 2021 estimated in export price. Overall, production, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 291% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Bitumen Mixer Exports

Exports in Australia and Oceania

In 2021, approx. X units of machines for mixing mineral substances with bitumen were exported in Australia and Oceania; approximately mirroring the previous year. Overall, exports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by 2,220%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, bitumen mixer exports rose rapidly to $X in 2021. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 221%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of machines for mixing mineral substances with bitumen, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the machines for mixing mineral substances with bitumen exports, with a CAGR of -7.4% from 2012 to 2021. From 2012 to 2021, the share of Australia increased by +80 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest bitumen mixer supplier in Australia and Oceania.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at -9.8%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, with an increase of 12% against the previous year. Overall, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2015 an increase of 469% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -2.6% per year.

Bitumen Mixer Imports

Imports in Australia and Oceania

In 2021, after two years of growth, there was significant decline in purchases abroad of machines for mixing mineral substances with bitumen, when their volume decreased by -61% to X units. Over the period under review, imports, however, posted strong growth. The pace of growth was the most pronounced in 2017 with an increase of 505%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bitumen mixer imports contracted significantly to $X in 2021. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 119%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Micronesia was the largest importing country with an import of about X units, which reached 46% of total imports. It was distantly followed by Australia (X units), American Samoa (X units), New Zealand (X units) and Solomon Islands (X units), together making up a 49% share of total imports. New Caledonia (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by American Samoa (with a CAGR of +43.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported machines for mixing mineral substances with bitumen in Australia and Oceania, comprising 63% of total imports. The second position in the ranking was held by Solomon Islands ($X), with an 11% share of total imports. It was followed by New Zealand, with an 11% share.

In Australia, bitumen mixer imports shrank by an average annual rate of -11.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Solomon Islands (+38.2% per year) and New Zealand (+44.5% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, surging by 64% against the previous year. In general, the import price, however, faced a drastic downturn. The growth pace was the most rapid in 2018 an increase of 711% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Micronesia (+17.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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