Report Update Nov 1, 2024

Colombia - Machines for Mixing Mineral Substances With Bitumen - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in Colombia

The Colombian bitumen mixer market soared to $X in 2021, growing by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a deep slump. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Bitumen Mixer Exports

Exports from Colombia

In 2021, shipments abroad of machines for mixing mineral substances with bitumen decreased by -25% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 100% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, bitumen mixer exports declined markedly to $X in 2021. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 when exports increased by 43,396%. The exports peaked at $X in 2020, and then declined notably in the following year.

Exports by Country

Paraguay (X units) and Ecuador (X units) were the main destinations of bitumen mixer exports from Colombia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of 0.0%).

In value terms, the largest markets for bitumen mixer exported from Colombia were Paraguay ($X), Chile ($X) and Ecuador ($X), together comprising 85% of total exports.

In terms of the main countries of destination, Chile, with a CAGR of +277.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average bitumen mixer export price stood at $X per unit in 2021, dropping by -44.4% against the previous year. Overall, the export price, however, saw a measured expansion. The pace of growth appeared the most rapid in 2020 an increase of 350%. As a result, the export price reached the peak level of $X per unit, and then contracted markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+1,153.9%), while the prices for the other major destinations experienced more modest paces of growth.

Bitumen Mixer Imports

Imports into Colombia

In 2021, bitumen mixer imports into Colombia skyrocketed to X units, rising by 50% compared with the previous year. Overall, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 633%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, bitumen mixer imports contracted rapidly to $X in 2021. In general, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 243% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest bitumen mixer supplier to Colombia, with a 74% share of total imports. Moreover, bitumen mixer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. The third position in this ranking was held by Italy (X units), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +52.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.9% per year) and Italy (0.0% per year).

In value terms, the largest bitumen mixer suppliers to Colombia were China ($X), Spain ($X) and the United States ($X), with a combined 82% share of total imports.

In terms of the main suppliers, China, with a CAGR of +101.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average bitumen mixer import price amounted to $X per unit, declining by -75.3% against the previous year. Overall, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 298%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machines for mixing mineral substances with bitumen in the world?

The countries with the highest volumes of bitumen mixer consumption in 2021 were South Korea, Ukraine and Indonesia, with a combined 30% share of global consumption. Croatia, Thailand, Brazil, Egypt, Turkey, Senegal, Kazakhstan, Spain, Micronesia and Romania lagged somewhat behind, together accounting for a further 28%.

What are the largest producers of machines for mixing mineral substances with bitumen in the world?

The countries with the highest volumes of bitumen mixer production in 2021 were South Korea, Germany and Turkey, together accounting for 52% of global production.

What are the leading suppliers of machines for mixing mineral substances with bitumen to Colombia?

In value terms, Brazil constituted the largest supplier of bitumen mixer to Colombia, comprising 43% of total imports. The second position in the ranking was occupied by China, with a 16% share of total imports.

What are the leading importers of machines for mixing mineral substances with bitumen from Colombia?

In value terms, the largest markets for bitumen mixer exported from Colombia were Ecuador and Peru.

What is the average export price for machines for mixing mineral substances with bitumen in Colombia?

In 2021, the average bitumen mixer export price amounted to $28,325 per unit, declining by -61.3% against the previous year.

What is the average import price for machines for mixing mineral substances with bitumen in Colombia?

The average bitumen mixer import price stood at $62,434 per unit in 2021, rising by 29% against the previous year.

This report provides an in-depth analysis of the bitumen mixer market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28924070 - Machines for mixing mineral substances with bitumen

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023