Eastern Asia: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in Eastern Asia

The East Asian bitumen mixer market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Bitumen Mixer Production in Eastern Asia

In value terms, bitumen mixer production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 10%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Bitumen Mixer Exports

Exports in Eastern Asia

In 2021, after three years of growth, there was significant decline in overseas shipments of machines for mixing mineral substances with bitumen, when their volume decreased by -12.4% to X units. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 26%. The volume of export peaked at X units in 2020, and then fell in the following year.

In value terms, bitumen mixer exports contracted to $X in 2021. Over the period under review, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2017 with an increase of 28%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X units) represented the key exporter of machines for mixing mineral substances with bitumen, achieving 56% of total exports. South Korea (X units) took a 30% share (based on physical terms) of total exports, which put it in second place, followed by Japan (13%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of +11.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest bitumen mixer supplier in Eastern Asia, comprising 81% of total exports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at -3.5%. In the other countries, the average annual rates were as follows: South Korea (-7.2% per year) and Japan (-1.9% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, rising by 12% against the previous year. Overall, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of 57%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat 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 China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the other leaders experienced a decline in the export price figures.

Bitumen Mixer Imports

Imports in Eastern Asia

After three years of decline, overseas purchases of machines for mixing mineral substances with bitumen increased by 159% to X units in 2021. Overall, imports showed a pronounced increase. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, bitumen mixer imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) was the major importer of machines for mixing mineral substances with bitumen in Eastern Asia, with the volume of imports resulting at X units, which was near 63% of total imports in 2021. It was distantly followed by Hong Kong SAR (X units), mixing up a 27% share of total imports. Democratic People's Republic of Korea (X units), China (X units) and South Korea (X units) held a little share of total imports.

Taiwan (Chinese) was also the fastest-growing in terms of the machines for mixing mineral substances with bitumen imports, with a CAGR of +59.6% from 2012 to 2021. At the same time, Hong Kong SAR (+9.3%) displayed positive paces of growth. By contrast, Democratic People's Republic of Korea (-4.4%), South Korea (-16.4%) and China (-26.5%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+62 p.p.) and Hong Kong SAR (+11 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Democratic People's Republic of Korea (-3.8 p.p.), South Korea (-10.8 p.p.) and China (-57.9 p.p.) displayed negative dynamics.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported machines for mixing mineral substances with bitumen in Eastern Asia, comprising 68% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 16% share of total imports. It was followed by China, with a 4.5% share.

In Taiwan (Chinese), bitumen mixer imports expanded at an average annual rate of +50.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+20.2% per year) and China (-28.0% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, surging by 3.6% against the previous year. Overall, the import price, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 160%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Democratic People's Republic of Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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