Eastern Europe: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in Eastern Europe

In 2021, the East European bitumen mixer market increased by 59% to $X, rising for the second consecutive year after three years of decline. Overall, consumption saw notable growth. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Bitumen Mixer Production in Eastern Europe

In value terms, bitumen mixer production fell to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible setback. The growth pace was the most rapid in 2018 with an increase of 33% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Bitumen Mixer Exports

Exports in Eastern Europe

In 2021, overseas shipments of machines for mixing mineral substances with bitumen decreased by -51.5% to X units for the first time since 2015, thus ending a five-year rising trend. Overall, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 42% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, bitumen mixer exports dropped significantly to $X in 2021. Over the period under review, exports faced a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 128%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the four major exporters of machines for mixing mineral substances with bitumen, namely Poland, Hungary, Russia and Belarus, represented more than two-thirds of total export. The Czech Republic (X units) took a 6% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (4.7%). Ukraine (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 Russia (with a CAGR of +27.1%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest bitumen mixer supplier in Eastern Europe, comprising 58% of total exports. The second position in the ranking was taken by Lithuania ($X), with an 8.7% share of total exports. It was followed by Ukraine, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value in Poland was relatively modest. In the other countries, the average annual rates were as follows: Lithuania (-4.0% per year) and Ukraine (-34.8% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, jumping by 59% against the previous year. In general, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 when the export price increased by 102%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Ukraine ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+1.7%), while the other leaders experienced a decline in the export price figures.

Bitumen Mixer Imports

Imports in Eastern Europe

In 2021, purchases abroad of machines for mixing mineral substances with bitumen increased by 2% to X units, rising for the second year in a row after three years of decline. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 9,997%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, bitumen mixer imports stood at $X in 2021. Overall, imports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 74% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Latvia represented the main importing country with an import of around X units, which finished at 59% of total imports. Ukraine (X units) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Russia (6.4%). The following importers - Belarus (X units), Romania (X units), the Czech Republic (X units) and Hungary (X units) - together made up 9.8% of total imports.

Imports into Latvia increased at an average annual rate of +33.9% from 2012 to 2021. At the same time, Ukraine (+73.4%), Hungary (+35.8%), the Czech Republic (+9.8%) and Romania (+2.5%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +73.4% from 2012-2021. By contrast, Belarus (-2.6%) and Russia (-8.2%) illustrated a downward trend over the same period. Latvia (+44 p.p.) and Ukraine (+22 p.p.) significantly strengthened its position in terms of the total imports, while Romania, Belarus and Russia saw its share reduced by -5.5%, -11.3% and -44% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X), Russia ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 76% share of total imports.

In terms of the main importing countries, Ukraine, with a CAGR of +42.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, increasing by 3.9% against the previous year. Overall, the import price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of 3,924% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, 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 Russia ($X per unit), while Latvia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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