EU: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in the EU

In 2021, the EU bitumen mixer market increased by 5,732% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption posted a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bitumen Mixer Production in the EU

In value terms, bitumen mixer production expanded sharply to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 20% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Bitumen Mixer Exports

Exports in the EU

Bitumen mixer exports reduced sharply to X units in 2021, with a decrease of -16.7% compared with the previous year. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 100% against the previous year. As a result, the exports attained the peak of X units, and then shrank sharply in the following year.

In value terms, bitumen mixer exports expanded remarkably to $X in 2021. Overall, exports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 35%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Italy was the major exporter of machines for mixing mineral substances with bitumen in the European Union, with the volume of exports finishing at X units, which was near 72% of total exports in 2021. It was distantly followed by Germany (X units), committing a 13% share of total exports. Denmark (X units), France (X units), Belgium (X units) and Spain (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to bitumen mixer exports from Italy stood at +39.6%. At the same time, Belgium (+50.9%), Denmark (+38.1%), Spain (+23.1%), Germany (+19.7%) and France (+19.7%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +50.9% from 2012-2021. Italy (+44 p.p.), Denmark (+2.2 p.p.) and Belgium (+2 p.p.) significantly strengthened its position in terms of the total exports, while France and Germany saw its share reduced by -2% and -6.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2021, with a combined 83% share of total exports.

Among the main exporting countries, Spain, with a CAGR of +13.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, surging by 28% against the previous year. Over the period under review, the export price, however, faced a significant decline. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-7.7%), while the other leaders experienced a decline in the export price figures.

Bitumen Mixer Imports

Imports in the EU

In 2021, overseas purchases of machines for mixing mineral substances with bitumen increased by 8,095% to X units, rising for the third consecutive year after two years of decline. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bitumen mixer imports reached $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.1% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 45% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Ireland (X units) represented the major importer of machines for mixing mineral substances with bitumen in the European Union, constituting 100% of total import.

Ireland was also the fastest-growing in terms of the machines for mixing mineral substances with bitumen imports, with a CAGR of +118.8% from 2012 to 2021. From 2012 to 2021, the share of Ireland increased by +33 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ireland ($X) constitutes the largest market for imported machines for mixing mineral substances with bitumen in the European Union.

In Ireland, bitumen mixer imports expanded at an average annual rate of +59.0% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, with a decrease of -98.8% against the previous year. Over the period under review, the import price showed a dramatic descent. The growth pace was the most rapid in 2017 an increase of 2,959% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ireland.

From 2012 to 2021, the rate of growth in terms of prices for Ireland amounted to -27.3% per year.

Source: IndexBox Platform

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