GCC: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in GCC

The GCC bituminous mixtures market stood at $X in 2021, approximately equating the previous year. In general, consumption posted a prominent increase. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Bituminous Mixtures Production in GCC

In value terms, bituminous mixtures production stood at $X in 2021 estimated in export price. In general, production saw a buoyant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 32% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Bituminous Mixtures Exports

Exports in GCC

In 2021, after two years of decline, there was significant growth in shipments abroad of bituminous mixtures, when their volume increased by 147% to X tons. In general, exports enjoyed strong growth. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, bituminous mixtures exports skyrocketed to $X in 2021. Over the period under review, exports recorded a moderate increase. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the main exporting country with an export of about X tons, which reached 79% of total exports. It was distantly followed by Oman (X tons) and Bahrain (X tons), together constituting a 20% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to bituminous mixtures exports from the United Arab Emirates stood at +21.5%. At the same time, Oman (+81.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +81.6% from 2012-2021. By contrast, Bahrain (-17.1%) illustrated a downward trend over the same period. The United Arab Emirates (+52 p.p.) and Oman (+14 p.p.) significantly strengthened its position in terms of the total exports, while Bahrain saw its share reduced by -60.5% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest bituminous mixtures supplier in GCC, comprising 78% of total exports. The second position in the ranking was held by Oman ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +12.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+59.0% per year) and Bahrain (-15.0% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, reducing by -6.6% against the previous year. Overall, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in 2013 an increase of 11% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Bahrain ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+2.6%), while the other leaders experienced a decline in the export price figures.

Bituminous Mixtures Imports

Imports in GCC

In 2021, supplies from abroad of bituminous mixtures increased by 26% to X tons, rising for the third consecutive year after five years of decline. In general, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 1,128% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, bituminous mixtures imports reduced modestly to $X in 2021. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 996% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The United Arab Emirates dominates imports structure, resulting at X tons, which was near 93% of total imports in 2021. The following importers - Qatar (X tons) and Oman (X tons) - together made up 7.1% of total imports.

The United Arab Emirates was also the fastest-growing in terms of the bituminous mixtures imports, with a CAGR of +66.0% from 2012 to 2021. At the same time, Qatar (+7.2%) and Oman (+3.2%) displayed positive paces of growth. The United Arab Emirates (+76 p.p.) significantly strengthened its position in terms of the total imports, while Qatar and Oman saw its share reduced by -33.1% and -35.3% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported bituminous mixtures in GCC, comprising 90% of total imports. The second position in the ranking was held by Qatar ($X), with a 6.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to +47.2%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (-3.8% per year) and Oman (-5.2% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, with a decrease of -21.3% against the previous year. In general, the import price showed a deep slump. The pace of growth was the most pronounced in 2018 when the import price increased by 37% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton 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, the country with the highest price was Qatar ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (-8.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform