GCC: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in GCC

The GCC bitumen mixer market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption enjoyed tangible growth. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Bitumen Mixer Production in GCC

In value terms, bitumen mixer production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production recorded prominent growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 68%. Over the period under review, production attained the peak level at $X in 2020, and then shrank slightly in the following year.

Bitumen Mixer Exports

Exports in GCC

For the third year in a row, GCC recorded growth in shipments abroad of machines for mixing mineral substances with bitumen, which increased by 159% to X units in 2021. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 231%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bitumen mixer exports skyrocketed to $X in 2021. Over the period under review, exports showed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 524% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Kuwait represented the key exporter of machines for mixing mineral substances with bitumen in GCC, with the volume of exports accounting for X units, which was near 75% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units), making up a 21% share of total exports. Saudi Arabia (X units) followed a long way behind the leaders.

Kuwait was also the fastest-growing in terms of the machines for mixing mineral substances with bitumen exports, with a CAGR of +75.3% from 2012 to 2021. The United Arab Emirates (-1.2%) and Saudi Arabia (-45.2%) illustrated a downward trend over the same period. While the share of Kuwait (+75 p.p.) and the United Arab Emirates (+17 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-92.5 p.p.) displayed negative dynamics.

In value terms, the largest bitumen mixer supplying countries in GCC were Kuwait ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising 58% of total exports.

Among the main exporting countries, Kuwait, with a CAGR of +108.1%, 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 GCC amounted to $X per unit, declining by -44.1% against the previous year. In general, the export price, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 an increase of 2,123% against the previous year. The level of export peaked at $X per unit in 2020, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+106.6%), while the other leaders experienced more modest paces of growth.

Bitumen Mixer Imports

Imports in GCC

Bitumen mixer imports soared to X units in 2021, with an increase of 206% on the year before. In general, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bitumen mixer imports reduced remarkably to $X in 2021. Overall, imports, however, faced a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 160% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia dominates imports structure, amounting to X units, which was near 95% of total imports in 2021. Qatar (X units) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the machines for mixing mineral substances with bitumen imports, with a CAGR of +13.1% from 2012 to 2021. Qatar (-21.4%) illustrated a downward trend over the same period. Saudi Arabia (+45 p.p.) significantly strengthened its position in terms of the total imports, while Qatar saw its share reduced by -41.2% from 2012 to 2021, respectively.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported machines for mixing mineral substances with bitumen in GCC, comprising 53% of total imports. The second position in the ranking was taken by Qatar ($X), with a 0.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Saudi Arabia totaled -7.1%.

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, falling by -72.3% against the previous year. Overall, the import price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the import price increased by 233% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per unit), while Qatar amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-17.9%).

Source: IndexBox Platform