Malaysia: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in Malaysia

The Malaysian bitumen mixer market fell to $X in 2021, dropping by -1.9% against the previous year. Overall, consumption, however, recorded a significant expansion. Bitumen mixer consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bitumen Mixer Production in Malaysia

In value terms, bitumen mixer production rose markedly to $X in 2021 estimated in export price. Overall, production, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Bitumen Mixer Exports

Exports from Malaysia

In 2021, the amount of machines for mixing mineral substances with bitumen exported from Malaysia surged to X units, with an increase of 97% compared with the previous year. In general, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 301% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bitumen mixer exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 283%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X units), the United States (X units) and Australia (X units) were the main destinations of bitumen mixer exports from Malaysia, together comprising 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +93.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bitumen mixer exported from Malaysia were Thailand ($X), the United States ($X) and Singapore ($X), with a combined 84% share of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +84.3%, recorded 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

The average bitumen mixer export price stood at $X per unit in 2021, rising by 7.1% against the previous year. In general, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+113.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bitumen Mixer Imports

Imports into Malaysia

After two years of decline, purchases abroad of machines for mixing mineral substances with bitumen increased by 95% to X units in 2021. Overall, imports enjoyed buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 173% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, bitumen mixer imports skyrocketed to $X in 2021. In general, imports recorded a strong increase. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest bitumen mixer supplier to Malaysia, with a 79% share of total imports. Moreover, bitumen mixer imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold. The third position in this ranking was taken by India (X units), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+12.1% per year) and India (-8.3% per year).

In value terms, China ($X) constituted the largest supplier of machines for mixing mineral substances with bitumen to Malaysia, comprising 86% of total imports. The second position in the ranking was held by India ($X), with a 9.1% share of total imports. It was followed by Taiwan (Chinese), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.3% per year) and Taiwan (Chinese) (+1.6% per year).

Import Prices by Country

In 2021, the average bitumen mixer import price amounted to $X per unit, growing by 19% against the previous year. Over the period under review, the import price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2016 an increase of 116% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+42.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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