MENA: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in MENA

The MENA's bitumen mixer market expanded markedly to $X in 2021, growing by 7.4% against the previous year. Overall, consumption, however, saw a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Bitumen Mixer Production in MENA

In value terms, bitumen mixer production skyrocketed to $X in 2021 estimated in export price. In general, production, however, posted a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 189%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Bitumen Mixer Exports

Exports in MENA

In 2021, shipments abroad of machines for mixing mineral substances with bitumen decreased by -25.7% to X units for the first time since 2016, thus ending a four-year rising trend. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 78% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, bitumen mixer exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 84% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey represented the largest exporter of machines for mixing mineral substances with bitumen in MENA, with the volume of exports recording X units, which was approx. 46% of total exports in 2021. Kuwait (X units) ranks second in terms of the total exports with a 23% share, followed by Iran (19%) and the United Arab Emirates (6.4%). Jordan (X units) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of +26.0% from 2012 to 2021. At the same time, Kuwait (+75.3%) and Iran (+18.0%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of +75.3% from 2012-2021. By contrast, the United Arab Emirates (-1.2%) and Jordan (-10.9%) illustrated a downward trend over the same period. Turkey (+43 p.p.), Kuwait (+23 p.p.), Iran (+17 p.p.) and the United Arab Emirates (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest bitumen mixer supplier in MENA, comprising 88% of total exports. The second position in the ranking was held by Iran ($X), with a 5.8% share of total exports. It was followed by Kuwait, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +25.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+19.5% per year) and Kuwait (+108.1% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, growing by 71% against the previous year. Overall, the export price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when the export price increased by 569% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+18.7%), while the other leaders experienced more modest paces of growth.

Bitumen Mixer Imports

Imports in MENA

In 2021, the amount of machines for mixing mineral substances with bitumen imported in MENA surged to X units, increasing by 145% compared with the year before. Over the period under review, imports recorded a perceptible expansion. The pace of growth appeared the most rapid in 2014 with an increase of 20,126%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bitumen mixer imports amounted to $X in 2021. In general, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 14% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia prevails in imports structure, reaching X units, which was near 83% of total imports in 2021. It was distantly followed by Morocco (X units), creating a 7.2% share of total imports. Qatar (X units) and Egypt (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bitumen mixer imports into Saudi Arabia stood at +13.1%. At the same time, Egypt (+49.7%) and Morocco (+37.7%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of +49.7% from 2012-2021. By contrast, Qatar (-21.4%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+43 p.p.), Morocco (+6.6 p.p.) and Egypt (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Qatar (-33.3 p.p.) displayed negative dynamics.

In value terms, the largest bitumen mixer importing markets in MENA were Egypt ($X), Saudi Arabia ($X) and Morocco ($X), together comprising 57% of total imports.

Egypt, with a CAGR of +56.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, reducing by -55.8% against the previous year. Overall, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2017 when the import price increased by 7,530% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+4.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform