Middle East: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in the Middle East

In 2021, the Middle Eastern bitumen mixer market increased by 4.1% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a abrupt curtailment. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Bitumen Mixer Production in the Middle East

In value terms, bitumen mixer production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 190% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Bitumen Mixer Exports

Exports in the Middle East

After four years of growth, shipments abroad of machines for mixing mineral substances with bitumen decreased by -26.2% to X units in 2021. In general, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by 77%. The volume of export peaked 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, however, saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 87%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Turkey was the key exporting country with an export of around X units, which recorded 47% of total exports. Kuwait (X units) held the second position in the ranking, followed by Iran (X units) and the United Arab Emirates (X units). All these countries together took approx. 49% share of total exports. Jordan (X units) followed a long way behind the leaders.

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 the Middle East, 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 (+44 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 ($X) remains the largest bitumen mixer supplier in the Middle East, comprising 89% of total exports. The second position in the ranking was taken by Iran ($X), with a 5.9% 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 totaled +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

In 2021, the export price in the Middle East amounted to $X per unit, growing by 70% against the previous year. Over the period under review, the export price showed significant growth. The most prominent rate of growth was recorded in 2013 an increase of 598%. The level of export peaked in 2021 and is likely to continue growth in years to come.

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 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 the Middle East

For the third year in a row, the Middle East recorded growth in purchases abroad of machines for mixing mineral substances with bitumen, which increased by 162% to X units in 2021. Overall, imports continue to indicate a temperate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bitumen mixer imports dropped remarkably to $X in 2021. In general, imports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia dominates imports structure, finishing at X units, which was approx. 92% 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. While the share of Saudi Arabia (+50 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Qatar (-35 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported machines for mixing mineral substances with bitumen in the Middle East, comprising 28% of total imports. The second position in the ranking was taken by Qatar ($X), with a 0.1% share of total imports.

In Saudi Arabia, bitumen mixer imports declined by an average annual rate of -7.1% over the period from 2012-2021.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, declining by -71.9% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 56% 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.

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 Saudi Arabia ($X per unit), while Qatar stood at $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

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