Pakistan: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in Pakistan

The Pakistani bitumen mixer market declined markedly to $X in 2021, which is down by -78.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt slump. Bitumen mixer consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Bitumen Mixer Exports

Exports from Pakistan

In 2021, overseas shipments of machines for mixing mineral substances with bitumen increased by 200% to X units, rising for the third consecutive year after three years of decline. Overall, exports saw perceptible growth. The growth pace was the most rapid in 2013 when exports increased by 300% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, bitumen mixer exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 722% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X units) and Oman (X units) were the main destinations of bitumen mixer exports from Pakistan. Moreover, bitumen mixer exports in the UK exceeded the figures recorded by the second-largest exporter, Oman, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of 0.0%).

In value terms, Saudi Arabia ($X) remains the key foreign market for machines for mixing mineral substances with bitumen exports from Pakistan, comprising 77% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total exports. It was followed by the UK, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-19.5% per year) and the UK (0.0% per year).

Export Prices by Country

In 2021, the average bitumen mixer export price amounted to $X per unit, declining by -60.7% against the previous year. Overall, the export price recorded a significant decrease. The growth pace was the most rapid in 2013 an increase of 81%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Oman ($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 Tanzania (+522.8%), while the prices for the other major destinations experienced mixed trend patterns.

Bitumen Mixer Imports

Imports into Pakistan

Bitumen mixer imports into Pakistan contracted notably to X units in 2021, which is down by -50% on the year before. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 257% 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 dropped rapidly to $X in 2021. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 296% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X units), Spain (X units) and China (X units) were the main suppliers of bitumen mixer imports to Pakistan, together accounting for 60% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of 0.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest bitumen mixer suppliers to Pakistan were China ($X), South Korea ($X) and Hong Kong SAR ($X), together accounting for 67% of total imports.

Among the main suppliers, Hong Kong SAR, with a CAGR of +72.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bitumen mixer import price stood at $X per unit in 2021, which is down by -5.2% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bitumen mixer import price decreased by -36.9% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 68%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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