Scandinavia: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in Scandinavia

The Scandinavia bitumen mixer market dropped rapidly to $X in 2021, shrinking by -56.6% against the previous year. Overall, consumption continues to indicate a pronounced contraction. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Bitumen Mixer Production in Scandinavia

In value terms, bitumen mixer production surged to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +130.1% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 38%. The level of production peaked in 2021 and is likely to see gradual growth in the immediate term.

Bitumen Mixer Exports

Exports in Scandinavia

In 2021, approx. X units of machines for mixing mineral substances with bitumen were exported in Scandinavia; dropping by -34.6% compared with 2020. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 193% against the previous year. As a result, the exports reached the peak of X units, and then dropped markedly in the following year.

In value terms, bitumen mixer exports contracted markedly to $X in 2021. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 82% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark dominates exports structure, accounting for X units, which was approx. 93% of total exports in 2021. It was distantly followed by Finland (X units), committing a 6.9% share of total exports.

Denmark was also the fastest-growing in terms of the machines for mixing mineral substances with bitumen exports, with a CAGR of +38.1% from 2012 to 2021. Finland (-19.5%) illustrated a downward trend over the same period. Denmark (+83 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -82.6% from 2012 to 2021, respectively.

In value terms, Finland ($X) remains the largest bitumen mixer supplier in Scandinavia, comprising 75% of total exports. The second position in the ranking was held by Denmark ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Finland totaled -8.2%.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, reducing by -16.6% against the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 60% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per unit), while Denmark totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+14.0%).

Bitumen Mixer Imports

Imports in Scandinavia

In 2021, the amount of machines for mixing mineral substances with bitumen imported in Scandinavia shrank dramatically to X units, with a decrease of -50% compared with 2020. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 230%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, bitumen mixer imports expanded to $X in 2021. Over the period under review, imports saw a perceptible reduction. The pace of growth was the most pronounced in 2018 when imports increased by 464%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Denmark (X units), Finland (X units), Sweden (X units) and Norway (X units) was the largest importer of machines for mixing mineral substances with bitumen in Scandinavia, mixing up 94% of total import. It was distantly followed by Iceland (X units), making up a 6% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +17.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest bitumen mixer importing markets in Scandinavia were Denmark ($X), Finland ($X) and Sweden ($X), with a combined 97% share of total imports.

Finland, with a CAGR of +16.6%, recorded the highest growth rate of the value of imports, in terms of 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

In 2021, the import price in Scandinavia amounted to $X per unit, with an increase of 106% against the previous year. In general, the import price recorded pronounced growth. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood 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 Denmark ($X per unit), while Iceland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform