South-Eastern Asia: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in South-Eastern Asia

The Southeast Asian bitumen mixer market reduced slightly to $X in 2021, shrinking by -3.4% against the previous year. Overall, consumption, however, recorded a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bitumen Mixer Production in South-Eastern Asia

In value terms, bitumen mixer production surged to $X in 2021 estimated in export price. Over the period under review, production showed prominent growth. The growth pace was the most rapid in 2019 with an increase of 79% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Bitumen Mixer Exports

Exports in South-Eastern Asia

In 2021, the amount of machines for mixing mineral substances with bitumen exported in South-Eastern Asia soared to X units, jumping by 27% on the previous year's figure. Overall, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2018 when exports increased by 379%. 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 surged to $X in 2021. In general, exports, however, recorded a abrupt slump. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia represented the key exporting country with an export of about X units, which reached 72% of total exports. Thailand (X units) held the second position in the ranking, distantly followed by Singapore (X units). All these countries together held approx. 28% share of total exports.

Exports from Malaysia decreased at an average annual rate of -12.9% from 2012 to 2021. At the same time, Thailand (+39.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +39.9% from 2012-2021. By contrast, Singapore (-21.2%) illustrated a downward trend over the same period. While the share of Thailand (+22 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-10.8 p.p.) and Singapore (-10.9 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest bitumen mixer supplier in South-Eastern Asia, comprising 80% of total exports. The second position in the ranking was held by Singapore ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia totaled -5.6%. In the other countries, the average annual rates were as follows: Singapore (-15.6% per year) and Thailand (-11.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, picking up by 17% against the previous year. Overall, the export price continues to indicate pronounced growth. The pace of growth appeared the most rapid in 2017 when the export price increased by 184% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 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 Singapore ($X per unit), while Thailand ($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 (+8.4%), while the other leaders experienced mixed trends in the export price figures.

Bitumen Mixer Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of machines for mixing mineral substances with bitumen decreased by -58.1% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 when imports increased by 133%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, bitumen mixer imports expanded modestly to $X in 2021. Overall, imports, however, saw a pronounced expansion. The growth pace was the most rapid in 2014 when imports increased by 294%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Philippines was the main importer of machines for mixing mineral substances with bitumen in South-Eastern Asia, with the volume of imports resulting at X units, which was approx. 36% of total imports in 2021. Myanmar (X units) ranks second in terms of the total imports with a 19% share, followed by Singapore (13%), Thailand (9%), Cambodia (6.8%) and Malaysia (5.2%). Vietnam (X units) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +7.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bitumen mixer importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Malaysia ($X), together accounting for 68% of total imports. These countries were followed by Cambodia, the Philippines, Myanmar and Singapore, which together accounted for a further 11%.

Cambodia, with a CAGR of +17.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, picking up by 148% against the previous year. Overall, the import price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2019 an increase of 316% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+33.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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