Southern Asia: Concrete Mixer Market 2024

Concrete Mixer Market Size in Southern Asia

The South Asian concrete mixer market stood at $X in 2021, surging by 3.4% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Concrete Mixer Production in Southern Asia

In value terms, concrete mixer production expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 19%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Concrete Mixer Exports

Exports in Southern Asia

In 2021, overseas shipments of concrete or mortar mixers increased by 55% to X units, rising for the second consecutive year after two years of decline. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 117% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, concrete mixer exports soared to $X in 2021. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 72% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, amounting to X units, which was approx. 92% of total exports in 2021. It was distantly followed by Pakistan (X units), constituting a 5.3% share of total exports. Bangladesh (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to concrete mixer exports from India stood at +16.1%. At the same time, Bangladesh (+27.1%) and Pakistan (+16.7%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +27.1% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest concrete mixer supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 3% share of total exports.

In India, concrete mixer exports expanded at an average annual rate of +11.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (+2.3% per year) and Bangladesh (+9.3% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, waning by -6.7% against the previous year. Overall, the export price showed a perceptible slump. The growth pace was the most rapid in 2016 when the export price increased by 55%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-3.9%), while the other leaders experienced a decline in the export price figures.

Concrete Mixer Imports

Imports in Southern Asia

In 2021, supplies from abroad of concrete or mortar mixers increased by 85% to X units, rising for the second year in a row after three years of decline. Overall, imports showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, concrete mixer imports soared to $X in 2021. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 89%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Nepal (X units) and Bangladesh (X units) were the major importers of concrete or mortar mixers in 2021, recording near 30% and 29% of total imports, respectively. Sri Lanka (X units) ranks next in terms of the total imports with a 19% share, followed by India (15%). The following importers - Maldives (X units), Afghanistan (X units) and Bhutan (X units) - each amounted to a 5.8% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Nepal (with a CAGR of +42.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Nepal ($X) and India ($X) were the countries with the highest levels of imports in 2021, with a combined 72% share of total imports.

Nepal, with a CAGR of +37.8%, saw 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 more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, dropping by -3.9% against the previous year. Overall, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2016 when the import price increased by 25% against the previous year. The level of import peaked 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, the country with the highest price was Bhutan ($X per unit), while Afghanistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bhutan (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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