GCC: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in GCC

For the third year in a row, the GCC bitumen mixer market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, continues to indicate strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bitumen Mixer Production in GCC

In value terms, bitumen mixer production rose slightly to $X in 2022 estimated in export price. Over the period under review, production recorded strong growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Bitumen Mixer Exports

Exports in GCC

In 2022, the amount of machines for mixing mineral substances with bitumen exported in GCC contracted dramatically to X units, reducing by X% on the year before. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, bitumen mixer exports surged to $X in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates was the key exporting country with an export of around X units, which amounted to X% of total exports. Oman (X units) held the second position in the ranking, distantly followed by Kuwait (X units). All these countries together took near X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Oman ($X) and Kuwait ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, picking up by X% against the previous year. In general, the export price continues to indicate buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%).

Bitumen Mixer Imports

Imports in GCC

In 2022, after three years of growth, there was significant decline in overseas purchases of machines for mixing mineral substances with bitumen, when their volume decreased by X% to X units. Over the period under review, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, bitumen mixer imports shrank rapidly to $X in 2022. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia prevails in imports structure, accounting for X units, which was approx. X% of total imports in 2022. Bahrain (X units) and Oman (X units) followed a long way behind the leaders.

Imports into Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia and Bahrain increased by X and X percentage points, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia amounted to X%. In the other countries, the average annual rates were as follows: Oman (X% per year) and Bahrain (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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