India: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in India

In 2022, the Indian bitumen mixer market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bitumen Mixer Production in India

In value terms, bitumen mixer production fell slightly to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Bitumen Mixer Exports

Exports from India

Bitumen mixer exports from India contracted markedly to X units in 2022, dropping by X% compared with 2021 figures. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, bitumen mixer exports contracted significantly to $X in 2022. In general, exports, however, showed temperate growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nepal (X units), Gabon (X units) and Uganda (X units) were the main destinations of bitumen mixer exports from India, with a combined X% share of total exports.

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

In value terms, Nigeria ($X), Egypt ($X) and Maldives ($X) constituted the largest markets for bitumen mixer exported from India worldwide, together accounting for X% of total exports. Bangladesh, Thailand, Kenya, Nepal, Tanzania, Gabon, Italy, Mozambique, Uganda and Bhutan lagged somewhat behind, together accounting for a further X%.

Gabon, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bitumen mixer export price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Uganda ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bitumen Mixer Imports

Imports into India

In 2022, supplies from abroad of machines for mixing mineral substances with bitumen decreased by X% to X units, falling for the third consecutive year after two years of growth. In general, imports faced a precipitous decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, bitumen mixer imports reduced notably to $X in 2022. Overall, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X units), France (X units) and China (X units) were the main suppliers of bitumen mixer imports to India.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Turkey ($X) constituted the largest supplier of machines for mixing mineral substances with bitumen to India, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average bitumen mixer import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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