MENA: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in MENA

In 2022, the MENA's bitumen mixer market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Bitumen Mixer Production in MENA

In value terms, bitumen mixer production fell significantly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Bitumen Mixer Exports

Exports in MENA

After five years of growth, shipments abroad of machines for mixing mineral substances with bitumen decreased by X% to X units in 2022. Overall, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bitumen mixer exports reduced remarkably to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank sharply in the following year.

Exports by Country

In 2022, Turkey (X units) was the key exporter of machines for mixing mineral substances with bitumen, achieving X% of total exports. It was distantly followed by Iran (X units), making up a X% share of total exports. The following exporters - the United Arab Emirates (X units) and Jordan (X units) - together made up X% of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Jordan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Iran and the United Arab Emirates increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest bitumen mixer supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, bitumen mixer exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, rising by X% against the previous year. Overall, the export price showed significant growth. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced more modest paces of growth.

Bitumen Mixer Imports

Imports in MENA

In 2022, purchases abroad of machines for mixing mineral substances with bitumen decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a noticeable slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, bitumen mixer imports dropped significantly to $X in 2022. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

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

From 2012 to 2022, average annual rates of growth with regard to bitumen mixer imports into Saudi Arabia stood at X%. At the same time, Egypt (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, 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, Bahrain and Egypt increased by X, X and X percentage points, respectively.

In value terms, Saudi Arabia ($X), Egypt ($X) and Oman ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Egypt, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 2022, the import price in MENA amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per unit), while Saudi Arabia ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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