South-Eastern Asia: Concrete Mixer Market 2024

Concrete Mixer Market Size in South-Eastern Asia

After four years of growth, the Southeast Asian concrete mixer market decreased by -1.4% to $X in 2021. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then dropped modestly in the following year.

Concrete Mixer Production in South-Eastern Asia

In value terms, concrete mixer production fell to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 38% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Concrete Mixer Exports

Exports in South-Eastern Asia

In 2021, approx. X units of concrete or mortar mixers were exported in South-Eastern Asia; shrinking by -37.1% against 2020. Over the period under review, exports faced a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 11% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, concrete mixer exports soared to $X in 2021. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2013 when exports increased by 44%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X units) and Thailand (X units) were the main exporters of concrete or mortar mixers in 2021, finishing at near 38% and 36% of total exports, respectively. Singapore (X units) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (4.5%). Indonesia (X units) and Cambodia (X units) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +20.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest concrete mixer supplying countries in South-Eastern Asia were Thailand ($X), Singapore ($X) and Vietnam ($X), with a combined 90% share of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +29.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, increasing by 98% against the previous year. Over the period under review, the export price saw a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while Indonesia ($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 (+12.6%), while the other leaders experienced more modest paces of growth.

Concrete Mixer Imports

Imports in South-Eastern Asia

In 2021, the amount of concrete or mortar mixers imported in South-Eastern Asia shrank to X units, declining by -6.5% against the previous year. Overall, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 11% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, concrete mixer imports stood at $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 27% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X units), Thailand (X units), Cambodia (X units) and Vietnam (X units) represented the key importer of concrete or mortar mixers in South-Eastern Asia, comprising 82% of total import. It was distantly followed by the Philippines (X units), comprising a 4.9% share of total imports. The following importers - Singapore (X units) and Myanmar (X units) - each resulted at a 7.9% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +15.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete mixer importing markets in South-Eastern Asia were Thailand ($X), the Philippines ($X) and Indonesia ($X), with a combined 55% share of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +17.0%, saw the highest growth rate of the value of imports, 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, growing by 7.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2013 when the import price increased by 20%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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